Voters returned Donald Trump to the White House in November believing he would be better for the economy than his opponent, Democratic Vice President Kamala Harris.

President Donald Trump has gotten worrisome news about how the U.S. economy is battening down for potential fallout from his tariffs

The U.S. economy contracted early this year as businesses imported a massive trove of goods before President Donald Trump’s sweeping tariffs took effect, widening the trade deficit and curtailing growth.

A slower phase-in for tariffs on auto parts will give manufacturers time to ramp up manufacturing in the U.S. Some warn they will still drive up car prices.

President Donald Trump is providing some relief to automakers reeling from his steep 25% tariffs imposed on foreign cars and auto parts. Trump, under a proclamation he signed April 29, is offering auto companies credits for a portion of the tariffs on auto parts that they import to build vehicles in the U.

"Well, they did sign up for it, actually. And this is what I campaigned on," Trump said of the "reciprocal" tariffs he imposed.