Peter Navarro, a senior White House trade adviser, defended President Trump’s tariffs, but the Treasury secretary said the U.S. might be ready to negotiate.

White House economic adviser Stephen Miran on Monday encouraged countries hoping to escape high reciprocal U.S. tariff rates to make offers to President Donald Trump, saying the president would welcome moves to lower barriers to U.

Top White House trade adviser Peter Navarro on Monday “guaranteed” that the US will not plunge into a recession under President Trump and claimed there would be no inflation despite ongoing fallout from his “Liberation Day” tariffs.

U.S. President Donald Trump threatened to further increase tariffs on China on Monday, raising the possibility of further escalation in a trade war that has already wiped trillions of dollars from global markets.

The president said he would not quickly reverse last week’s steep tariffs, which have sparked pushback and roiled markets.

The US president says he will introduce the additional tariff unless China withdraws its own 34% counter-tariff on American goods.

A bogus rumor that President Donald Trump was considering a pause in tariffs briefly lifted markets Monday before the White House shot down the unfounded reports

Major stock indexes were down but off the lows of the day in choppy trading on Monday as the White House denied a report that U.S. President Donald Trump is considering a 90-day pause in tariffs for all countries except China.

The White House denies reports of a possible 90-day suspension of tariffs imposed by Donald Trump. "That's fake news," said spokeswoman Karoline Leavitt, quoted by CNBC. What do you need to know? The White House denied information about a planned 90-day suspension of tariffs imposed by Donald Trump.

Trump has insisted his tariffs are necessary to rebalance global trade and rebuild domestic manufacturing. He's singled out China as “the biggest abuser of them all” and criticized Beijing for increasing its own tariffs in retaliation.

A bogus rumor that President Donald Trump was considering a pause in tariffs briefly lifted markets Monday before the White House shot down the unfounded reports. The confusion — which was amplified on social media and by some traditional media outlets — lasted less than a half hour but reflected a jittery mood on Wall Street as stocks plunged over worries that Trump’s tariffs could torpedo the global economy.

By The Associated Press Asian markets plunged on Monday following last week’s two-day meltdown on Wall Street, and President Donald Trump said he won’t back down on the sweeping new