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President Trump pledged to lower costs on “Day 1” as a candidate. His administration now acknowledges it will take more time.

Duties of 25 percent on steel and aluminum will flow through to car buyers, beer drinkers, home builders, oil drillers and other users of metal goods.

The 25 percent tariff the president is proposing is almost identical to a move in his first term. Economists and foreign governments know what will come next.

The president said he planned sweeping tariffs on all steel and aluminum imports on Monday and would take other action to even out tariff rates with the rest of the world later this week.

The president said he planned sweeping tariffs on all steel and aluminum imports on Monday and would take other action to even out tariff rates with the rest of the world later this week.

President Trump announced potentially crippling tariffs against Canada, only to suspend them for 30 days. What will satisfy him remains unknown.

The president temporarily paused a provision that had imposed tariffs on many packages sent from China beginning this week and that had sowed confusion among retailers and shippers.

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The central bank is grappling with how quickly to lower interest rates after pausing cuts last month.

Fannie Mae and Freddie Mac were bailed out by the government during the housing crisis nearly 17 years ago. The Trump administration is considering letting them go private again.