Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty.

The president backed off of China tariffs after hearing it would hurt his voters. Behind the scenes: Trump’s senior aides and officials convinced the president that the tariffs and less trade with China were hurting “Trump’s people.” That opened a negotiating window. The Supreme Court will hear arguments tomorrow about birthright citizenship.

The White House last month paused far-reaching “reciprocal tariffs” on dozens of countries, just hours after the measures took effect. Trump has also eased sector-specific tariffs targeting autos, and rolled back duties on some goods from Mexico and Canada.

Prices are expected to increase “towards the tail end of this month, and then certainly much more in June,” says Walmart’s Chief Financial Officer John David Rainey

President Donald Trump‘s top aides spilled the beans Wednesday about how they convinced him to back off his sky-high tariffs on China. They boasted to The Washington Post that they used data showing how his base of support—in particular truckers and longshoremen—would be hurt by the levies to change his mind.

Federal Reserve Chair Jerome Powell, who Trump recently said he’s considering firing, has a 37% approval rating, beneath the lowest approval ratings for the previous three federal reserve chairs, but above his 36% average approval rating in 2023, Gallup found.

Follow for live updates as Trump continues his Middle East trip in Saudi Arabia and Health and Human Services Secretary Robert F. Kennedy Jr. testifies on Capitol Hill.

Federal Reserve Vice Chair Philip Jefferson said Wednesday that if the tariffs already unveiled by President Trump are sustained it will cause "at least" a temporary increase in inflation.