President Donald Trump's second-term economic plan can be summed up in one word: tariffs. When his barrage of these import taxes went into overdrive a month ago, markets trembled, and business leaders sounded alarms about the economic damage they would cause.

President Trump said that Beijing was not honoring the terms of a temporary agreement and warned of further confrontation.

Trump credited himself with saving China from “civil unrest” as a result of his high tariffs on the country. Earlier this month, China and the U.S. reached a deal to slash their massive tariffs in the escalating trade war between the two countries.

The clock is ticking for China as the temporary tariff pause with the U.S. nears its end. With trade talks stalled and legal battles ongoing, the looming deadline of July 9 could see the re-imposition of tariffs,

Since taking office, Mr. Trump has raced to enact his economic vision, aiming to pair generous tax cuts with sweeping deregulation that he says will expand America’s economy. He has fashioned his steep, worldwide tariffs as a political cudgel that will raise money, encourage more domestic manufacturing and improve U.S. trade relationships.

President Trump is pushing back on Wall Street's new "TACO" acronym that's being used to describe his economic policies. The acronym stands for "Trump Always Chickens Out." Political strategists Joel Payne and Matt Gorman,

By week’s end, it’ll be much clearer how the US economy is holding up amid President Donald Trump’s sweeping policy changes. Trump’s erratic trade war has already unsettled consumers and taken a toll on economic growth — mostly due to American businesses rushing to stock up on imports.

Elon Musk also said the Republican bill, which passed the House last week, would undermine the work of his DOGE group.