menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

The Memo: Trump’s turbulent tariff moves pose risks with voters

4 17
06.03.2025

President Trump eased his newest tariffs on Wednesday after two days during which those levies roiled financial markets.

But the latest tweak only adds to the uncertainty over what Trump’s longer-term policy will be.

The shadows of doubt — and the belief even among many conservatives that sweeping tariffs will raise prices for American consumers — pose real political dangers for the president.

White House press secretary Karoline Leavitt confirmed to reporters Wednesday that Trump would exempt the three major automakers — General Motors, Ford and Stellantis — from paying tariffs on imports from Canada and Mexico for one month.

But that was a modest-sized asterisk next to Trump’s imposition, starting Tuesday, of 25 percent tariffs on imports from Mexico and Canada, and a doubling of tariffs on Chinese imports from 10 percent to 20 percent.

A near-immediate compromise deal on those tariffs, flagged as a possibility on Tuesday by Commerce Secretary Howard Lutnick, had not materialized at the time of going to press Wednesday.

Now, huge swathes of the economy are on a roller-coaster ride, waiting to see whether there are more exemptions for specific industries, whether Trump will suspend the tariffs once again and, if he does not, how the nations affected will respond.

China hit back at this week’s tariff announcement threatening that “if war is what the U.S. wants, be it a tariff war, a trade war, or any other type of war, we’re ready........

© The Hill