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The Trump administration has said a flood of imports threaten some American industries.
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Republican Randy Fine wins special election for deep-red House seat in Florida NBC NewsFlorida Special Election Results 2025 The New York TimesLive updates: Trump tariff news and electoral tests in Wisconsin and Florida CNNLive results: Florida special elections to replace Gaetz and Waltz PBSFlorida Republican defeats Democrat in US House
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S&P 500 closes higher to start new quarter as traders await Trump's tariff rollout: Live updates CNBCS&P 500 Wipes Out Gain as Tariff Anxiety Brews: Markets Wrap Bloomberg.comStocks edge higher, gold soars as markets eye Trump tariffs ReutersMarket closes higher in run-up to Trump's tariff announcement QuartzStock market today: More swerves hit Wall Street as Trump's "Liberation Day" nears
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Several automakers reported strong first-quarter sales, suggesting buyers are snapping up new vehicles before tariffs on auto imports take effect.
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In President Donald Trump's telling, tariffs are the political equivalent of duct tape: you can use them to fix anything.
For example, they're a negotiating tool — he used the threat of tariffs to pressure Canada and Mexico to implement border policies he liked. He also sees tariffs as a revenue source that might help offset his proposed $4.5 trillion in tax cuts and as a shield to protect American manufacturing jobs from overseas competition.
With all of these potentially conflicting aims, and with another major round of tariffs expected to be announced on Wednesday, what is the strategy behind them?
Rana Foroohar, a Financial Times columnist and the author of Homecoming: The Path to Prosperity in a Post-Global World, says they're an "experiment" that could lead to a big change in the way the global economy works.
For sponsor-free episodes of Consider This, sign up for Consider This via Apple Podcasts or at plus.npr.org.
Email us at considerthis@npr.org.
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As the U.S. president weighs increasing tariffs on imports, economists find that prices across many categories could rise as a result.
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White House trade adviser Peter Navarro said tariffs would raise about $600 billion to $700 billion a year. Economists say that's nearly impossible.
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President Donald Trump is set Wednesday to begin the biggest gamble of his nascent second term.
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The president did not reveal the details of his plan to impose reciprocal tariffs the same day, but suggested he would move ahead with import taxes on trading partners.
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Trump's upcoming tariffs 'will be effective immediately,' White House says CNBCTrump's ‘Liberation Day' tariffs will go into effect immediately, White House says CNNTrump's tariff gambit will raise the stakes for an economy already looking fragile CNBC
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Business leaders and investors remain on edge ahead of President Trump's expected announcement of a sweeping new round of tariffs.
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