Andrew Wilson, Deputy Secretary-General and Global Policy Director at the ICC, joined "Forbes Newsroom" to discuss President Trump's reciprocal tariff rates.

U.S. President Donald Trump announced new tariffs of up to 41% on goods imported from dozens of countries, again citing emergency powers he says he is using to shrink the country's trade deficits with many of its trade partners.

In what was likely welcome news for aspiring home buyers, the average rate on a 30-year mortgage held at a 10-month low, sitting at “levels from early October 2024,” according to data released Tuesday from Mortgage News Daily.

The average 30-year fixed mortgage is now 6.58%, falling after last Friday's weak jobs report increased the likelihood the Fed will cut interest rates next month.

Today's average mortgage rate on a 30-year fixed-rate mortgage is 6.55%, down 2.24% from the previous week, according to the Mortgage Research Center. Borrowers may be able to save on interest costs by going with a 15-year fixed mortgage,

Investors have started to worry that the U.S. could be headed for a spell of stagflation. The U.K. might already be there.

Global stock markets rose Tuesday as investors grew increasingly confident that the US Federal Reserve will cut interest rates next month.