The U.S. economy has experienced whiplash from President Donald Trump’s back-and-forth tariff threats with China, Canada, Mexico and more since January 2025.

U.S. President Donald Trump's tariff decisions since he took office on January 20, from imposing sweeping duties to abruptly pausing some of them, have shocked financial markets and sent a wave of uncertainty through the global economy.

President Donald Trump declared a national emergency in response to the “large and persistent U.S. trade deficit” and “unfair” economic practices by foreign countries that, according to Trump, hurt the American people by undermining the U.

A coalition of entertainment unions, joined by the Motion Picture Association, urged President Trump on Monday to support tax deductions that benefit the entertainment industry. In a joint letter, the unions thanked the president “for the support you have shown our industry,

Returning more production to the United States will require a national approach and broad-based policy solutions,” the groups said in a letter to the White House.