During the previous Trump administration's trade war with China, production costs soared and manufacturing activity took a significant hit.

Trump’s tariffs, specifically implemented-then-amended barrier taxes on the import of Canadian and Mexican goods, have led to a significant downturn on Wall Street.

President Donald Trump said Thursday that his administration would not consider stock market reaction when hammering out the details of its tariff policy. When asked whether the decision to pause tariffs on many products from Canada and Mexico for one month was due to the stock market,