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data-testid=\"imageContainer-children-Image\"><picture><source media=\"(max-width: 599px) and (min-device-pixel-ratio: 3),(max-width: 599px) and (min-resolution: 3dppx),(max-width: 599px) and (min-resolution: 288dpi)\" srcSet=\"https:\/\/static01.nyt.com\/images\/2025\/03\/12\/multimedia\/12dc-trump-topart-jmfl\/12dc-trump-topart-jmfl-mobileMasterAt3x.jpg?quality=75&auto=webp&disable=upscale&width=1800\"\/><source media=\"(max-width: 599px) and (min-device-pixel-ratio: 2),(max-width: 599px) and (min-resolution: 2dppx),(max-width: 599px) and (min-resolution: 192dpi)\" srcSet=\"https:\/\/static01.nyt.com\/images\/2025\/03\/12\/multimedia\/12dc-trump-topart-jmfl\/12dc-trump-topart-jmfl-mobileMasterAt3x.jpg?quality=75&auto=webp&disable=upscale&width=1200\"\/><source media=\"(max-width: 599px) and (min-device-pixel-ratio: 1),(max-width: 599px) and (min-resolution: 1dppx),(max-width: 599px) and (min-resolution: 96dpi)\" srcSet=\"https:\/\/static01.nyt.com\/images\/2025\/03\/12\/multimedia\/12dc-trump-topart-jmfl\/12dc-trump-topart-jmfl-mobileMasterAt3x.jpg?quality=75&auto=webp&disable=upscale&width=600\"\/><img alt=\"President Trump, wearing a blue suit and red tie, against a backdrop of flags and gold curtains.\" class=\"css-rq4mmj\" src=\"https:\/\/static01.nyt.com\/images\/2025\/03\/12\/multimedia\/12dc-trump-topart-jmfl\/12dc-trump-topart-jmfl-articleLarge.jpg?quality=75&auto=webp&disable=upscale\" srcSet=\"https:\/\/static01.nyt.com\/images\/2025\/03\/12\/multimedia\/12dc-trump-topart-jmfl\/12dc-trump-topart-jmfl-articleLarge.jpg?quality=75&auto=webp 600w,https:\/\/static01.nyt.com\/images\/2025\/03\/12\/multimedia\/12dc-trump-topart-jmfl\/12dc-trump-topart-jmfl-jumbo.jpg?quality=75&auto=webp 1024w,https:\/\/static01.nyt.com\/images\/2025\/03\/12\/multimedia\/12dc-trump-topart-jmfl\/12dc-trump-topart-jmfl-superJumbo.jpg?quality=75&auto=webp 2048w\" sizes=\"((min-width: 600px) and (max-width: 1004px)) 84vw, (min-width: 1005px) 60vw, 100vw\" decoding=\"async\" width=\"600\" height=\"400\"\/><\/picture><\/div><figcaption data-testid=\"photoviewer-children-ImageCaption\" class=\"css-ktho12 e3rygrp0\"><span class=\"css-jevhma e13ogyst0\">President Trump has acknowledged in recent days that the United States may be headed into a recession, even as he doubles down on imposing tariffs on Canada, Mexico, China and the European Union.<\/span><span class=\"css-14fe1uy e1z0qqy90\"><span class=\"css-1ly73wi e1tej78p0\">Credit...<\/span><span><span aria-hidden=\"false\">Maansi Srivastava for The New York Times<\/span><\/span><\/span><\/figcaption><\/figure><\/div><div class=\"css-p6m5rf\"><div class=\"byline-container css-1u5onbp epjyd6m2\"><div class=\"css-165eim7 ey68jwv0\" aria-hidden=\"true\"><a href=\"https:\/\/www.nytimes.com\/by\/david-e-sanger\" class=\"css-uwwqev\"><img alt=\"David E. Sanger\" title=\"David E. Sanger\" src=\"https:\/\/static01.nyt.com\/images\/2018\/10\/03\/multimedia\/author-david-e-sanger\/author-david-e-sanger-thumbLarge.png\" class=\"css-dc6zx6 ey68jwv2\"\/><\/a><\/div><div class=\"css-233int epjyd6m1\"><p class=\"css-4anu6l e1jsehar1\"><span class=\"byline-prefix\">By <\/span><a href=\"https:\/\/www.nytimes.com\/by\/david-e-sanger\" class=\"last-byline css-ojhyzr e1jsehar0\" itemProp=\"name\">David E. Sanger<\/a><\/p><div class=\"css-gqryk5 epjyd6m0\"><div id=\"enhanced-byline\" class=\"css-8atqhb\"><p class=\"css-1hyokyd e1wtpvyy0\">David E. Sanger has covered five presidents in four decades as a New York Times reporter. He often writes about the confluence of technology and politics.<\/p><\/div><\/div><\/div><\/div><\/div><div class=\"css-1c72mta\"><time class=\"css-kx0gap e16638kd0\" dateTime=\"2025-03-13T00:01:16-04:00\">March 13, 2025, <span class=\"css-epvm6\">12:01 a.m. ET<\/span><\/time><\/div><\/header><div id=\"NYT_ABOVE_MAIN_CONTENT_REGION\" data-testid=\"region\"><\/div><section name=\"articleBody\" class=\"meteredContent css-1r7ky0e\"><div class=\"css-s99gbd StoryBodyCompanionColumn\" data-testid=\"companionColumn-0\"><div class=\"css-53u6y8\"><p class=\"css-at9mc1 evys1bk0\">President Trump\u2019s simultaneous trade wars with Canada, Mexico, China and the European Union amount to a huge economic and political gamble: that Americans will endure months or years of economic pain in return for the distant hope of re-industrializing the American heartland.<\/p><p class=\"css-at9mc1 evys1bk0\">It is enormously risky. In recent days, Mr. Trump has acknowledged, despite all his confident campaign predictions that \u201cwe are going to boom like we have never boomed before,\u201d that the United States may be headed into a recession, fueled by his economic agenda. But in public and private he has been arguing that \u201ca little disturbance\u201d in the economy and the markets is a small price to pay for bringing manufacturing jobs back to America.<\/p><p class=\"css-at9mc1 evys1bk0\">His closest political partners are doubling down on the strategy. \u201cPresident Trump\u2019s economic policies are simple,\u201d Vice President JD Vance wrote on social media on Monday. \u201cIf you invest in and create jobs in America, you\u2019ll be rewarded. We\u2019ll lower regulations and reduce taxes. But if you build outside of the United States, you\u2019re on your own.