#TrumpTariffs

President Trump is threatening fresh auto tariffs—building on a 25 % duty—to push automakers toward U.S. production. He pointed to GM’s $4 b investment and Hyundai’s $21 b plan as validation . Simultaneously, he’s proposing “take‑it‑or‑leave‑it” reciprocal tariffs on about 150 countries—letters to arrive by July 8 when the current pause ends . Steel and aluminum duties were doubled to 50 % in early June , prompting fears of higher canned-food and auto costs . Despite inflation remaining tame at ~2.4 % and steady job gains, economists caution escalating tariffs could slow growth, raise consumer prices, and drag on global markets.