For subscribers
News Analysis
Trump insists tariffs will buoy the economy but for now, he’s on damage control
Sign up now: Get ST's newsletters delivered to your inbox
US President Donald Trump announced on Dec 8, 2025, US$12 billion (S$15.5 billion) in bailout money for America’s farmers.
PHOTO: EPA
David Sanger
Follow topic:
WASHINGTON – On US President Donald Trump’s proclaimed “Liberation Day” in April, when he announced the tariffs that have upended global trade, he vowed that “jobs and factories will come roaring back into our country”.
The imposition of taxes on imports, the President promised, “will pry open foreign markets and break down foreign trade barriers”, leading to lower prices for Americans.