\u201d<\/p><p class=\"css-at9mc1 evys1bk0\">The last time Mr. Trump tried something like this, during his first term, it was a failure. In 2018 he put 25 percent tariffs on steel and 10 percent tariffs on aluminum, maintaining that he was protecting America\u2019s national security and that the tariffs would ultimately create more jobs in the United States. Prices jumped, and there was a temporary increase of about 5,000 jobs nationwide. During the pandemic, some of the tariffs were lifted, and today the industry employs roughly the number of Americans it did then.<\/p><\/div><aside class=\"css-ew4tgv\" aria-label=\"companion column\"><\/aside><\/div><div data-testid=\"Dropzone-1\"><\/div><div class=\"css-s99gbd StoryBodyCompanionColumn\" data-testid=\"companionColumn-1\"><div class=\"css-53u6y8\"><p class=\"css-at9mc1 evys1bk0\">More worrisome, though, were the raft of studies that followed showing that the country <a class=\"css-yywogo\" href=\"https:\/\/www.cfr.org\/article\/what-trumps-aluminum-and-steel-tariffs-will-mean-six-charts\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">lost tens of thousands of jobs<\/a> \u2014 upward of 75,000, by one study \u2014 in the industries that were dependent on steel and aluminum imports. The output per hour for American steel makers had also dropped, while productivity for manufacturing overall in the United States rose.<\/p><p class=\"css-at9mc1 evys1bk0\">The experiment Mr. Trump is attempting now is far larger. And the retaliatory tariffs that are being imposed on U.S. manufacturers \u2014 with the Europeans aiming at Kentucky bourbon, as well as boats and Harley-Davidson motorcycles made in swing states like Michigan and Pennsylvania \u2014 are exquisitely designed to cause pain in places where Mr. Trump\u2019s supporters will feel it the most.<\/p><div class=\"css-1336jj\"><div class=\"css-121kum4\"><div class=\"css-171quhb\"><\/div><div class=\"css-asuuk5\"><noscript><div class=\"css-7axq9l\" data-testid=\"optimistic-truncator-noscript\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" class=\"css-1b5b8u1\"><path fill=\"currentColor\" fill-rule=\"evenodd\" d=\"M2.5 12a9.5 9.5 0 1 1 19 0 9.5 9.5 0 0 1-19 0Zm8.5 1.75v-7.5h2v7.5h-2Zm0 2v2h2v-2h-2Z\" clip-rule=\"evenodd\"><\/path><\/svg><div data-testid=\"optimistic-truncator-noscript-message\" class=\"css-6yo1no\"><p class=\"css-3kpklk\">We are having trouble retrieving the article content.<\/p><p class=\"css-3kpklk\">Please enable JavaScript in your browser settings.<\/p><\/div><\/div><\/noscript><div class=\"css-1dv1kvn\" id=\"optimistic-truncator-a11y\" tabindex=\"-1\"><hr\/><p>Thank you for your patience while we verify access. 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class=\\\"s-Ttwn9hVIv4o3\\\"\\u003E \\u003Cli class=\\\"s-Ttwn9hVIv4o3\\\"\\u003E\\u003Ca href=\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002Flive\\u002F2025\\u002F02\\u002F07\\u002Fus\\u002Ftrump-administration-updates\\u002F7ea13d34-5040-5baa-b502-9055a9ef2528?smid=url-share\\\" class=\\\"s-Ttwn9hVIv4o3\\\"\\u003E\\u003Cspan class=\\\"date s-Ttwn9hVIv4o3\\\"\\u003EFeb. 7\\u003C\\u002Fspan\\u003E \\u003Cspan class=\\\"hed s-Ttwn9hVIv4o3\\\"\\u003ETemporarily walked back the suspension of de minimis, a type of duty-free treatment \u00a0\u203a\\n\\t\\t\\t\\t\\t\\t\\u003C\\u002Fspan\\u003E\\u003C\\u002Fa\\u003E \\u003C\\u002Fli\\u003E \\u003Cli class=\\\"s-Ttwn9hVIv4o3\\\"\\u003E\\u003Ca href=\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002F2025\\u002F02\\u002F04\\u002Fbusiness\\u002Fusps-china-de-minimis.html\\\" class=\\\"s-Ttwn9hVIv4o3\\\"\\u003E\\u003Cspan class=\\\"date s-Ttwn9hVIv4o3\\\"\\u003EFeb. 5\\u003C\\u002Fspan\\u003E \\u003Cspan class=\\\"hed s-Ttwn9hVIv4o3\\\"\\u003EReversed decision to halt deliveries from China and Hong Kong\u00a0\u203a\\n\\t\\t\\t\\t\\t\\t\\u003C\\u002Fspan\\u003E\\u003C\\u002Fa\\u003E \\u003C\\u002Fli\\u003E \\u003Cli class=\\\"s-Ttwn9hVIv4o3\\\"\\u003E\\u003Ca href=\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002F2025\\u002F02\\u002F04\\u002Fbusiness\\u002Fusps-china-de-minimis.html\\\" class=\\\"s-Ttwn9hVIv4o3\\\"\\u003E\\u003Cspan class=\\\"date s-Ttwn9hVIv4o3\\\"\\u003EFeb. 4\\u003C\\u002Fspan\\u003E \\u003Cspan class=\\\"hed s-Ttwn9hVIv4o3\\\"\\u003EHalted deliveries to the U.S. from China and Hong Kong\u00a0\u203a\\n\\t\\t\\t\\t\\t\\t\\u003C\\u002Fspan\\u003E\\u003C\\u002Fa\\u003E \\u003C\\u002Fli\\u003E \\u003Cli class=\\\"s-Ttwn9hVIv4o3\\\"\\u003E\\u003Ca href=\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002Flive\\u002F2025\\u002F02\\u002F03\\u002Fus\\u002Ftrump-tariffs\\u002Fc125e911-dd19-5a0c-a1ca-1cb8cbf261da?smid=url-share\\\" class=\\\"s-Ttwn9hVIv4o3\\\"\\u003E\\u003Cspan class=\\\"date s-Ttwn9hVIv4o3\\\"\\u003EFeb. 3\\u003C\\u002Fspan\\u003E \\u003Cspan class=\\\"hed s-Ttwn9hVIv4o3\\\"\\u003EDescribed 10% tariffs against China as just \u201can opening salvo\u201d\u00a0\u203a\\n\\t\\t\\t\\t\\t\\t\\u003C\\u002Fspan\\u003E\\u003C\\u002Fa\\u003E \\u003C\\u002Fli\\u003E \\u003Cli class=\\\"s-Ttwn9hVIv4o3\\\"\\u003E\\u003Ca href=\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002F2025\\u002F02\\u002F01\\u002Fus\\u002Fpolitics\\u002Fcanada-mexico-china-trump-tariffs.html\\\" class=\\\"s-Ttwn9hVIv4o3\\\"\\u003E\\u003Cspan class=\\\"date s-Ttwn9hVIv4o3\\\"\\u003EFeb. 1\\u003C\\u002Fspan\\u003E \\u003Cspan class=\\\"hed s-Ttwn9hVIv4o3\\\"\\u003EOfficially announced tariffs on imports from