Sen. Mitch McConnell said he’s not convinced President Trump’s tariffs are “the best way to go” during a rotary club gathering in Kentucky on Thursday.

President Donald Trump's tariffs sparked recession alarm, but data shows a solid economy. Apparent economic strength owes in part to lag in data, experts said.

The chairman and CEO of French luxury conglomerate LVMH has called for a free trade zone between the European Union and the United States, saying that unresolved trade tensions could seriously hurt European industries

The Fed is an independent government agency established by Congress.

It was not clear whether Trump’s comments indicated a desire to remove Powell from his position or an eagerness for the completion of Powell’s term as Fed chair in 2026.

Stock markets fell after Federal Reserve Chairman Jerome Powell said that the Trump administration’s tariffs would most likely lead to even higher inflation and slower growth.

Federal Reserve chairman Jerome Powell warned that Pres. Trump's sweeping tariff policy threatens to reignite inflation across America, sparking stock markets losses.

Trump's tariffs are "highly likely" to cause higher inflation, Powell said.

ABC News White House correspondent Karen Travers delivers the latest on President Trump’s high-stakes tariff showdown with China.

California Gov. Gavin Newsom announced Wednesday that the state is suing President Donald Trump's administration over the tariffs it has imposed on most of the U.S.'s trading partners

California is suing Trump administration over tariffs it has imposed on most of the U.S.'s trading partners, Gov. Gavin Newsom and Attorney General Rob Bonta announced.

Tariffs set off one of the most volatile trading periods in Wall Street history.

Making maple syrup in New England’s fickle spring weather can be an unpredictable business

Chinese leader Xi Jinping is making the case for free trade as he tours Southeast Asia this week, presenting China as a source of “stability and certainty.”

"The only issue remaining is who is going to blink first," one expert said.

The White House claimed that 75 countries have reached out and said, without providing further details, that they will announce trade deals soon.

Grant Grinstead. a Wisconsin dairy farmer, says he supports President Donald Trump's tariff policies calling the farming community 'resilient' as they brace for impact.

U.S. stocks were little changed in early trading on Tuesday, a day after President Donald Trump signaled a willingness to ease some tariffs but also impose new ones.

Ranchers hope President Donald Trump's tariffs will make imported beef expensive enough that Americans will turn to cattle raised at home for all their hamburger and steaks

President Donald Trump and his administration are laying the groundwork to invoke national security to impose a new tax on pharmaceuticals and semiconductors.

Small businesses are caught in the crossfire as the Trump administration raises tariffs on Chinese goods to 145%, driving up costs and putting added pressure on their bottom line.

South Korea on Tuesday said it will expand its financial support package for its crucial semiconductor industry to about $23 billion in part of efforts to address uncertainties posed by the Trump administration’s tariff hikes

Pres. Trump signaled that he will impose new taxes on imported computer chips and pharmaceuticals after the White House says that exemptions on tariffs for certain electronics are only temporary.

A California dairy farmer says he is preparing to "keep the belt tight" as concerns grow amid President Trump's tariff rollout.

Stocks climbed in Monday trading following the White House announcement that key consumer electronics would be temporarily exempted from tariffs.

ABC News’ Mary Bruce breaks down the White House and President Donald Trump’s fluctuating response over the weekend on electronics tariffs exceptions.

ABC News’ Rebecca Jarvis reports about how global markets are reacting to President Donald Trump saying there will be no exceptions for tariffs on electronics.

Just days after excluding smartphones, computers and other electronics from new, steep tariffs imposed on China, President Donald Trump suggested that those exemptions are only temporary.

Commerce Secretary Howard Lutnik said that a reprieve on tariffs for smartphones, laptops and some other electronics from China is temporary, with a new plan for targeted tariffs pending.

The Department of Justice has given no word about if or when it plans to comply with a judge's order to return Kilmar Abrego Garcia to the United States after a wrongful deportation to El Salvador.

On “This Week,” Chief Washington Correspondent and co-anchor Jonathan Karl reports on Trump’s sudden 90-day tariff pause.

The Trump administration announced that smartphones, computers and other electronics would be exempt from the tariffs on China.

Sen. Elizabeth Warren, D-Mass., said Sunday that Trump has no tariff policy or plan to implement it -- "It's just all chaos and corruption."

Lutnick said on "This Week" administration's exemptions on electronic devices from tariffs is temporary, with "semiconductor tariffs" likely come in "a month or two."

ABC News’ Jonathan Karl interviews Sen. Elizabeth Warren, D-Mass., on “This Week.”

ABC News’ Jonathan Karl interviews Commerce Secretary Howard Lutnick on “This Week.”

ABC News’ Chief Washington Correspondent Jonathan Karl reports on the latest tariff exemption from the Trump administration and the possible new trade deals to come in the next few weeks.

President Donald Trump’s total 145% tariffs on all goods from China was expected to hit tech companies like Apple, which relies on Chinese factories to assemble the iPhone.

President Trump announced smart phones, chips, and computers are exempt from the 145% tariffs on goods from China.

The Trump administration is exempting smartphones, computers, and other electronics from his reciprocal tariffs, according to a bulletin posted by U.S. Customs and Border Protection late Friday night.

Matthew McGuire, former U.S. executive director of the World Bank Group, discusses the latest reversal on President Donald Trump's tariff strategy.

ABC News' Phil Lipof speaks with San Francisco Chronicle personal finance and utility columnist Jessica Roy.

Amid the escalating trade war between the U.S. and China, ABC News' Phil Lipof breaks down what President Donald Trump's tariffs on Chinese goods coming to the U.S. could mean for your budget.

China said it is now retaliating, adding 125% percent tariffs to U.S. goods, with the surcharge going into effect overnight.

Pres. Xi spoke out on the trade war, saying China has "never been afraid of any unreasonable suppression." It comes after Pres. Trump raised tariffs on China to 145%.

Toy stores are among the hardest hit by President Donald Trump's escalating trade war with China, with 77% of toys sold in the United States made in China.

KPMG Chief Economist Diane Swonk discusses the whiplash on Wall Street as Americans start to feel the impact of tariffs.

Soybean farmer Ryan Mackenthun told ABC News’ Phil Lipof that farmers are concerned about the impact of high tariffs between the U.S. and China.

Market gains defied an intensifying U.S.-China trade war and inflation fears.

Toy stores are among the hardest hit by President Donald Trump's escalating trade war with China, with 77% of toys sold in the United States made in China.