It Is Happening Every Day, Every Where
The president said he “couldn’t care less” if automakers rose prices in response to planned tariffs, reasoning that buyers would choose U.S.-made cars over foreign brands.
Without advance notice to Canada, the U.S. president put the auto industry into turmoil with a 25 percent tariff.
Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.
More than 80 Teslas were damaged in Hamilton, Ontario, the police said, amid other acts of vandalism against the company owned by Elon Musk.
Aerospace companies are big exporters but also very reliant on a global supply chain, making them vulnerable.
Tariffs, tax credits and deregulation are among the industry’s top priorities.
President Trump’s approach to tariffs has unsettled many corporate leaders who believed he would use the levies as a negotiating tool. As it turns out, he sees them as an end in themselves.
Energy executives meeting in Houston expressed concerns about President Trump’s trade and economic policy even as they praised him and his administration.
The president offers many reasons for imposing tariffs, including revenue, leverage over competitors and job creation. But history suggests a more complex history.
Secretary of State Marco Rubio said top diplomats from the Group of 7 allies meeting in Canada should focus on ending the war. And he shrugged off President Trump’s threats to annex Canada.