Stock and bond markets are sitting on a knife’s edge of doubt over the Trump administration’s tariffs and the impact of Congress’ budget bill on the federal deficit. Bond-rating agency Moody’s last week downgraded America’s credit worthiness.

Wall Street is assessing President Trump''s tariff salvo on Apple and what his giant tax bill means for the deficit and the economy.

Tariffs are coming down, and the market is getting excited. Since the U.S. and China announced a tariff deal, the S&P 500 (SNPINDEX: ^GSPC) is up 5%, bringing it back into a year-to-date gain. U.S. companies are also still cautioning about how tariffs could affect their businesses.

Trump avoids repeating Herbert Hoover’s Smoot-Hawley tariff mistake, which led to companies slashing dividend payouts.

“The White House announcement that it has reached an agreement with China that will drastically curtail tariffs on each nation’s goods is a positive step as the two countries work to reach a long-term, mutually beneficial trade pact," says National Association of Home Builders Chairman Buddy Hughes.

Asian stocks rose early Friday as U.S. Treasury yields eased after a rocky week due to worries in the bond market over mounting U.S. government debt. The yield of the 10-year Treasury shed 0.6% to 4.52% while the two-year yield,

BJ’s maintained its guidance while the broader retail sector is wrestling with the fallout from the Trump administration’s sweeping wave of tariffs.

Thanks to Trump's tariffs, prices for guitars and other musical instruments are about to go up. That's bad news for beginners and pro musicians.