Companies are announcing price hikes due to Trump’s steep tariffs, but the president is ratcheting up his trade war, threatening 50% tariffs on goods from the European Union and a 25% levy on smartphone makers if they don’t move production to the US.

House Republicans muscled through President Trump's massive tax and spending bill this week. The vote this week sends a clear message about where the Republican party is today.

House Republicans are sending a clear and early warning to their Senate allies as the bill encompassing President Trump’s domestic priorities heads to the upper chamber: Don’t water it down. House GOP leaders spent weeks in delicate talks with Republican holdouts before cobbling together a fragile agreement that could thread the needle between conservatives’ demands for more spending cuts and moderates’ insistence on a controversial tax break.