With Car Tariffs, Trump Puts His Unorthodox Trade Theory to the Test
With sweeping auto levies, the president is putting his beliefs about tariffs into practice on the global economy. Economists aren’t optimistic.
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With sweeping auto levies, the president is putting his beliefs about tariffs into practice on the global economy. Economists aren’t optimistic.
Experts say the 25 percent import fee will make many cars more expensive, but it is not clear when, by how much or which models.
Leaders in both countries warned that tariffs would fan inflation in the United States and upend global supply chains.
Referring to a little-known provision, it said power plants and others could write to seek exemptions to mercury and other restrictions and that “the president will make a decision.”
David Zaslav promised to revive the storied film studio when he took over Warner Bros. Discovery. That was three years ago.
The showdown catapults the interstate abortion wars to a new level.
Mark Lowen was detained in Istanbul after reporting on unrest prompted by the arrest of a rival of President Recep Tayyip Erdogan, the broadcaster said.
The U.S. levies are likely to disrupt the complex supply chains of major carmakers, hitting companies that export vehicles from Mexico, Canada, Japan, South Korea and Germany.
A FEMA funding freeze illustrates the extraordinary power of Elon Musk and DOGE, who have made claims of undue benefits for undocumented immigrants and spurred swift action by federal officials.
Elon Musk’s pursuit of business expansion in the country through Tesla and Starlink is coming at the same time that his X platform is waging a fight over free speech.