Key Takeaways Forecasters expect the economic shockwave from President Donald Trump's trade wars to hit the economy soon, as reflected in "hard data" such as unemployment and inflation statistics.Some forecasts show inflation rising first,

U.S. President Donald Trump on Friday expressed support for Nippon Steel's $14.9 billion bid for U.S. Steel, saying their "planned partnership" would create jobs and help the American economy. Shares of U.

Further into the future, the bill will likely saddle America with a higher fiscal deficit, as tax cuts are coupled with increased spending on defense.