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Live from NPR News in Washington, I'm Janine Herbst. World financial markets dropped sharply

this week, and Wall Street had its worst week in five years after President Trump said he's

imposing a new round of 10% tariffs on products from nearly all countries that took effect today.

Other countries could get additional higher tariffs, and Trump implemented 25% tariffs on autos.

In response, China says it's imposing a 34% tax on U.S. goods starting next week.

And peers Ron Elving reports Trump thinks it will be worth it in the long run.

They say the retaliation we're seeing from China and elsewhere will be transitory.

They say our trading partners will knuckle under and lower their own tariffs.

And most important, they say American companies will bring home the jobs that they've shifted overseas

and that other countries will shift their manufacturing to the U.S., creating jobs here

rather than in their own countries.

And Paris Ron Elving reporting.

The Republican-led Senate approved a blueprint for trillions of dollars in spending for tax,

defense, and immigration policy.

NPR's Claudia Grisales reports the House takes it up next, but there are political hurdles.

Congressional Republicans were racing to enact key elements of President Trump's domestic policy.

But Senate and House lawmakers already face some major divides on what that final

multi-trillion dollar measure should look like. It reimagines defense, energy, immigration,

...