Hassett also claimed the Trump admin is close to finalizing a trade deal with more than 10 countries.

China is facing a double whammy: corrosive deflation and tariffs that threaten to block trade. Chinese workers will be the biggest casualties.

President Donald Trump is claiming that tariffs on imported goods are bringing in billions of dollars a day — $2 billion to be exact

Statement: The U.S. is “taking in almost $2 billion a day in tariffs.” Before pausing country-by-country tariffs for 90 days, President Donald Trump repeatedly said tariffs were bringing in immense revenue.

Here’s a quick guide to the Trump administration’s talks with a number of different countries about tariffs and trade, as markets prepare for another week of headlines and signs of potential agreements.

Donald Trump claimed America is “taking in billions and billions of dollars” as a result of global trade tariffs. The US president said nothing he heard during a White House meeting with Italy's prime minister Giorgia Meloni on Thursday (17 April),