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.