President Trump signed an executive order Wednesday directing agency leaders to work with staff from the Department of Government Efficiency (DOGE) to cut costs through contracts, employee travel

Economists say uncertainty from Trump’s tariff threats and mass layoffs of government workers are starting to have a “chilling” effect on the U.S. economy.

President Trump said he plans to impose tariffs on Canada and Mexico starting next week, while also doubling existing tariffs on China. Meantime, the president also is doubling down on his Department of Government Efficiency’s bid to slash federal spending and chop the workforce.