For months, automakers have been taking a “wait-and-see” approach to the Trump administration’s potential tariffs.

Manufacturers from Asia, Europe and elsewhere have poured billions into North American supply chains that could be hit by new taxes on Mexico, Canada and China.

President Donald Trump's 2024 campaign promise to impose steep tariffs on imports -- including those coming from close U.S. allies -- has some of his fellow Republicans in Congress worried about its potential hit to their home-state economies.

According to Tom Kloza, the global head of energy analysis at Oil Price Information Service, if fuel producers respond to the tariffs by cutting production, gasoline prices in the Midwest could climb 15 to 20 cents a gallon, with more muted effects in other parts of the country.

Tariffs on goods from Mexico and Canada could arrive Saturday. Look for confusion on the border, higher prices and cheers from the steel industry.

President Donald Trump's tariff deadline is looming large, the U.S. reports jobs data and markets are gauging the new AI landscape ahead of major tech firms reporting.

After promising during his election campaign to impose an immediate barrage of tariffs on US imports, President Donald Trump has reiterated his plans to begin with 25% levies on imports from Canada and Mexico on Feb.