President Donald Trump is ratcheting up pressure on the Federal Reserve to cut interest rates, accusing Fed Chair Jerome H. Powell of “playing politics” and of acting too slowly to respond to changes in the economy.

Traders boosted bets on Tuesday the Federal Reserve will start cutting its policy rate as soon as next month, as the White House said additional tariffs on imports from China will go into effect on Wednesday in a further escalation of trade hostilities that could slow the economy.

Tariffs set to take effect this week risk stoking even higher inflation and slower growth than expected, complicating the central bank’s decisions on monetary policy.

President Donald Trump’s top trade negotiator came under fire Tuesday from senators unnerved by the president's sweeping global tariffs, a market meltdown and the heightened risk of recession from an upended global trading order.

Global stock markets extended a severe plunge Monday, fueled by fears that U.S. tariffs would lead to a global economic slowdown. European and Asian shares saw dramatic losses, the leading U.S. index flirted with bear market territory in pre-market trading,

Trump's trade representative Jamieson Greer told Senators that President Trump's tariffs prompted more than 50 countries to reach out to negotiate trade deals. But Greer declined to give a timeline.

The Supreme Court on Monday lifted an order blocking President Donald Trump ’s administration from deporting Venezuelan migrants under the Alien Enemies Act, a rarely used 18th-century wartime law. In a bitterly divided 5-4 decision,

Trump’s sweeping tariffs will go into effect at midnight tonight, including an expected 104% tariff on China. Follow along for live updates.

U.S. stocks are falling after President Donald Trump doubled down on his tariffs, despite seeing how much markets would love to see him do the opposite.