Duties on China surged to 145% just as fireworks companies were getting their final July Fourth shipments from the country, which makes the vast majority of supplies used in the U.S.

Trump touts economy at Michigan 100-day rally, as Americans grow wary Trump renewed his criticisms of Fed Chair Powell and doubled down on calls for Congress to slash taxes, a plan that budget analysts said could add trillions to the nation's $36.

Senate Republicans have narrowly voted down a Democratic resolution that would have blocked global tariffs announced by Donald Trump earlier this month, giving the president a modest win Wednesday as lawmakers in both parties have remained skeptical of his trade agenda.

President Donald Trump narrowly avoided a rebuke from the U.S. Senate on his tariffs due to one Democratic senator's absence. The resolution, defeated with a 49-49 tie on April 30, reflects discontent with Trump's 10% across-the-board tariffs and now-paused "retaliatory" tariffs that rattled Wall Street and contributed to a shrinking GDP as four Republicans joined with all present Democrats in supporting it.

As part of his events marking 100 days in office, President Donald Trump convened his Cabinet officials on Wednesday for a meeting at the White House.Trump also sat down exclusively with ABC News on Tuesday for the first broadcast interview marking this milestone of his second term.

President Donald Trump is acknowledging that his tariffs could result in fewer and costlier products in the United States

For the first time, President Donald Trump is acknowledging his tariffs on China could cause shortages of consumer goods and higher prices. It comes as the U.S. economy shrank in the first three months of this year,