Ana Swanson

Even after President Trump announced sweeping global tariffs in April, some investors and supporters comforted themselves by arguing that the president’s goal was still to open global markets, not close them off. The belief, promoted by Mr. Trump himself, was that he was using his tariffs as a…

When Donald J. Trump ran for president in 2016, there was not much love for tariffs in Washington. Many Republicans and Democrats believed that putting levies on imports created economic inefficiencies and that free trade was the best recipe for growth. That view has largely fallen out of fashion…