Republican senators are rejecting the White House argument that extending President Donald Trump’s tax cuts can be paid for with tariff revenue. The administration’s notion of offsetting tax cuts with a tax increase via tariffs,

"When you think about it, in the normal course, getting quietly to do a 10% tariff on everything from everywhere was a huge achievement," Wilbur Ross tells Fortune.

Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.

Shortly after President Donald Trump returned to the White House in January, he launched a tariff war against China, as part of a broader implementation of import taxes on goods from several dozen countries as Trump seeks to reset the foundations of global trade.

As the G-7 summit in Canada begins, Trump avoids personal conflicts that shaped previous meetings, but his remarks make clear that his goals differ from other leaders.

President Trump announced Wednesday a pending trade truce with China as the White House searches for momentum ahead of a looming deadline to strike dozens of other similar deals. The president’s announcement was light on details but gave Trump and his team the chance to tout a victory during a crucial stretch for his

The White House on Tuesday said it sent letters to all of its trade partners pressuring them to submit their best offers as it rushes to clinch deals before a July tariff deadline. President Trump’s “reciprocal” tariff rates on foreign nations are scheduled to take effect July 8 after a three-month pause unless trade deals are made in time.

Trump's signature legislation comes with a price tag in the neighborhood of $3 trillion. They're all wrong, the White House says.

Watch live coverage as President Trump holds a bilateral meeting with Canadian Prime Minister Mark Carney at the G7 summit in Alberta, Canada.