Price growth set to remain stubborn in February — and beyond
NBCMAR 12
Trump's Tariffs on Steel and Aluminum Come Into Effect
Above: US Pres. Donald Trump walks to the White House after landing in Marine One on the South Lawn on Mar. 9, 2025, in Washington, D.C. Image copyright: Samuel Corum/Stringer/Getty Images News via Getty Images
The Spin
Anti-Trump narrative
Trump's erratic tariff policies have caused uncertainty and shaken confidence in the US economy. Business leaders are left confused by his inconsistent approach — one day, tariffs are on, and the next, they're off. This instability harms long-term planning and business growth. Despite the administration's claims, tariffs are taxes on Americans — increasing costs for consumers without delivering clear benefits.
Pro-Trump narrative
President Trump's tough stance on tariffs has proven effective in protecting American interests. By raising tariffs on Canadian goods, he successfully pressured Ontario to suspend its retaliatory tariff on electricity exports. This shows that Trump's bold approach works, forcing other countries to negotiate fairer deals. His tariffs defend US industries, create leverage, and prioritize American workers over foreign competitors.