President Donald Trump's tariffs sparked recession alarm, but data shows a solid economy. Apparent economic strength owes in part to lag in data, experts said.

Concern over the economic fallout from US President Donald Trump's global tariffs mounted Wednesday, with Fed Chair Jerome Powell's warning of higher inflation sending stock markets tumbling.

President Donald Trump said Thursday that he expects an agreement "over the next three to four weeks" to end the escalating trade war with China.

Trump added he would delay a deal on TikTok until the trade issue with China is worked out. He told reporters U.S. tariffs on Chinese goods might not go higher and may even go lower.

"There will be a trade deal 100%," Trump said ahead of a luncheon at the White House with Italian Prime Minister Giorgia Meloni. "I fully expect it."

President Donald Trump has slammed Federal Reserve Chair Jerome Powell, reiterating his frustration the Fed has not aggressively cut interest rates and saying the central bank leader’s “termination cannot come fast enough.

President Donald Trump said Federal Reserve chair Jerome Powell's "termination cannot come fast enough" in a Truth Social post.