Donald Trump is showing why independent central banks are a good idea. The president’s double tirade against Federal Reserve Chairman Jerome Powell on Thursday conjured another dark cloud over financial markets and an economy repeatedly traumatized by his tariff and trade-war chaos.

Ford is warning its dealers that tariffs will likely raise prices in the coming months, the latest impact the import taxes will have on Americans’ finances.

Ford Motor Co. is preparing to raise prices on cars rolling off assembly lines starting next month if President Donald Trump doesn’t deliver on the tariff relief he’s hinted at for automakers.

Trump imposed 10% tariffs on goods from all countries and higher tariffs for countries the administration says have high barriers to U.S. imports, most of which he later paused for 90 days. He also imposed a 145% tariff on China,

Gov. Gavin Newsom, who has tussled with Donald Trump over the years, described the president's tariffs as "unlawful."

California is taking on President Donald Trump - from immigration to economics, to the future of the Democratic party, the biggest national battles are playing out right here in the Golden State. FOX 11's Elex Michaelson,