China\u00a0\u203a\\n\\t\\t\\t\\t\\t\\t\\u003C\\u002Fspan\\u003E\\u003C\\u002Fa\\u003E \\u003C\\u002Fli\\u003E\\u003C\\u002Ful\\u003E \\u003C\\u002Fdiv\\u003E \\u003C\\u002Fdiv\\u003E \\u003Ca class=\\\"sentence s-Vsx0YhizbHAW\\\" 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g-dark-mode-compatible\\\"\\n\\t\\t\\tdata-preview-slug=\\\"2025-01-28-trump-100-days\\\"\\n\\t\\t\\tdata-birdkit-hydrate=\\\"85df3fa950f399df\\\"\\n\\t\\t\\u003E\\t\\n\\t\\t\\t\\n\\t \\u003Cfigure class=\\\"g-wrapper s-R-dD4RYwg09O g-needs-margin-block\\\" style=\\\"\\\"\\u003E \\u003Cdiv class=\\\"g-block g-block-margin s-dUbV-3JG2FNx g-margin-inline\\\" style=\\\"\\\"\\u003E\\u003Cdiv class=\\\"g-block-width g-max-width-body s-dUbV-3JG2FNx\\\"\\u003E \\u003Cdiv class=\\\"container s-Vsx0YhizbHAW\\\"\\u003E\\u003Ca href=\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002Finteractive\\u002F2025\\u002Fus\\u002Ftrump-agenda-2025.html\\\" class=\\\"leadin s-Vsx0YhizbHAW\\\"\\u003ETracking Trump\u2019s First 100 Days\u00a0\u203a\\u003C\\u002Fa\\u003E \\u003Cdiv class=\\\"thread_header s-Vsx0YhizbHAW\\\"\\u003EThe Trump administration\u2019s previous actions on North American tariffs\\u003C\\u002Fdiv\\u003E \\u003Cdiv class=\\\"thread s-Ttwn9hVIv4o3\\\"\\u003E \\u003Cdiv\\u003E\\u003Cul class=\\\"s-Ttwn9hVIv4o3\\\"\\u003E \\u003Cli class=\\\"s-Ttwn9hVIv4o3 canShowMore\\\"\\u003E\\u003Ca href=\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002F2025\\u002F03\\u002F11\\u002Fus\\u002Fpolitics\\u002Ftrump-canada-registration-immigration.html\\\" class=\\\"s-Ttwn9hVIv4o3\\\"\\u003E\\u003Cspan class=\\\"date s-Ttwn9hVIv4o3\\\"\\u003EMarch 11\\u003C\\u002Fspan\\u003E \\u003Cspan class=\\\"hed s-Ttwn9hVIv4o3\\\"\\u003ENotified Canada that its citizens would need to register when crossing the border into the United States\u00a0\u203a\\n\\t\\t\\t\\t\\t\\t\\u003C\\u002Fspan\\u003E\\u003C\\u002Fa\\u003E \\u003C\\u002Fli\\u003E \\u003Cli class=\\\"s-Ttwn9hVIv4o3 canShowMore\\\"\\u003E\\u003Ca href=\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002F2025\\u002F03\\u002F11\\u002Fus\\u002Fpolitics\\u002Ftrump-canada-tariffs-metal.html?smid=url-share\\\" class=\\\"s-Ttwn9hVIv4o3\\\"\\u003E\\u003Cspan class=\\\"date s-Ttwn9hVIv4o3\\\"\\u003EMarch 11\\u003C\\u002Fspan\\u003E \\u003Cspan class=\\\"hed s-Ttwn9hVIv4o3\\\"\\u003EWalked back plans to double metal tariffs on Canada after escalating threats\u00a0\u203a\\n\\t\\t\\t\\t\\t\\t\\u003C\\u002Fspan\\u003E\\u003C\\u002Fa\\u003E \\u003C\\u002Fli\\u003E \\u003Cli class=\\\"s-Ttwn9hVIv4o3 canShowMore\\\"\\u003E\\u003Ca href=\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002F2025\\u002F03\\u002F06\\u002Fus\\u002Fpolitics\\u002Ftrump-mexico-tariffs-suspended.html?smid=url-share\\\" class=\\\"s-Ttwn9hVIv4o3\\\"\\u003E\\u003Cspan class=\\\"date s-Ttwn9hVIv4o3\\\"\\u003EMarch 6\\u003C\\u002Fspan\\u003E \\u003Cspan class=\\\"hed s-Ttwn9hVIv4o3\\\"\\u003ESuspended many of the tariffs imposed on Canada and Mexico\u00a0\u203a\\n\\t\\t\\t\\t\\t\\t\\u003C\\u002Fspan\\u003E\\u003C\\u002Fa\\u003E \\u003C\\u002Fli\\u003E \\u003Cli class=\\\"s-Ttwn9hVIv4o3 canShowMore\\\"\\u003E\\u003Ca href=\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002F2025\\u002F03\\u002F05\\u002Fus\\u002Fpolitics\\u002Ftrump-lutnick-tariffs-reduction-canada-mexico.html\\\" class=\\\"s-Ttwn9hVIv4o3\\\"\\u003E\\u003Cspan class=\\\"date s-Ttwn9hVIv4o3\\\"\\u003EMarch 5\\u003C\\u002Fspan\\u003E \\u003Cspan class=\\\"hed s-Ttwn9hVIv4o3\\\"\\u003EPaused tariffs on cars from Canada and Mexico for a month\u00a0\u203a\\n\\t\\t\\t\\t\\t\\t\\u003C\\u002Fspan\\u003E\\u003C\\u002Fa\\u003E \\u003C\\u002Fli\\u003E \\u003Cli class=\\\"s-Ttwn9hVIv4o3 canShowMore\\\"\\u003E\\u003Ca href=\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002Flive\\u002F2025\\u002F03\\u002F05\\u002Fus\\u002Ftrump-news\\u002Fe8656599-6cde-5860-aaa7-d9d5618b695e?smid=url-share\\\" class=\\\"s-Ttwn9hVIv4o3\\\"\\u003E\\u003Cspan class=\\\"date s-Ttwn9hVIv4o3\\\"\\u003EMarch 5\\u003C\\u002Fspan\\u003E \\u003Cspan class=\\\"hed s-Ttwn9hVIv4o3\\\"\\u003EAccused Prime Minister Justin Trudeau of Canada of imposing tariffs on the U.S. \u201cto stay in power\u201d\u00a0\u203a\\n\\t\\t\\t\\t\\t\\t\\u003C\\u002Fspan\\u003E\\u003C\\u002Fa\\u003E \\u003C\\u002Fli\\u003E\\u003C\\u002Ful\\u003E \\u003Cdiv class=\\\"show-more-btn s-Ttwn9hVIv4o3\\\"\\u003E\\u003Cbutton class=\\\"showMore s-Ttwn9hVIv4o3\\\"\\u003E\\u003Csvg xmlns=\\\"http:\\u002F\\u002Fwww.w3.org\\u002F2000\\u002Fsvg\\\" baseProfile=\\\"tiny\\\" version=\\\"1.2\\\" viewBox=\\\"0 0 24 24\\\" stroke=\\\"currentColor\\\" class=\\\"s-Ttwn9hVIv4o3\\\"\\u003E\\u003Cline x1=\\\"12\\\" y1=\\\"2.922\\\" x2=\\\"12\\\" y2=\\\"21.078\\\" fill=\\\"none\\\" stroke-linecap=\\\"round\\\" stroke-linejoin=\\\"round\\\"\\u003E\\u003C\\u002Fline\\u003E\\u003Cline x1=\\\"21.078\\\" y1=\\\"12\\\" x2=\\\"2.922\\\" y2=\\\"12\\\" fill=\\\"none\\\" stroke-linecap=\\\"round\\\" stroke-linejoin=\\\"round\\\"\\u003E\\u003C\\u002Fline\\u003E\\u003C\\u002Fsvg\\u003E Earlier entries about North American tariffs\\u003C\\u002Fbutton\\u003E\\u003C\\u002Fdiv\\u003E\\u003C\\u002Fdiv\\u003E \\u003C\\u002Fdiv\\u003E \\u003Ca class=\\\"sentence s-Vsx0YhizbHAW\\\" href=\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002Finteractive\\u002F2025\\u002Fus\\u002Ftrump-agenda-2025.html\\\"\\u003ESee every major action by the Trump administration\u00a0\u203a\\u003C\\u002Fa\\u003E \\u003C\\u002Fdiv\\u003E\\u003C\\u002Fdiv\\u003E \\u003C\\u002Fdiv\\u003E \\u003C\\u002Ffigure\\u003E \\n\\t\\t\\t\\n\\t\\t\\t\\u003Cscript\\u003E\\n\\t\\t\\t\\t{\\n\\t\\t\\t\\t\\t__sveltekit_grsiim = {\\n\\t\\t\\t\\t\\t\\tbase: new URL(\\\".