Tariffs have emerged as possibly the defining aspect of Donald Trump's presidency and they're poised to make life a lot harder.

President Donald Trump said he is open to a higher tax rate on the rich in order to help workers, as he seeks to advance what he has previously called a "big, beautiful" tax and spending bill through Congress.

Trump made the statement Friday amid reports he told congressional Republicans to increase taxes on top earners to pay for other tax cuts he’s proposed.

Trump proposed to lower tariffs on Chinese imports to 80% from 145% on eve of negotiations with the country's third-largest trading partner.

Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty