President Trump’s sudden reversal on tariffs has ignited fears of insider trading, prompting senators to call for an SEC investigation. In response to rising tensions with China, the EU, under Ursula von der Leyen’s leadership, is forging stronger global trade connections to lessen its reliance on the U.S., as China retaliates with increased tariffs on American products.

President Trump's 25% tariffs on foreign auto imports are set to hit U.S. carmakers hard, with an estimated cost of nearly $108 billion. While the intention is to strengthen domestic manufacturing, the reality could mean soaring consumer prices and potential layoffs as Ford, General Motors, and Stellantis grapple with rising expenses and tangled supply chains.

President Trump's recent tariff changes on foreign auto imports reflect a long-standing tension in U.S.-China trade relations. Historically, tariffs have been used as tools for economic protectionism, notably during the Smoot-Hawley Act of 1930, which exacerbated the Great Depression. Current tariff disputes echo past trade wars, highlighting the ongoing struggle for global economic dominance and the implications for domestic industries.