Forecasters at the Congressional Budget Office say President Trump's tariffs could shave $2.8 trillion off the federal debt if they remain in place for a decade. That's a big if.

Goods brought into the US plunged by 20% in April, recording their largest ever monthly drop in the face of a wave of tariffs unleashed by US President Donald Trump. The retreat reflects the abrupt hit to trade,

US imports of foreign made goods fell sharply in April compared with the previous month, as tariffs clamped down on global trade. Much of the 16.3 percent drop from March, however, reflected the fact that importers rushed to bring many goods into the United States at the beginning of the year to get ahead of tariffs ordered by President Trump.