Part 2/12:
In his early administration, President Trump announced various tariffs, including 25% on steel and aluminum imports and a 10% levy on several goods from China. The administration contended that these tariffs aim to revive American manufacturing, essentially claiming they would bring back jobs. However, this rhetoric is juxtaposed with the apprehension voiced by industry leaders like Ford CEO Jim Farley. Farley warned that the continuation of these tariffs would lead to increased costs, lost jobs, and pressure on the auto sector.