U.S. Treasury Secretary Scott Bessent's defense of President Donald Trump's trade tariffs as a step toward “rebalancing” the U.S. economy misses the point.

Keep in mind that even a 1 percent decrease in GDP means the national economy will produce $300 billion less each year as long as the tariffs remain in effect. And a 1 percent increase in ...

If that pattern holds, Trump’s tariffs are likely to backfire. The result will be a one-way ratcheting up of tariffs across the globe, creating a trade wall between the U.S. and the rest of the world ...

For the first time in President Donald Trump’s second term, more voters disapprove of his handling of the economy than approve ... In contrast, immigration and national security are his highest ...

according to the poll by the National Association of Business Economics. They expect the economy to grow just 0.7% this year. The average tariff rate should gradually fall to about 20% this year ...