Economists at Citi Research said in a note on Thursday that the aggressive tariffs "may now become a justification for larger tax cuts."

The Texas Senator said he is "not a fan of jacking up taxes on American consumers" and hopes the tariffs are "short-lived."

Feathered friends got caught up in President Donald Trump’s trade war, Beatlemania might be making a comeback, and some big changes are coming to the world of sports. Test your knowledge of the week in news, and take last week’s quiz here.

From extending the tax cuts he signed into law in 2017 to ending taxes on tips, overtime pay, Social Security benefits and more, President Donald Trump has never made a secret of his goal to make sweeping changes to the U.

The Senate has approved Donald Trump's tax and spending cut framework in a 51-49 vote, in a major win for the president. The vote, which ran into the early hours of Saturday morning, took place largely along party lines. However, two Republicans - Senators Susan Collins of Maine and Rand Paul of Kentucky - joined Democrats in opposition.

The fallout continues after President Donald Trump's unveiling of severe tariffs against virtually all U.S. trading partners. On Sunday, ABC's "This Week" anchor George Stephanopoulos pressed White House National Economic Council Director Kevin Hassett about Trump reposting a video that said he was tanking the markets to force the Fed to lower interest rates.

FTSE hits lowest level since December as global market meltdown continues - FTSE slumps after Trump’s ‘Liberation Day’ tariffs wipe $2.4trn from S&P 500, in its biggest one-day loss since March 2020

The MAGAverse raged at former Vice President Mike Pence after he blasted President Donald Trump’s tariffs as the “largest peacetime tax in U.S. history.” “These tariffs are nearly 10 times the size of those imposed during the Trump-Pence administration and will cost American families over $3,