Trump said on Sunday that tariffs may inflict short-term pain on Americans, while global markets reflect concerns they could limit growth and reignite inflation.
The GOP Congress is looking at including employer-provided benefits like free transportation, food and gyms as taxable income as a way to pay for tax cuts.
Canada, Mexico and China responded to Trump's long-promised tariffs on imports, with Canada immediately retaliating. The EU also weighed in with its reaction.
U.S. President Donald Trump said trade tariffs would be imposed on the European Union and U.K., but he signaled that a deal could be worked out with Britain.