Inflation cooled more than expected in March despite President Donald Trump's warnings that he would impose more tariffs. The consumer price index increased 2.4% from a year prior compared to the forecast of 2.

President Donald Trump's decision to pause so-called "reciprocal tariffs" for most countries triggered a historic stock market rally on Wednesday, but the levies that remain in place are still expected to hike prices and put the U.S. at risk of a recession, experts told ABC News.

Newsweek's tracker currently shows Trump's approval rating at one of its lowest levels yet, with 45 percent approving and 50 percent disapproving, giving him a net approval of -5 points. On April 1, Trump's net approval rating was -2 points, with 47 approving and 49 percent disapproving.

Presidential approval ratings show Americans' views during each term. See how the latest polls scored Donald Trump and how tariffs affected ratings.