Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty. Trump launched a trade war during his first term as well,

Japan’s Honda has estimated a $3bn blow from US tariffs that will cut annual profits by more than half, becoming the latest carmaker to warn of fallout from the trade war. The company estimated a hit of ¥650bn ($4.

Key Takeaways Honda Motor said new U.S. auto tariffs will send profits and sales tumbling.CEO Toshihiro Mibe noted that Honda sees a $4.40 billion negative impact from the tariffs this year.Honda is also postponing investments in electric vehicles and batteries in Canada because of falling demand.

The Trump administration has made moves to ease tariff tensions with China, but the situation remains uncertain in the longterm.

President Donald Trump announced that China and US had agreed to pause escalating tariffs for 90 days. Florida has its own imports and exports.

President Donald Trump’s agreement with China to temporarily slash tariffs for 90 days offered the world a bit of welcome relief