President Donald Trump says chronic U.S. trade deficits are a national emergency. His tax bill will make them worse. The Senate is expected as soon as this weekend to begin voting on the president’s signature legislation, which would extend his 2017 tax cuts and fund enhanced immigration enforcement.

The U.S. president pulled the plug on monthslong negotiations over what he called an “egregious” digital-services tax on U.S. tech companies, plunging relations with America’s second-largest trading partner back into turmoil.