While persistent trade deficits are worrisome for many countries, that isn’t the case for the U.S.—and that’s a good thing.

Trump wants to reduce the $1.2 trillion trade deficit, so he’s putting tariffs on popular imported goods from smartphones to household appliances.

The Trump administration on April 2 will give trading partner countries a proposed U.S. tariff rate based on their own rates, non-tariff trade barriers and other factors -- along with an opportunity to negotiate to avoid a "tariff wall,

Jerome Powell did not shy away from the impact of President Trump’s tariffs during a highly-anticipated press conference Wednesday. The Federal Reserve chairman said in no uncertain terms that Trump's trade agenda would be likely to drive up prices,

U.S. Federal Reserve Chair Jerome Powell said on Wednesday that President Donald Trump's tariff increases would delay progress in bringing down inflation this year, but the Fed's base case is that tariff-related price impacts will be transitory,

Fresh off the Federal Reserve’s new economic projections showing officials expect higher inflation and slower growth this year, Chair Jerome Powell said Wednesday it’s his “base case” that any bump in price-growth due to President Donald Trump’s tariffs policy would prove transitory.

Treasury Secretary Scott Bessent provided new details into how President Trump will roll out a sweeping and elusive tariff measure planned for April 2.