The new taxes went into effect on Tuesday as President Trump also threatened to widen his trade war with China.

U.S. companies and consumers are bearing the brunt of the country's new import tariffs, early indications show, contradicting assertions by President Donald Trump and complicating the Federal Reserve's fight against inflation.

Marjorie Taylor Greene said that Trump's tariffs haven't been without their challenges.She said she appreciate Trump's efforts to make trade "fair" but said: "It's bumpy."The Georgia congresswoman typically does not criticize Trump or his policies.

Trump’s tariffs have led to trade tensions between the United States and other countries while boosting prices on many items and overall inflation. However, the tariffs also could lead to higher monthly payments for more than 70 million Americans who receive Social Security benefits.

President Trump said Friday he will impose an additional 100% tariff on imports from China starting next month — marking a significant escalation in the U.S.-China trade war.

Baker Hughes is bracing for a more than $100 million hit to its annual profit from President Trump's tariffs on products such as steel, CEO Lorenzo Simonelli said.

Stocks tumbled on Friday after President Donald Trump threatened steeper tariffs on China. The Trump administration said it began laying off federal workers as the government shutdown continues. JPMorgan Chase launched a $10 billion plan to take stakes in companies it views as core to U.S. interests and national security.

Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment,” Trump wrote on Truth Social on Sunday. “He doesn’t want Depression f