President Trump has declared multiple national emergencies since taking office. That's helping him act quickly. There are few checks and balances on the emergency powers he's claiming.
India's Prime Minister Narendra Modi, a nationalist criticized over India's democratic backsliding, has welcomed President Trump's return to the White House. India so far has been spared new tariffs.
Vance will likely use the summits to resist further AI regulation while reiterating a common Trump refrain: that military allies need to further ramp up spending that supports NATO and Ukraine.
A tax on all imported steel and aluminum could give a helping hand to domestic steel and aluminum makers, but raise costs for businesses and consumers that buy the metals.
The tariffs from China range from 10% to 15% and are applied to crude oil, liquefied natural gas, farm machinery and select other products from the U.S.
President Trump's threats to impose new tariffs on European goods has led Americans to suddenly stockpile their favorite Italian wines, especially sparkling Prosecco.
Tariffs are now in effect on goods from China, and imports from Canada and Mexico could be next (again). Americans are likely to see higher prices on a wide variety of products as a result.
President Trump wants to impose sweeping tariffs on Canada, Mexico and China. NPR's Steve Inskeep spoke with two economists who unpacked the repercussions for the United States.
The White House says fentanyl smuggled to the U.S. justifies tariffs against Canada, China and Mexico. But fentanyl deaths and smuggling have been dropping fast — and Canada plays almost no role.
The auto industry has built a North American supply chain that ping-pongs parts between the U.S., Mexico and Canada. Tariffs of 25%, if actually imposed, would be costly for buyers and the industry.
President Trump renewed his threat to impose 25% tariffs on imports from Mexico and Canada as early as this weekend. The move could raise prices on everything from gasoline to guacamole.
