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Whatever you think of President Trump's tariffs, there's one point you have to concede: his interest in them is not a passing whim.
He noted that on Wednesday, in the Rose Garden, when he was announcing the latest, massive round of tariffs. "I've been talking about this for 40 years," he said.
The use of tariffs are a core belief for Donald Trump. Trade deficits are bad, other countries take advantage of the U.S. and tariffs are the way to fix this.
Since the Rose Garden announcement, markets have plunged, other countries have promised to retaliate, and members of his own party have spoken out against the tariffs.
Trump's tariff plan is designed to eliminate U.S. trade deficits. Are trade deficits actually bad?
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President Trump's sweeping tariff announcement triggered a sharp drop in U.S. stock markets, a flashing-red warning sign of the economic fallout that's expected to result from the widening trade war.
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The world is reacting to President Trump's announcement of new tariffs on nearly every country on the planet. The move is meant to re-shape the global trading order and some countries are being hit harder than others. NPR correspondents around the world are hearing anger, dismay, threats of retaliation and bewilderment.
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Following President Trump's announcement of sweeping tariffs on goods imported to the U.S., many world leaders are vowing to impose their own countermeasures. NBC News' Molly Hunter breaks down which countries could be the most affected by the president's tariffs and how world leaders are responding.
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Tech stocks fell in late trading Wednesday following President Donald Trump's announcement of reciprocal tariffs.
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