Trump’s partial tariff retreat still leaves most import taxes in place, and the Congressional Republican tax cut plans won’t offset them.

US President Donald Trump has made extending the tax cuts introduced by the 2017 Tax Cuts and Jobs Act a top priority this year. On April 10, after weeks of negotiations, Republicans in Congress agreed on the framework of a bill to make them permanent.

The trade battle continues between the U.S. and China as both countries impose higher tariffs TSMC announced an additional $100 billion investment in the U.S. in March. The commander of a U.S. Space Force base in Greenland has been fired after she sent a base-wide email breaking with official messaging following Vice President JD Vance’s visit to the Danish territory that President Donald Trump is seeking to annex.