Trump says tariffs increase the amount of tax raised by the government, encourage consumers to buy more American-made goods and boost investment in the US. He wants to reduce the US trade deficit - the gap between the value of goods it buys from other countries and those it sells to them.

As Mr. Trump took to the stage, he touted the economy and also his victory in the 2024 election in Michigan. Mr. Trump called the event the "easiest speech I've had to make" because "all I'm doing is spewing off what the hell we've done."

A look at what's ahead in US trade policy, and how to get in front of it with sourcing, storage, refunds and more.

Politicians talk a lot about tariffs, and much of what they say boils down to a simple question: Who pays? President Trump has insisted repeatedly that foreign countries will foot the bill for American tariffs.

The Trump administration delayed planned tariff hikes on furniture, while sharply reducing proposed 90% duties on Italian pasta.

Since tariffs stepped in, the Eurozone has struggled with exports and hasn't even retaliated to them. A passive approach that shows off all its weaknesses and, above all, is sinking the economy of its major member: Germany.

Mexico’s heavy-duty vehicle industry experienced its worst year since the pandemic in 2020, registering historic drops.

A $2,000 tariff dividend check could reach middle- and lower-income Americans in 2026, though Supreme Court rulings and Congress may decide its fate.

An oil tanker seized by Iran two years ago was released, with satellite images showing the vessel off the coast of Oman, against a backdrop of mounting US pressure on the Persian Gulf state.