History shows that tariffs to revive U.S. manufacturing, reclaim jobs and counter allegedly unfair trade practices rarely succeed. In today's interconnected world, they're more likely to provoke painful retaliation.

On April 2, 2025, President Donald Trump announced sweeping new tariffs – a 10% levy on nearly all U.S. imports, along with targeted duties aimed at punishing countries he accuses of exploiting American markets.

President Donald Trump suggested on Monday that he might temporarily exempt the auto industry from tariffs.

President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains. “I’m looking at something to help some of the car companies with it,