Trump believes he can deploy tariffs without tradeoffs or distortions. In reality, each new tariff move creates both.

U.S. President Donald Trump on Tuesday said the U.S. and Japan have struck a deal that will lower the hefty tariffs Trump had threatened to impose on goods from its Asian ally while extracting commitments for Japan to invest $550 billion US in the United States and open its markets to American goods.

WASHINGTON — U.S. President Donald Trump announced more trade deals this week as his deadline for Canada and the United States to negotiate a new economic and security agreement draws closer.