Americans’ concerns about President Donald Trump’s tariffs and their potential effects on the cost of consumer goods correlates with a dip in his approval rating in the majority of reputable polls released since his April 2 “Liberation Day” announcement.

The sweeping tariffs imposed by U.S. President Donald Trump since April 2 and the subsequent pauses on some of them have generated uncertainty for companies worldwide, causing some of them to withdraw or refrain from giving a financial guidance.

President Trump’s sweeping tariff plans kicked off a historically volatile 10 days in markets. Stock indexes plunged, bonds sold off at the fastest rate in decades, and the dollar fell rapidly against the euro and yen.

A lawsuit filed Monday challenges the legality of President Trump’s worldwide, across-the-board tariff hikes. The Liberty Justice Center, a libertarian-leaning public-interest law center based in Texas,

Donald Trump says Chinese-made smartphones and other electronics will not be exempt from tariffs - adding they are simply moving into a different levy "bucket". European stock markets bounced up on Monday morning after Friday's official announcement that some of these products would escape levies of up to 145%.

US President Donald Trump warned Sunday that no country would be "getting off the hook" on tariffs, as his administration suggested exemptions seen as favoring China would be short-lived.