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Donald Trump's tariffs have yet to revive American manufacturing one year after "Liberation Day", with manufacturers shedding 100,000 jobs and facing compliance costs.
Catch up on global daily news
Compelling long reads
Future-gazing analysis, predictions and speculation
Tune into captivating conversations
Watch engaging short films

Donald Trump's tariffs reached 20% but failed to spark a full trade war as other countries opened markets and struck new deals…

Donald Trump’s tariffs have hurt the factories they were meant to protect

Protectionism is failing to revive manufacturing

Tariff wrangling will stretch through the rest of Donald Trump’s term, and beyond

Uncle Sam’s take may go downhill from here

Six charts show the damage to America, its trading partners and its consumers