\\\", location).pathname.slice(0, -1)\\n\\t\\t\\t\\t\\t};\\n\\n\\t\\t\\t\\t\\tconst element = document.currentScript.parentElement.dataset.birdkitHydrate ? document.currentScript.parentElement : document.querySelector('[data-birdkit-hydrate=\\\"85df3fa950f399df\\\"]');\\n\\n\\t\\t\\t\\t\\tPromise.all([\\n\\t\\t\\t\\t\\t\\timport(\\\"https:\\u002F\\u002Fstatic01.nytimes.com\\u002Fnewsgraphics\\u002F2025-01-28-trump-100-days\\u002F3bb1478c-04d8-47db-bf2f-251852fff17e\\u002F_assets\\u002F_app\\u002Fimmutable\\u002Fentry\\u002Fstart.Kp7ZLupb.js\\\"),\\n\\t\\t\\t\\t\\t\\timport(\\\"https:\\u002F\\u002Fstatic01.nytimes.com\\u002Fnewsgraphics\\u002F2025-01-28-trump-100-days\\u002F3bb1478c-04d8-47db-bf2f-251852fff17e\\u002F_assets\\u002F_app\\u002Fimmutable\\u002Fentry\\u002Fapp.COPm6iOo.js\\\")\\n\\t\\t\\t\\t\\t]).then(([kit, app]) =\\u003E {\\n\\t\\t\\t\\t\\t\\tkit.start(app, element, {\\n\\t\\t\\t\\t\\t\\t\\tnode_ids: [0, 2],\\n\\t\\t\\t\\t\\t\\t\\tdata: [null,{\\\"type\\\":\\\"data\\\",\\\"data\\\":{body:[{type:\\\"svelte\\\",value:{component:\\\"ThreadEmbed\\\",previous:\\\"North American tariffs\\\",linkText:\\\"Tracking Trump\u2019s First 100 Days\\\",sentence:\\\"See every major action by the Trump administration\\\",wrapper:true,maxWidth:\\\"body\\\",marginInline:true,marginBlock:true,thread:[{nyt_link:\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002F2025\\u002F03\\u002F11\\u002Fus\\u002Fpolitics\\u002Ftrump-canada-registration-immigration.html\\\",source_link:\\\"\\\",hed_text:\\\"Notified Canada that its citizens would need to register when crossing the border into the United States\\\",date:\\\"March 11\\\",previous:\\\"North American tariffs\\\"},{nyt_link:\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002F2025\\u002F03\\u002F11\\u002Fus\\u002Fpolitics\\u002Ftrump-canada-tariffs-metal.html?smid=url-share\\\",source_link:\\\"\\\",hed_text:\\\"Walked back plans to double metal tariffs on Canada after escalating threats\\\",date:\\\"March 11\\\",previous:\\\"North American tariffs\\\"},{nyt_link:\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002F2025\\u002F03\\u002F06\\u002Fus\\u002Fpolitics\\u002Ftrump-mexico-tariffs-suspended.html?smid=url-share\\\",source_link:\\\"https:\\u002F\\u002Fwww.whitehouse.gov\\u002Fpresidential-actions\\u002F2025\\u002F03\\u002Famendment-to-duties-to-address-the-flow-of-illicit-drugs-across-our-southern-border\\u002F; https:\\u002F\\u002Fwww.whitehouse.gov\\u002Ffact-sheets\\u002F2025\\u002F03\\u002Ffact-sheet-president-donald-j-trump-adjusts-tariffs-on-canada-and-mexico-to-minimize-disruption-to-the-automotive-industry\\u002F\\\",hed_text:\\\"Suspended many of the tariffs imposed on Canada and Mexico\\\",date:\\\"March 6\\\",previous:\\\"North American tariffs\\\"},{nyt_link:\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002F2025\\u002F03\\u002F05\\u002Fus\\u002Fpolitics\\u002Ftrump-lutnick-tariffs-reduction-canada-mexico.html\\\",source_link:\\\"\\\",hed_text:\\\"Paused tariffs on cars from Canada and Mexico for a month\\\",date:\\\"March 5\\\",previous:\\\"North American tariffs\\\"},{nyt_link:\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002Flive\\u002F2025\\u002F03\\u002F05\\u002Fus\\u002Ftrump-news\\u002Fe8656599-6cde-5860-aaa7-d9d5618b695e?smid=url-share\\\",source_link:\\\"\\\",hed_text:\\\"Accused Prime Minister Justin Trudeau of Canada of imposing tariffs on the U.S. \u201cto stay in power\u201d\\\",date:\\\"March 5\\\",previous:\\\"North American tariffs\\\"},{nyt_link:\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002F2025\\u002F03\\u002F04\\u002Fbusiness\\u002Feconomy\\u002Ftrump-tariffs-canada-mexico-china.html\\\",source_link:\\\"\\\",hed_text:\\\"Imposed 25 percent tariffs on all imports from Canada and Mexico and a 10 percent tariff on all imports from China, sending shock waves through the economy\\\",date:\\\"March 4\\\",previous:\\\"North American tariffs\\\"},{nyt_link:\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002F2025\\u002F03\\u002F01\\u002Fbusiness\\u002Feconomy\\u002Ftrump-trade-canada-lumber.html\\\",source_link:\\\"https:\\u002F\\u002Fwww.whitehouse.gov\\u002Fpresidential-actions\\u002F2025\\u002F03\\u002Faddressing-the-threat-to-national-security-from-imports-of-timber-lumber\\u002F\\\",hed_text:\\\"Ordered an increase in U.S. lumber production\\\",date:\\\"March 1\\\",previous:\\\"North American tariffs\\\"},{nyt_link:\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002F2025\\u002F02\\u002F27\\u002Fus\\u002Fpolitics\\u002Ftrump-tariffs-canada-mexico-china.html\\\",source_link:\\\"\\\",hed_text:\\\"Said that tariffs on Mexico and Canada would go into effect on March 4\\\",date:\\\"Feb. 27\\\",previous:\\\"North American tariffs\\\"},{nyt_link:\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002F2025\\u002F02\\u002F03\\u002Fworld\\u002Famericas\\u002Fcanada-tariffs-trump-deal.html\\\",source_link:\\\"https:\\u002F\\u002Fwww.whitehouse.gov\\u002Fpresidential-actions\\u002F2025\\u002F02\\u002Fprogress-on-the-situation-at-our-northern-border\\u002F\\\",hed_text:\\\"Delayed tariffs on Canada\\\",date:\\\"Feb. 3\\\",previous:\\\"North American tariffs\\\"},{nyt_link:\\\"https:\\u002F\\u002Fwww.nytimes.com\\u002F2025\\u002F02\\u002F03\\u002Fbusiness\\u002Fcanada-mexico-tariffs-trump.html\\\",source_link:\\\"https:\\u002F\\u002Fwww.whitehouse.gov\\u002Fpresidential-actions\\u002F2025\\u002F02\\u002Fprogress-on-the-situation-at-our-southern-border\\u002F\\\",hed_text:\\\"Delayed tariffs on Mexico\\\",date:\\\"Feb. 3\\\",previous:\\\"North American 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But history suggests a more complex history.