President Donald Trump gestures to the crowd as he departs after welcoming the 2025 College Football National Champions, the Ohio State University football team, during an event on the South Lawn of the White House, Monday, April 14, 2025, in Washington.
President Donald Trump says he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains. Trump told reporters gathered in the Oval Office on Monday automakers “need a little bit of time†to relocate production to the U.S. The Republican president's statement hints at yet another round of reversals on tariffs. Trump’s onslaught of import taxes has panicked financial markets and raised deep concerns from Wall Street economists about a possible recession. The chief economist for the Northern Trust global financial firm warns damage to consumer, business and market confidence may be irreversible.
President Donald Trump says he's joining his economic advisers for White House negotiations over tariffs and trade with a Japanese official. Trump recently announced a round of global tariffs but quickly paused them for 90 days after the markets tanked and recession fears mounted. Japan's 24% across-the-board tariff is on hold. A 10% baseline tariff and a 25% tariff on cars, auto parts, steel and aluminum exports to the U.S. remain in place. Chinese President Xi Jinping is visiting Southeast Asia nations and promoting his country as a more reliable trade partner. Federal Reserve Chair Jerome Powell warned on Wednesday that Trump’s tariff policies would hurt the U.S. economy.
A federal judge is set to hear arguments in lawsuits seeking to block President Donald Trump’s recent executive order on elections. At issue in Thursday’s hearing in Washington, D.C., is whether the judge should grant a preliminary injunction blocking the order as the cases play out. The Democratic National Committee, the League of United Latin American Citizens, the League of Women Voters Education Fund and others argue Trump’s sweeping effort to overhaul elections violates the Constitution. The Republican president's executive order aims to mandate major changes to election processes, including adding a proof-of-citizenship requirement to the federal voter registration form and tightening mail ballot deadlines.
