Imports spiked at an annual rate of 50.9% the first three months of the year and the nation’s trade deficit widened by $14 billion to a record $162 billion in March. All told, the first quarter’s yawning trade gap subtracted about 5 percentage points from economic growth.

President Donald Trump’s economic policies have already shrunk the U.S. economy for the first time in three years. A report released Wednesday by the official U.S. Bureau of Economic Analysis found gross domestic product had contracted last quarter by an annualized rate of 0.

OMB Director Russ Vought discusses President Donald Trump's tariff standoff with China on 'America's Newsroom.'

U.S. President Donald Trump suggested on Tuesday that China could look to absorb some of the tariffs to soften the impact on American consumers. “You don’t know whether or not China’s going to eat it.

Yes—and See the 8 Biggest Energy Hogs China caves on 125% tariff for major US export after White House predicts Beijing can't keep up Hegseth announces he’s ending Pentagon involvement in Trump initiative empowering women championed by Ivanka Trump and Rubio Amazon denies plans to list tariff prices after President Trump calls Jeff Bezos to object Guns drawn,

Trump's plan includes tariffs ranging from as low as 10% (the base rate for all non-Chinese companies) to 125% (for Chinese goods). The new tariff amounts have changed and are likely to change again,

"Tariffs on auto parts will scramble the global automotive supply chain and set off a domino effect that will lead to higher auto prices for consumers, lower sales at dealerships

President Donald Trump is set to take action to ease the impact of his tariffs on US car makers, a top White House official says. "This deal is a major victory for the President's trade policy by rewarding companies who manufacture domestically,