President Trump has declared multiple national emergencies since taking office. That's helping him act quickly. There are few checks and balances on the emergency powers he's claiming.
India's Prime Minister Narendra Modi, a nationalist criticized over India's democratic backsliding, has welcomed President Trump's return to the White House. India so far has been spared new tariffs.
Vance will likely use the summits to resist further AI regulation while reiterating a common Trump refrain: that military allies need to further ramp up spending that supports NATO and Ukraine.
A tax on all imported steel and aluminum could give a helping hand to domestic steel and aluminum makers, but raise costs for businesses and consumers that buy the metals.
The tariffs from China range from 10% to 15% and are applied to crude oil, liquefied natural gas, farm machinery and select other products from the U.S.
President Trump's threats to impose new tariffs on European goods has led Americans to suddenly stockpile their favorite Italian wines, especially sparkling prosecco.
Tariffs are now in effect on goods from China, and imports from Canada and Mexico could be next (again). Americans are likely to see higher prices on a wide variety of products as a result.