The administration says foreign governments are racing to the United States to negotiate, but exactly which countries might strike a deal — and over what — remains unclear.
The administration says foreign governments are racing to the United States to negotiate, but exactly which countries might strike a deal — and over what — remains unclear.
“I know what the hell I’m doing,” President Trump said during his address to the National Republican Congressional Committee in Washington on Tuesday night.
The Port of Los Angeles in San Pedro, Calif. Just hours after stiff levies went into effect on nearly 60 countries, President Trump said that he would pause them for 90 days.
President Trump’s next round of tariffs on major trading partners went into effect just after midnight, bringing levies on China to at least 104 percent.
President Trump’s announcement went beyond most predictions, showing a greater willingness to follow his instincts even when critics — and some allies — consider failure a likely outcome.
President Trump’s approach to tariffs has unsettled many corporate leaders who believed he would use the levies as a negotiating tool. As it turns out, he sees them as an end in themselves.
The president offers many reasons for imposing tariffs, including revenue, leverage over competitors and job creation. But history suggests a more complex history.
Corporate chiefs see “chaos,” and investors see red as the effect of President Trump’s shifting trade policy begins to weigh on board rooms and trading rooms.
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