President Donald Trump appeared to acknowledge over the weekend that tariffs function as a tax ultimately paid by American consumers—not foreign manufacturers—despite years of claiming the opposite. The remark sparked ridicule and forced the White House to scramble to clarify his comments,

Live updates and the latest news as Trump addresses House Republicans about the reconciliation bill and RFK Jr. testifies to Congress about DOGE cuts and his vaccine views.

As the US and China came to an agreement to lower tariffs sharply this week, trade war uncertainty has, for now, subsided. But Wall Street has a new question for President Donald Trump: What about tax cuts?

The White House made the case Monday that passing President Trump’s 'big beautiful bill' would be the fiscally responsible move. Outside analyses instead foresee a new flood of government debt if lawmakers move forward.

The White House isn't budging on a 10% baseline tariff on most imports. One administration official argued that consumers will not foot the bill for tariffs.

WASHINGTON (7News) — Giant excavators, front-end loaders, and dump trucks—the machinery that helps build and feed the nation—are on display along the National Mall. They’re here as a show of force, hoping Congress and the White House support trade policies more favorable to North American companies hit hard by recent tariffs.

At one point, he called himself "Tariff Man" in a post on Truth Social. Trump repeatedly claimed, before and immediately after returning to the White House, that the country of origin for an ...