Economists warn that enacting tariffs at a time of persisting price pressures is a risky move.

President Trump pledged to lower costs on “Day 1” as a candidate. His administration now acknowledges it will take more time.

President Trump supports the Japanese company’s taking a stake in the American steel maker after the U.S. blocked a $14 billion takeover bid.

In a letter to the Treasury secretary, the Democratic senator warned against meddling with a system that processes trillions of dollars of transactions.

The invoking of national security to unravel trade agreements could scramble the international trading system in China’s favor.

Treasury Secretary Scott Bessent gave Mr. Musk’s representatives at the so-called Department of Government Efficiency a powerful tool to monitor and potentially limit government spending.

Economists and analysts aren’t convinced that an expansion of oil and gas production will lower consumer prices.

The president said the planned duties were a response to China’s failure to curb fentanyl exports.

Tariffs and tax cuts amid high interest rates and lingering inflation will pose a test for the U.S. economy.

The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.

Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.

If confirmed, Mr. Vought will be at the center of President-elect Donald Trump’s plans to upend the federal bureaucracy.

Financial disclosure forms show hundreds of millions of assets including property in the Bahamas and investments in Bitcoin and bets against China’s currency.

The Biden administration is cracking down on the Russian “shadow fleet” and taking steps to curb oil and gas production.

President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend tariffs and tax cuts.

The companies argue in a lawsuit that the process of reviewing the transaction was corrupted by politics.

The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year.

The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit.