President Donald Trump’s significant policy changes, including on tariffs, are unlike anything seen in modern history, putting the Federal Reserve in uncharted waters, Chair Jerome Powell said Wednesday.

President Donald Trump hinted that he might temporarily relieve the auto industry from “permanent” tariffs he previously imposed on the business. The president didn't specify how long the potential pause would be or what it would entail,

WASHINGTON ― President Donald Trump said he's considering temporary exemptions from his 25% tariffs on the auto industry to give car companies more time to transition to manufacturing in the U.S. Trump's remarks Monday from the Oval Office came after his administration last week excluded smartphones,

History shows that tariffs to revive U.S. manufacturing, reclaim jobs and counter allegedly unfair trade practices rarely succeed. In today's interconnected world, they're more likely to provoke painful retaliation.

On April 2, 2025, President Donald Trump announced sweeping new tariffs – a 10% levy on nearly all U.S. imports, along with targeted duties aimed at punishing countries he accuses of exploiting American markets.