\"}],\"textAlign\":\"LEFT\"},\"timestampBlock\":{\"__typename\":\"TimestampBlock\",\"align\":\"LEFT\",\"showUpdatedTimestamp\":null,\"timestamp\":\"2025-03-13T04:01:16.000Z\"}},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"President Trump\u2019s simultaneous trade wars with Canada, Mexico, China and the European Union amount to a huge economic and political gamble: that Americans will endure months or years of economic pain in return for the distant hope of re-industrializing the American heartland.\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":false,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":false,\"bad\":false,\"index\":0},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"It is enormously risky. In recent days, Mr. Trump has acknowledged, despite all his confident campaign predictions that \u201cwe are going to boom like we have never boomed before,\u201d that the United States may be headed into a recession, fueled by his economic agenda. But in public and private he has been arguing that \u201ca little disturbance\u201d in the economy and the markets is a small price to pay for bringing manufacturing jobs back to America.\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":false,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":false,\"bad\":false,\"index\":1},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"His closest political partners are doubling down on the strategy. \u201cPresident Trump\u2019s economic policies are simple,\u201d Vice President JD Vance wrote on social media on Monday. \u201cIf you invest in and create jobs in America, you\u2019ll be rewarded. We\u2019ll lower regulations and reduce taxes. But if you build outside of the United States, you\u2019re on your own.\u201d\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":false,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":true,\"bad\":false,\"index\":2},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"The last time Mr. Trump tried something like this, during his first term, it was a failure. In 2018 he put 25 percent tariffs on steel and 10 percent tariffs on aluminum, maintaining that he was protecting America\u2019s national security and that the tariffs would ultimately create more jobs in the United States. Prices jumped, and there was a temporary increase of about 5,000 jobs nationwide. During the pandemic, some of the tariffs were lifted, and today the industry employs roughly the number of Americans it did then.\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":true,\"adsDesktopHoldout\":true,\"adsHybrid\":true,\"adsMobile\":true,\"adsMobileHoldout\":false,\"bad\":false,\"index\":3},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"More worrisome, though, were the raft of studies that followed showing that the country \"},{\"__typename\":\"TextInline\",\"formats\":[{\"__typename\":\"LinkFormat\",\"title\":\"\",\"uri\":null,\"url\":\"https:\\u002F\\u002Fwww.cfr.org\\u002Farticle\\u002Fwhat-trumps-aluminum-and-steel-tariffs-will-mean-six-charts\"}],\"text\":\"lost tens of thousands of jobs\"},{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\" \u2014 upward of 75,000, by one study \u2014 in the industries that were dependent on steel and aluminum imports. The output per hour for American steel makers had also dropped, while productivity for manufacturing overall in the United States rose.\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":false,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":false,\"bad\":false,\"index\":4},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"The experiment Mr. Trump is attempting now is far larger. And the retaliatory tariffs that are being imposed on U.S. manufacturers \u2014 with the Europeans aiming at Kentucky bourbon, as well as boats and Harley-Davidson motorcycles made in swing states like Michigan and Pennsylvania \u2014 are exquisitely designed to cause pain in places where Mr. Trump\u2019s supporters will feel it the most.\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":false,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":false,\"bad\":false,\"index\":5},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"\u201cIf Trump is serious on what he is saying about sticking with these tariffs, he is betting his presidency on their success, and on the patience of the American people, at a moment when the people do not appear in a patient mood,\u201d said William Galston, a scholar at the Brookings Institution.\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":false,\"adsHybrid\":true,\"adsMobile\":true,\"adsMobileHoldout\":true,\"bad\":false,\"index\":6},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"Mr. Trump is unlikely to be dissuaded. He has argued for tariffs for decades, convinced of their power to end what he contends is an era in which the United States has been bled by its allies and adversaries alike. While many of his top economic aides, led by Treasury Secretary Scott Bessent, were never known for advocating broad tariffs in the past, they all know that obeisance to Mr. Trump\u2019s view of geoeconomics is the price of holding a place of power and influence in the administration\u2019s economic club.