The White House says President Donald Trump will sign an executive order Tuesday to relax some of his 25% tariffs on autos and auto parts. It's a significant reversal as the import taxes threatened to hurt domestic manufacturers. Automakers and independent analyses have indicated that the tariffs could raise prices, reduce sales and make U.S. production less competitive worldwide. White House press secretary Karoline Leavitt declined in a briefing with reporters to provide details of the relief. Treasury Secretary Scott Bessent, who joined Leavitt at the briefing, says the goal is to enable automakers to create more domestic manufacturing jobs.

A new AP-NORC poll suggests Americans’ trust in President Donald Trump to bolster the U.S. economy appears to be faltering. The survey finds many people fear the country is being steered into a recession and Trump’s broad and haphazardly enforced tariffs will cause prices to rise. Roughly half of U.S. adults say the Republican president’s trade policies will increase prices “a lot” and another 3 in 10 think prices could rise “somewhat.” About half of Americans are “extremely” or “very” concerned about the possibility of the U.S. economy going into a recession in the next few months. While skepticism about tariffs is increasing modestly, that doesn’t mean the public is automatically rejecting Trump’s approach to trade.

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