Mr. Trump's claim about tariffs lowering taxes amounts to "an argument that says, 'If Americans pay more out of their left pocket, the government will be able to put more in their right pocket,'" said Joe Rosenberg, senior fellow at the Urban-Brookings Tax Policy Center, another think tank focused on taxes.

President Donald Trump might want a new, “America First” world, but in the race to control inflation the United States may actually come last. While his tariff hikes are widely expected to jack up prices at home,

United Steel worker Matt Novak and Auto Workers for Trump founder Brian Pannebecker discuss President Donald Trump's plans to bring back jobs on 'Fox News @ Night.'

The global automotive industry has responded in a variety of ways to tariffs imposed by the Trump administration. Some companies ceased imports while others have announced price freezes. Automakers have even gone so far as to announce production shifts.

Some auto workers like James Benson Jr. are all-in on President Donald Trump’s trade war — and they don’t mind if it causes some short-term pain for both Wall Street and Main Street.

Canadian auto parts meeting CUSMA standards are exempt from new U.S. tariffs, providing relief to Canada's auto industry. This exemption safeguards economic growth and jobs in key provinces, reinforcing CUSMA's role as a shield against trade disruptions.