\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":false,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":false,\"bad\":true,\"index\":7},{\"__typename\":\"ImageBlock\",\"media\":{\"__typename\":\"Image\",\"altText\":\"Treasury Secretary Scott Bessent, wearing a blue suit and blue striped tie.\",\"caption\":{\"__typename\":\"TextOnlyDocumentBlock\",\"content\":[{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"Treasury Secretary Scott Bessent, right, was not known for advocating broad tariffs but has supported Mr. Trump\u2019s approach.\"}]}],\"text\":\"Treasury Secretary Scott Bessent, right, was not known for advocating broad tariffs but has supported Mr. Trump\u2019s approach.\"},\"credit\":\"Haiyun Jiang for The New York 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Secretary Scott Bessent, right, was not known for advocating broad tariffs but has supported Mr. Trump\u2019s approach.\",\"timesTags\":[],\"uri\":\"nyt:\\u002F\\u002Fimage\\u002F7280f37c-a2e0-5748-885a-e2fc26b84bc7\",\"url\":\"\\u002Fimagepages\\u002F2025\\u002F03\\u002F13\\u002Fmultimedia\\u002F12dc-trump-bessent-hmjl.html\"},\"size\":\"MEDIUM\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":false,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":false,\"bad\":true,\"index\":8},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"\u201cTo the extent that another country\u2019s practices harm our own economy and people, the United States will respond,\u201d Mr. Bessent \"},{\"__typename\":\"TextInline\",\"formats\":[{\"__typename\":\"LinkFormat\",\"title\":\"\",\"uri\":null,\"url\":\"https:\\u002F\\u002Fhome.treasury.gov\\u002Fnews\\u002Fpress-releases\\u002Fsb0045\"}],\"text\":\"said last week\"},{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\" in a speech to the Economic Club of New York. \u201cThis is the America First trade policy.\u201d\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":true,\"adsDesktopHoldout\":true,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":false,\"bad\":false,\"index\":9},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"The reality is that Mr. Trump\u2019s arguments for imposing tariffs are all over the map, as a series of business executives have complained \u2014 never on the record \u2014 after visiting the White House in recent weeks. Michael Froman, the U.S. trade representative from 2013 to 2017 and now the president of the Council on Foreign Relations, distills Mr. Trump\u2019s arguments into three categories.\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":false,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":true,\"bad\":false,\"index\":10},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"\u201cWhen the president thinks about tariffs, he is usually thinking about three things: leverage, revenue and re-industrialization,\u201d Mr. Froman said on Wednesday.\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":false,\"adsHybrid\":true,\"adsMobile\":true,\"adsMobileHoldout\":false,\"bad\":false,\"index\":11},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"\u201cThe leverage is working, for now,\u201d he said. Mexico and Canada have come up with plans for reducing the amount of fentanyl crossing the border, even if they are handing Mr. Trump programs that they implemented previously but have repackaged or revived in response to his demands. Oddly, Canada has been hit by some of the hardest tariffs, even though very little of the fentanyl entering the United States comes over the Canadian border. (Canada\u2019s departing prime minister, Justin Trudeau, \"},{\"__typename\":\"TextInline\",\"formats\":[{\"__typename\":\"LinkFormat\",\"title\":\"\",\"uri\":null,\"url\":\"https:\\u002F\\u002Fwww.nytimes.com\\u002F2025\\u002F03\\u002F07\\u002Fworld\\u002Fcanada\\u002Ftrump-trudeau-canada-51st-state.html\"}],\"text\":\"said last week,\"},{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\" \u201cWhat he wants is to see a total collapse of the Canadian economy, because that\u2019ll make it easier to annex us.\u201d)\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":false,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":false,\"bad\":false,\"index\":12},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"But Mr. Froman contends that the White House is already seeing diminishing returns from its strategy. \u201cYou can do this once or twice and bring people to the table,\u201d he said, \u201cbut at some point the countries say we are going to retaliate,\u201d as Canada and the European Union now have.