Estimates by the Kiel Institute for the World Economy, a German economic research institute, showed that the tariffs would lead to a 20 percent drop in exports from the European Union to the United States in the short term, as well as a more than 6 percent increase in prices in the United States.

President Donald Trump threatened the European Union with 50 percent tariffs. More tariff turmoil: Trump is also waging war on Apple, threatening 25 percent tariffs if it doesn’t shift iPhone production to the United States — that could mean price hikes. Stock markets fell slightly with the news.

Stock futures point to a lower open after President Donald Trump raises tariff concerns again and as investors eye Treasury yields as Trump's tax bill continues to travel through Congress and.

Steve Madden has always known how to work a platform. The founder and former chief executive of footwear brand Steve Madden — whose boots, sneakers and sandals stacked with platform heels became a 1990s fashion staple — recently used an interview on “The Cutting Room Floor” podcast to criticize President Donald Trump’s China tariffs for raising the price of shoes and “destroying” the U.