"Businesses pulled forward needed industrial supplies and retailers stocked their shelves with consumer goods in March ahead of tariffs," economists at Wells Fargo wrote in a ...
Trump, who has slammed free trade deals from his first presidential campaign in 2016, has embraced tariffs as necessary to spur more auto manufacturing in the United States.
"Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately...
The U.S. president believes his policy will revive America's lost manufacturing base by forcing companies to relocate to the United States. But many business experts and economists...
"This is Liberation Day," Trump said, adding that it would "forever be remembered as the day American industry was reborn, the day America's destiny was reclaimed."
Trump's steel and aluminum tariffs will likely balloon costs of producing goods from home appliances to automobiles and cans used for drinks, threatening to raise consumer prices...