American consumers have been facing the reality of President Donald Trump's on-again, off-again import tariffs. Threatened since his 2024 campaign and started in earnest earlier in the year, the president laid out a much broader import tax plan on April 2.

After trying to play hardball with China, Donald Trump decided that he no longer intends to “play hardball” with China.

Trump won the election in part due to frustration with inflation and his promise to lead the U.S. into a new age of growth.