Donald Trump continues to use tariffs as a central tool of his trade policy. Here’s where his tariffs stand now.

Treasury Secretary Scott Bessent quickly dialed back Trump’s claim that most Americans will receive a $2,000 tariff “dividend.”

The sector slump has hit carmakers and industrial firms hard in manufacturing strongholds like Germany, where many of Pfiffner's European customers are. Part of Taiwanese-owned FFG, Pfiffner was already suffering before Trump announced the tariffs in August, which dashed the firm's U.S. orders.

Granted, UPS' results improved somewhat in the third quarter. However, Tomé warned in the package delivery giant's Q3 earnings call that small- and mid-sized enterprises (SMEs) could "feel the full brunt" of tariffs in 2026. These customers are an important segment of UPS' business.

In fact, Ford announced it was increasing production of its F-150 and F-Series Super Duty in 2026 by more than 50,000 trucks to meet demand. GM also revealed plans to shift production of one of its Michigan plants from EVs, which have been losing money, to profitable gasoline powered vehicles.

The proliferation of trade regulations and threat of intensified enforcement has driven many companies to spend what could add up to tens of millions of dollars to ensure they are not running afoul of Trump's new duties.

Even if the Supreme Court strikes down Donald Trump’s tariffs on countries, he has other legal options to impose similar duties.

WASHINGTON (AP) — President Donald Trump announced he’s ending “all trade negotiations” with Canada because of a television ad sponsored by one of its provinces that used the words of former President Ronald Reagan to criticize U.S. tariffs ...

If Trump were to make the dividend payments available to anyone earning $100,000 or less, the policy would reach about 150 million Americans, amounting to roughly $300 billion in dividends, Erica York, a policy expert at the Tax Foundation, said in a post on X.

The president vowed to bring factories home. But tariffs, immigration policies and spending cuts are turning that promise into a costly balancing act.