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Trump, tariffs and trade deficit

Trump's tariffs could pay for his tax cuts -- but it likely wouldn't be much of a bargain

The tax cuts in President Donald Trump's One Big Beautiful Bill would likely gouge a $2.4 trillion hole in the federal budget.

Reuters on MSN · 3d

Factbox-Trump's tariffs and threatened trade actions

The United States doubled tariffs on steel and aluminium imports on Wednesday, activating a hike in the duties on the imported metals to 50% from the 25% rate introduced in March. The day also marks the Trump administration’s deadline for trading partners to submit their “best offers” to avoid further steep import duties set to take effect in early July.

ABC News on MSN · 2d

US trade deficit narrowed significantly amid Trump's tariff escalation

The U.S. trade deficit narrowed significantly in April as President Donald Trump sharply escalated tariffs before pausing a large swath of the levies, U.S. Commerce Department data on Thursday showed.

Madeleine Dean, Trump and Howard Lutnick

MSNBC · 17h

Trump tariff policy is 'chaos and absurdity': Rep. Dean on asking Trump Commerce Secy. about bananas

MSNBC's Ali Velshi is joined by Pennsylvania Democrat Rep. Madeleine Dean, to discuss the House Appropriations Cmte. testimony by Trump Commerce Secretary Howard Lutnick and why he struggled to explain the administration placing tariffs on bananas which can only be grown in a few places inside the United States.

HuffPost on MSN · 1d

Rep. Madeleine Dean's Banana Burn Against Commerce Secretary Howard Lutnick Goes Viral

In an exchange about tariffs, the Pennsylvania congresswoman had to remind Lutnick that you can't build bananas in the U.S.

Oneindia - Video on MSN · 1d

Rep Dean GRILLS Trump Ally Over Soaring Banana Prices, Lutnick SHREDDED Over Trump’s Banana Tariffs

During a heated House hearing, Rep. Madeleine Dean confronted Commerce Secretary Howard Lutnick over the ripple effects of President Trump’s tariff plan. Dean spotlighted rising banana prices at Walmart as an example of how American consumers are already feeling the squeeze.

36mon MSN

The 911 presidency: Trump flexes emergency powers in his second term

Republican and Democratic lawmakers have tried to rein in a president’s emergency powers. Two years ago, a bipartisan group ...

3don MSN

Donald Trump pushes forward on tariffs despite court challenges: What to know

President Donald Trump is hiking tariffs on aluminum and steel as his administration presses countries to speed up trade ...

The Canadian Press on MSN10h

As his trade war faces legal pushback, Trump has other tariff tools he could deploy

U.S. President Donald Trump's tariffs are facing legal headwinds for the first time — but he has other tools he could deploy ...

New York Magazine on MSN1d

The Supreme Court Will Settle Trump’s Tariffs. But When? And How?

Once again, Trump’s aggressive, scattershot use of executive power has pushed us into new constitutional territory.

3don MSN

Trump's tariffs to curb US economic growth while reducing deficit: CBO report

The CBO analysis says Trump's tariffs over the next decade would reduce deficits by $2.8 trillion while also curbing economic ...

Agence France-Presse on MSN1d

US job market resilient in May despite Trump tariffs

The United States added more jobs than analysts expected in May even as hiring cooled, government data showed Friday, a ...

12hon MSN

Trump, South Korea's new president agree to make a deal on tariffs that would satisfy both countries

South Korea's new President Lee Jae-myung said he and President Donald Trump agreed to quickly work toward a deal on tariffs ...

Twin Cities Business1d

How Trump’s Tariffs Are Impacting Minnesota Businesses

Minnesota business leaders and academic experts on how tariff whiplash impedes reliable business planning and long-term ...

2don MSN

GM CEO Mary Barra on Trump tariffs and US manufacturing: 'We could have done better'

Mary Barra said at the Wall Street Journal’s Future of Everything conference in New York City she learned lessons from ...

Trump tax bill could add $2.4 trillion to US debt, says CBO

US News. Trump tax bill could add $2.4 trillion to US debt, says CBO. June 4, 2025. The nonpartisan Congressional Budget ...

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