White House claims Donald Trump tariffs operate as tax cuts for American people

White House Press Secretary Karoline Leavitt holds a briefing for news media. On Tuesday morning, Donald Trump announce on his Truth Social account he plan to increase tariffs on Canada with a proposed additional 25% tariff on all goods and a 50% on all steel and aluminum coming into the United States. Markets, already reeling from the impact of Trump's tariffs and broader fears of a recession, sank further after the president's post.