Donald Trump's second term economic plan can be summed up in one word: tariffs. When his barrage of these import taxes went into overdrive a month ago, markets trembled and business leaders sounded alarms about the economic damage they would cause.

Big Tech, Wall Street, small businesses, and consumers threatened by Trump's tariffs can now breathe a sigh of relief…at least for the time being. In the early morning hours on Monday, President Donald Trump's Treasury Secretary Scott Bessent announced that the U.

The Trump administration agreed after talks this weekend in Switzerland to pare back its 145% in tariffs charged on imports from China to 30%. The Chinese government chose to reduce its retaliatory import taxes on U.S. goods from 125% to 10% while the sides continue to negotiate.