After a rift between President Trump and billionaire backer Elon Musk erupted publicly, Washington was assessing the damage to Trump's policy priorities and Musk's businesses.

Right-wing podcaster and former Trump adviser Steve Bannon says Elon Musk "crossed the Rubicon" by calling for impeachment. He says the president should deal with feud as "national security issue."

President Trump and Elon Musk's rift exploded into public view on Thursday over what started out as differences on the president's megabill.

Trump's tariffs slashed farm exports, raised input costs and left farmers reliant on unsustainable bailouts, experts warn.

The U.S. trade deficit narrowed significantly in April as President Donald Trump sharply escalated tariffs before pausing a large swath of the levies, U.S. Commerce Department data on Thursday showed.

Even before Donald Trump’s “Liberation Day” tariffs on April 2nd, the median estimate among the 48 who were surveyed by the University of Chicago’s business school was that Mr Trump’s levies would raise inflation in 2025 by 0.

Though stocks rallied, the temporary deal did not address broader concerns that strain the bilateral relationship, from the illicit fentanyl trade to the status of democratically