President Donald Trump’s sweeping tariffs — both those he has threatened and those he has already enacted — have led many economists and American consumers to predict that the US economy could enter a recession while also pushing up inflation.

Gold extended declines for a fourth day, as markets absorbed news that the US trade court has blocked President Donald Trump’s global tariff agenda.

China trade talks after Treasury Secretary Scott Bessent said negotiations stalled.

President Trump announced a pledge to raise tariffs on foreign steel and aluminum imports, saying he’ll double them from 25% to 50%. Axios senior economics reporter Courtenay Brown joins Alex Witt to discuss this impact and Trump’s economic agenda.

The president's plan - where countries face between 11% to more than 100% tariffs on goods brought into the US - was announced in April. But the majority of the tariffs were paused by Trump for 90 days in the wake of stock market volatility.

More uncertainty surrounds President Donald Trump’s tariffs as a new week begins. Meanwhile, the White House is ramping up its halting efforts to secure ceasefires in Gaza and Ukraine. Follow for live updates on the administration.

Hiking tariffs could increase costs for American consumers and manufacturers of a variety of products, such as cars and homes, that use steel.