Denmark's Orsted would have a "meaningful impact" on the cost of its projects in the U.S. due to President Donald Trump's tariffs, CEO Rasmus Errboe told the Financial Times in an interview published on Thursday.

President Donald Trump’s sweeping tariffs took effect Wednesday over the concerns of many of the nation’s billionaires, as even longtime supporters of the president—including Elon Musk—have expressed concern about the tariffs and their impact on the economy.

Small business owner Emily Ley says new U.S. tariffs on China will devastate her stationery store, calling the added costs "catastrophic."

Trump recently proposed tariffs on pharmaceutical products. Experts say this could lead to added costs, drug shortages and even a stall in research and development.

Levi Strauss & Co. maintained a full-year outlook that excludes the impact from sweeping US tariffs that are poised to hike costs of clothing around the world.

Trump’s announcement of the largest tariff increases in over a century feels like an economic earthquake. The initial shock has been delivered, but the true consequences are still forming.

But some economists predict Americans will feel the pain – at least in the short term – and low-income Americans most of all. Start the day smarter. Get all the news you need in your inbox each morning.

Trump says pharmaceutical tariffs are coming ‘very shortly.’ How will this impact the price of drugs? - ‘We're going to be announcing very shortly a major tariff on pharmaceuticals. And when they hear that,

President Donald Trump announced a 90-day pause on all tariffs except for those against China, which he said would now rise to 125%.

With Trump's tariffs on China soaring past 100% on Wednesday, America's access to low-cost fast fashion retailers like Shein and Temu may soon change.