Duties on imports from dozens of countries would jump if the 90-day pause imposed in April expires July 9 as scheduled.

Treasury Secretary Scott Bessent warned that countries could be notified of sharply higher tariffs as a July 9 deadline approaches despite good-faith negotiations.

Trump’s unpredictable style has earned him the descriptor “TACO” for “ Trump Always Chickens Out ,” while businesses, economists, and investors have criticized him for creating a volatile business environment.

Republicans in the House of Representatives on Wednesday struggled to pass President Donald Trump's massive tax-cut and spending bill as a handful of hardliners withheld their support over concerns about its cost.

Get the latest news on President Donald Trump’s second term in the White House and the Republican-led Congress.

The Republican-controlled U.S. Senate voted on Tuesday to pass a wide-ranging tax-cut and spending bill sought by President Donald Trump, which would cut Medicaid healthcare and food assistance programs for the poor and disabled.