Aides struggled to satisfy the president’s competing priorities before settling on a plan to both raise revenue and boost corporate onshoring.

President Donald Trump is scheduled to announce significant tariffs on other countries in a speech Wednesday afternoon at the White House.

After months of delays, President Donald Trump's contentious tariff barrage is now in effect. It imposes a wide variety of new import taxes that are the steepest seen in nearly a century and affect all of the country's trade partners.