With consumer fears rising, President Donald Trump is continuing to play a game of cat and mouse over tariffs with the United States’ biggest trading partners, leaving Virginia industries uncertain and anxious over the potential effects on their businesses.
Automobile dealers, home builders and farmers braced for potential short-term price increases and long-term uncertainty after Trump imposed duties of 25% on goods from Mexico and Canada and 10% on goods from China late Monday night.
The president had threatened the tariffs and then granted a temporary reprieve more than a month ago.
President Donald Trump addresses a joint session of Congress in the House chamber Tuesday at the U.S. Capitol in Washington, as Vice President JD Vance and House Speaker Mike Johnson of Louisiana, listen.
On Wednesday, the president pivoted again by granting another monthlong pause in tariffs on automobiles, after major U.S. automakers pleaded for relief from duties on vehicles manufactured through an intertwined supply chain that …