Meanwhile, president of National Foreign Trade Council warns: “This can't be a mechanism to start raising tariffs on everything. There'd be no end to it.”
CBO projects that recent tax cuts and spending increases will push the federal budget deficit past the $1 trillion milestone two years earlier than expected.
European Commission President: EU is prepared to respond by targeting imports of Harley-Davidson Inc. motorbikes, Levi Strauss & Co. jeans, and U.S. bourbon whiskey.