The poll also found 58% oppose and 42% favor Trump’s new tariffs on imported goods, but 51% like his goals for the tariffs—to return manufacturing jobs to the U.S. and decrease the import/export margins between the U.S. and its trading partners, he has said—though 63% dislike his approach for achieving those goals.

The U.S.'s latest tariff hike on Chinese imports is a response to these actions. "China now faces up to a 245% tariff on imports to the United States as a result of its retaliator

California on Wednesday filed a lawsuit seeking to block U.S. President Donald Trump's sweeping tariffs on foreign trading partners, accusing him of abusing his powers and inflicting financial harm on the state and nation.

Ford Motor Co. is preparing to raise prices on cars rolling off assembly lines starting next month if President Donald Trump doesn’t deliver on the tariff relief he’s hinted at for automakers.

Ford Motor may raise prices of its new vehicles in May if U.S. President Donald Trump's auto tariffs are not eased, Automotive News reported on Wednesday, citing a memo to dealers. Both U.S. and foreign automakers have rushed to alleviate consumer concerns about tariffs inflating costs at dealerships by offering price assurances and substantial discounts.

Ford Motor may raise prices on its new vehicles if President Trump’s auto tariffs continue, according to a memo sent to dealers on Wednesday that was reviewed by Reuters. The Dearborn, Michigan, automaker offered deep discounts across its lineup starting earlier this month through June 2.

CNBC Senior Economics Reporter Steve Liesman joins Nicolle Wallace to discuss the market's reaction to new comments on Donald Trump's tariffs from Federal Reserve Chair Jerome Powell, primarily that they will put the Fed in a difficult situation in their effort to fight inflation and grow the economy.

US President Donald Trump's tariffs will likely push up prices and constrain growth, and could put the Federal Reserve in the unenviable position of having to choose between tackling inflation and unemployment,