Senate Democrats are forcing a vote Wednesday evening on whether to block global tariffs announced by Donald Trump earlier this month, a potentially tough vote for some Republicans who have expressed concerns about the policy but are wary of crossing the president.

Stock markets are flat on Wednesday as market uncertainty lingers due to President Donald Trump's tariff campaign.

The U.S. Senate was poised on Wednesday to vote on a resolution to block a host of President Donald Trump's tariffs, hours after the federal government reported that the nation's economy contracted for the first time in three years amid the chaos of the president's tariff policies.

President Donald Trump on Wednesday acknowledged that his tariffs could result in fewer and costlier products in the United States, saying American kids might "have two dolls instead of 30 dolls," but he insisted China will suffer more from his trade war.

Trump acknowledged tariffs could raise prices and limit product variety, but blamed Biden for economic setbacks. As GDP shrinks, Democrats argue Trump's trade policies risk tipping the economy into recession.

President Donald Trump on Wednesday acknowledged that his tariffs could result in fewer and costlier products in the United States, saying American kids might "have two dolls instead of 30 dolls," but he insisted China will suffer more from his trade war.