"I may not want to go higher, or I may not want to even go up to that level — I may want to go to less, because you want people to buy, and at a certain point, people aren't goi

President Donald Trump revealed for the first time on Thursday that the United States is in talks with China on a tariff deal. Trump said a deal could be reached in the next three to four weeks.

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.

The administration is implementing major shifts in economic policy, and trade is now at the center of it,” Powell said. “These changes are likely to push us further away from our goals.” He explained that the tariffs announced by Trump turned out to be significantly higher than expected — and the economic fallout will likely be just as steep,