The president cited figures from the Congressional Budget Office to suggest tariffs could offset the cost of tax cuts, though he omitted important caveats for why that may not be the case.

The nonpartisan Congressional Budget Office on Wednesday released a revised estimate of the cost of President Donald Trump's tax-cut bill passed by the U.S. House of Representatives, concluding it will add $2.

The Trump administration’s global trade agenda is under renewed pressure as talks with China and the EU falter, according to Bloomberg. Tensions between the U.S. and China escalated after Beijing accused Washington of violating a recent tariff truce and warned of potential retaliation.

A court ruling invalidating President Trump’s sweeping tariffs was halted hours later, throwing into question the administration’s overall approach to trade.

Two courtroom defeats dealt a blow to President Donald Trump’s strategy, even as an appeals court reinstated existing tariffs.