Germany, which sends 10% of its exports to the U.S. market, saw industrial production sag 1.9% in June as Trump's earlier rounds of tariffs took hold. “The new tariffs will clearly weigh on economic growth,” said Carsten Brzeski, global chief of macro for ING bank.

The sweeping tariffs impose higher import taxes on goods from more than 60 countries. Here's what you need to know.

WASHINGTON—President Donald Trump was set to officially begin levying higher import taxes on dozens of countries on Thursday, just as the economic fallout of his monthslong tariff threats has begun to create visible damage for the US economy.

Asia chip stocks fell on Thursday after U.S. President Donald Trump announced he will impose a 100% tariff on imports of semiconductors and chips.

Officials in Taiwan and South Korea say they don't expect Trump's 100% tariff on foreign chips to affect TSMC or Samsung, likely due to their factory investments in the US.

President Trump threatened on Wednesday to impose a 100 percent tariff on foreign semiconductors, in an effort to bring supply chains for electronics back to the United States. The tariff, which could be unveiled next week,