New tariffs drive fears of rising car prices in the U.S.
The White House describes the tariffs as a response to inadequate border and drug enforcement. They are forecast to add thousands of dollars to the price of vehicles.
Tariffs
Canada and China retaliate after Trump's tariffs take effect
Canada and China hit back swiftly after Trump's sweeping tariffs took effect Tuesday, raising fears of a global trade war. International markets, meanwhile, continued to slide.
Trump says new tariffs will cut U.S. drug deaths but fatal overdoses were already plummeting
President Trump cited outdated drug overdose data to justify tariffs against Canada, China, and Mexico. He also offered no evidence Canada is fueling the U.S. drug crisis.
Trump shifts date for Canada and Mexico tariffs — again
Little about how Trump discusses tariffs is normal — not only because he threatens tariffs on a weekly, even daily, basis, but also because it's often unclear if or when those tariffs will happen.
How Trump's tariffs on steel and aluminum could hit you at the grocery store
U.S. tariffs could cause the prices of steel and aluminum cans to rise, an increase that may ultimately be passed on to consumers.
President Trump is testing the limits of emergency powers — again
President Trump has declared multiple national emergencies since taking office. That's helping him act quickly. There are few checks and balances on the emergency powers he's claiming.
Modi and Trump's rapport may be tested as Indian prime minister visits Washington
India's Prime Minister Narendra Modi, a nationalist criticized over India's democratic backsliding, has welcomed President Trump's return to the White House. India so far has been spared new tariffs.
Why economists got free trade with China so wrong
The "China Shock" is revisited, and it raises questions about why economists failed to see the costs of free trade.
Vance to attend international AI and security summits as Ukraine war and tariffs loom
Vance will likely use the summits to resist further AI regulation while reiterating a common Trump refrain: that military allies need to further ramp up spending that supports NATO and Ukraine.
Trump says he will impose a 25% tariff on aluminum and steel imports
A tax on all imported steel and aluminum could give a helping hand to domestic steel and aluminum makers, but raise costs for businesses and consumers that buy the metals.