Trump’s ‘Liberation Day’ Tariffs Are Coming, but at a Cost to U.S. Alliances
President Trump is already showing signs of concern that his targets may team up against him.
It Is Happening Every Day, Every Where
President Trump is already showing signs of concern that his targets may team up against him.
The central bank’s outreach to companies has taken on new significance as the outlook for growth and inflation gets cloudier.
Down-ballot races in Florida and Wisconsin are seen as a referendum on the White House, while the president’s to-be-announced reciprocal tariff plan is increasingly worrying investors and consumers.
The Office of the United States Trade Representative released a report highlighting foreign trade barriers that could influence tariffs the president puts into effect this week.
A White House trade adviser projected that tariffs would raise about $6 trillion over the next decade. But raising so much revenue for the government conflicts with the administration’s goal of reshoring manufacturing.
Treasury Secretary Scott Bessent argues that the American dream is about more than cheap televisions, but inflation-weary consumers might disagree.
The Trump administration has discussed providing financial aid for farmers who may be subject to retaliation by America’s trading partners.
Trust is very hard to build and easy to destroy. America and its partners are caught in a spiral of distrust.
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.
President Trump said he could impose tariffs on nations that buy oil from Russia if it thwarts negotiations for a peace deal in Ukraine. He suggested the same step was possible for Iran.