These articles from April 2025 detail the immediate economic fallout and political responses to widespread tariffs announced by then-President Trump. The stock market experienced significant drops globally, and Federal Reserve Chair Jerome Powell warned of likely higher inflation and slower economic growth as a consequence. Trump defended his policies and spent time at his golf courses, drawing criticism from Democrats. Meanwhile, Canada announced retaliatory tariffs, and domestic political debate in Canada focused on strategies to protect its economy, including proposals for savings bonds and tax breaks on Canadian-made vehicles.
