It Is Happening Every Day, Every Where
A textile trade association that has backed President Trump’s trade strategy took issue with Treasury Secretary Scott Bessent’s remark that emphasized “precision manufacturing” over clothing and fabrics.
Most levies on imported cars and car parts will remain in place, but automakers have secured some relaxation of the trade policy.
The move comes as President Trump’s tariffs are reducing shipping volumes and is in addition to 12,000 job cuts last year.
Market chaos and economic uncertainty has been a feature of the president’s first few months back in office. DealBook breaks down the milestones, and what to expect next.
General Motors also said its profit in the first three months of the year fell 7 percent from a year earlier.
The planned concessions to give automakers more time to relocate production to the United States would still leave substantial tariffs on imported cars and car parts.
Each year, hundreds of thousands of Canadians visit the desert city. But tariffs and other attacks on their country by the Trump administration are driving them away.
Skepticism has grown of his efforts to expand his authority and of his handling of issues long seen as strengths for him, including the economy and immigration.
Voters think President Trump has gone too far in wielding his power. They see the start of his term as “scary” and “chaotic.” And while it’s still early, they disapprove of his handling of many issues.
It’s not easy to burn this much good will so fast, and it doesn’t usually get any easier from here.