\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":true,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":false,\"bad\":false,\"index\":13},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"Mr. Trump also loves the idea that tariffs bring in revenues. In his \"},{\"__typename\":\"TextInline\",\"formats\":[{\"__typename\":\"LinkFormat\",\"title\":\"\",\"uri\":null,\"url\":\"https:\\u002F\\u002Fwww.whitehouse.gov\\u002Fremarks\\u002F2025\\u002F01\\u002Fthe-inaugural-address\\u002F\"}],\"text\":\"Inaugural Address\"},{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\" he spoke admiringly of President William McKinley, who pushed for huge tariffs in the 1890s, and he argued that the period was a high point for American economic policy. \u201cInstead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens,\u201d Mr. Trump said on Jan. 20. \u201cFor this purpose, we are establishing the External Revenue Service to collect all tariffs, duties and revenues. It will be massive amounts of money pouring into our Treasury, coming from foreign sources.\u201d\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":false,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":true,\"bad\":false,\"index\":14},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"But again, the facts do not always sort out that way. While the U.S. government brought in more than $60 billion in tariffs from China in Mr. Trump\u2019s first term, it also compensated American farmers who were hit by retaliatory tariffs imposed by Beijing. That cost nearly as much.\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":true,\"adsDesktopHoldout\":false,\"adsHybrid\":true,\"adsMobile\":true,\"adsMobileHoldout\":false,\"bad\":false,\"index\":15},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"The final justification Mr. Trump offers for tariffs is that they will bring jobs back to the United States. It is a concept rooted deep in his psyche and his political history; he expresses little interest in examining empirical studies that may muddy the picture.\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":false,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":false,\"bad\":false,\"index\":16},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"Of course, as much as Mr. Trump would like to see all products made in the United States, there is a reason nations trade with one another. Some have a comparative advantage to make certain products. Others are at a different stage of development. And sometimes nations do not want to get stuck producing low-tech products when they could move up the ladder. The towns north of Boston dominated the country\u2019s shoe industry throughout the 1800s; today they are better known for software startups, law firms and some of the nation\u2019s most expensive real estate.\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":false,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":false,\"bad\":false,\"index\":17},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"But in Mr. Trump\u2019s worldview, as he himself acknowledged in a 2016 interview, it is traditional manufacturing that matters. The 1950s, he said, were his ideal, when American manufacturing and power reigned supreme.\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":true,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":true,\"bad\":false,\"index\":18},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"He is unimpressed when economists attacking his tariff plans point out that car parts may move a dozen times over the border with Canada before final installation in an American-produced vehicle, which will be more expensive because of his tariffs on Canada. Or that sophisticated designs for the most advanced semiconductors will be beamed back and forth to Taiwan Semiconductor, the world\u2019s most successful chip maker, before the chips themselves are produced in Taiwan \u2014 even if the intellectual property inherent in the design is American.\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":false,\"adsHybrid\":true,\"adsMobile\":true,\"adsMobileHoldout\":false,\"bad\":true,\"index\":19},{\"__typename\":\"ImageBlock\",\"media\":{\"__typename\":\"Image\",\"altText\":\"Trucks with headlights on pass over a metal bridge.\",\"caption\":{\"__typename\":\"TextOnlyDocumentBlock\",\"content\":[{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"The Ambassador Bridge, which connects Detroit and Windsor, Ontario, in Canada. Cars parts may move a dozen times over the border before final installation in a U.S.-produced vehicle.\"}]}],\"text\":\"The Ambassador Bridge, which connects Detroit and Windsor, Ontario, in Canada. Cars parts may move a dozen times over the border before final installation in a U.S.-produced vehicle.\"},\"credit\":\"Brittany Greeson for The New York Times\",\"crops\":[{\"__typename\":\"ImageCrop\",\"renditions\":[{\"__typename\":\"ImageRendition\",\"height\":400,\"name\":\"articleLarge\",\"url\":\"https:\\u002F\\u002Fstatic01.nyt.com\\u002Fimages\\u002F2025\\u002F03\\u002F12\\u002Fmultimedia\\u002F12dc-trump-02-jqfk\\u002F12dc-trump-02-jqfk-articleLarge.jpg\",\"width\":600},{\"__typename\":\"ImageRendition\",\"height\":433,\"name\":\"popup\",\"url\":\"https:\\u002F\\u002Fstatic01.nyt.com\\u002Fimages\\u002F2025\\u002F03\\u002F12\\u002Fmultimedia\\u002F12dc-trump-02-jqfk\\u002F12dc-trump-02-jqfk-popup.jpg\",\"width\":650},{\"__typename\":\"ImageRendition\",\"height\":683,\"name\":\"jumbo\",\"url\":\"https:\\u002F\\u002Fstatic01.nyt.com\\u002Fimages\\u002F2025\\u002F03\\u002F12\\u002Fmultimedia\\u002F12dc-trump-02-jqfk\\u002F12dc-trump-02-jqfk-jumbo.jpg\",\"width\":1024},{\"__typename\":\"ImageRendition\",\"height\":1365,\"name\":\"superJumbo\",\"url\":\"https:\\u002F\\u002Fstatic01.nyt.com\\u002Fimages\\u002F2025\\u002F03\\u002F12\\u002Fmultimedia\\u002F12dc-trump-02-jqfk\\u002F12dc-trump-02-jqfk-superJumbo.jpg\",\"width\":2048}]},{\"__typename\":\"ImageCrop\",\"renditions\":[{\"__typename\":\"ImageRendition\",\"height\":150,\"name\":\"thumbLarge\",\"url\":\"https:\\u002F\\u002Fstatic01.nyt.com\\u002Fimages\\u002F2025\\u002F03\\u002F12\\u002Fmultimedia\\u002F12dc-trump-02-jqfk\\u002F12dc-trump-02-jqfk-thumbLarge.jpg\",\"width\":150}]},{\"__typename\":\"ImageCrop\",\"renditions\":[{\"__typename\":\"ImageRendition\",\"height\":127,\"name\":\"articleInline\",\"url\":\"https:\\u002F\\u002Fstatic01.nyt.com\\u002Fimages\\u002F2025\\u002F03\\u002F12\\u002Fmultimedia\\u002F12dc-trump-02-jqfk\\u002F12dc-trump-02-jqfk-articleInline.jpg\",\"width\":190}]},{\"__typename\":\"ImageCrop\",\"renditions\":[{\"__typename\":\"ImageRendition\",\"height\":1800,\"name\":\"mobileMasterAt3x\",\"url\":\"https:\\u002F\\u002Fstatic01.nyt.com\\u002Fimages\\u002F2025\\u002F03\\u002F12\\u002Fmultimedia\\u002F12dc-trump-02-jqfk\\u002F12dc-trump-02-jqfk-mobileMasterAt3x.jpg\",\"width\":1800}]}],\"id\":\"SW1hZ2U6bnl0Oi8vaW1hZ2UvNDM5M2YyMWYtMjkxNi01NGU1LTk3ZTQtYTVmZmM4MWZkNTE4\",\"imageType\":\"photo\",\"legacyHtmlCaption\":\"The Ambassador Bridge, which connects Detroit and Windsor, Ontario, in Canada. Cars parts may move a dozen times over the border before final installation in a U.S.-produced vehicle.\",\"timesTags\":[],\"uri\":\"nyt:\\u002F\\u002Fimage\\u002F4393f21f-2916-54e5-97e4-a5ffc81fd518\",\"url\":\"\\u002Fimagepages\\u002F2025\\u002F03\\u002F13\\u002Fmultimedia\\u002F12dc-trump-02-jqfk.html\"},\"size\":\"MEDIUM\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":false,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":false,\"bad\":true,\"index\":20},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"One thing Mr. Trump and his predecessor, Joseph R. Biden Jr., have in common is a desire to bring that chip making back to the United States. Mr. Biden\u2019s approach was the CHIPs Act, which passed with bipartisan support and designated more than $50 billion in federal funds to jump-start investments in the most advanced chip fabrication plants. The concept actually began in Mr. Trump\u2019s first term, though at the end of his speech to Congress last week, he dismissed it.\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":false,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":false,\"bad\":false,\"index\":21},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"\u201cYour CHIPS act is a horrible, horrible thing,\u201d he told lawmakers. \u201cWe give hundreds of billions of dollars, and it doesn\u2019t mean a thing. They take our money, and they don\u2019t spend it.\u201d\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":true,\"adsDesktopHoldout\":false,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":true,\"bad\":false,\"index\":22},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"The solution is tariffs, he has concluded. If the chips themselves are made in the United States, they will be tariff-free.\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":true,\"adsHybrid\":false,\"adsMobile\":true,\"adsMobileHoldout\":false,\"bad\":false,\"index\":23},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"His problem is one of timing. It takes years to build the most advanced chip facilities. (Intel has just delayed by at least four years one factory that it initially promised would open in Ohio in 2025 or 2026.) And even when they are built, the United States will still be dependent on Taiwan for about 80 percent of its most advanced semiconductors.\"}],\"textAlign\":\"LEFT\"},{\"__typename\":\"Dropzone\",\"adsDesktop\":false,\"adsDesktopHoldout\":false,\"adsHybrid\":false,\"adsMobile\":false,\"adsMobileHoldout\":false,\"bad\":false,\"index\":24},{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"It is not clear whether voters will be willing to wait that long for results.\"}],\"textAlign\":\"LEFT\"}]},\"storyFormat\":\"Article\",\"storylines\":[{\"__typename\":\"AssociatedStoryline\",\"ruleName\":\"styln-trump-tariffs\",\"storyline\":{\"__typename\":\"Storyline\",\"context\":null,\"displayName\":\"Tariffs\",\"experimentalJsonBlob\":\"{\\\"data\\\":[{\\\"version\\\":1,\\\"type\\\":\\\"experimentalJsonBlob\\\",\\\"data\\\":[]}]}\",\"guide\":{\"__typename\":\"StorylineGuide\",\"displayName\":\"More on Trump\u2019s Tariffs\",\"leadIn\":null,\"sections\":[{\"__typename\":\"StorylineGuideSection\",\"items\":[{\"__typename\":\"StorylineGuideItem\",\"content\":{\"__typename\":\"ListBlock\",\"content\":[{\"__typename\":\"ListItemBlock\",\"content\":[{\"__typename\":\"ParagraphBlock\",\"content\":[{\"__typename\":\"TextInline\",\"formats\":[{\"__typename\":\"BoldFormat\"}],\"text\":\"Britain\u2019s Mentality:\"},{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\"\u00a0Prime Minister Keir Starmer \"},{\"__typename\":\"TextInline\",\"formats\":[{\"__typename\":\"LinkFormat\",\"uri\":\"nyt:\\u002F\\u002Farticle\\u002F09fcde64-0e0a-5106-8817-d5b3ac2a5400\",\"url\":\"https:\\u002F\\u002Fwww.nytimes.com\\u002F2025\\u002F03\\u002F12\\u002Fbusiness\\u002Fuk-tariffs-trump-starmer.html\"}],\"text\":\"wants to stay close to the United States\"},{\"__typename\":\"TextInline\",\"formats\":[],\"text\":\", even as the uncertainty unleashed by President Trump offers a chance to build ties with the European 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