The Rev. Martin Luther King Jr. gives his “I Have a Dream” speech at the Lincoln Memorial in August 1963. Live updates: Trump says he has a trade deal with Japan that includes 15 percent tariff on imports © Caroline Gutman/For The Washington Post

Trading updates and corporate earnings from some of Europe’s auto giants show the extent to which Trump’s tariffs have started to take their toll.

The U.S. and Japan have reached a trade agreement that will lower tariff rates on the longtime U.S. ally down to 15%, President Donald Trump said Tuesday. The 25% tariff rate slated to hit Japan by August will be lowered to 15%, according to Trump, who said Japan will invest $550 billion into the U.S. under the deal.

April 9: Trump's higher "reciprocal tariffs" begin just after midnight. Hours later, the president says he is issuing a 90-day pause on those duties, except for China. Trump raises tariffs on Chinese goods from 104% to 145%, the highest rate so far this year.

Speaker Mike Johnson said he would shut the House down early for the summer on Wednesday to head off Democrats’ calls for votes for greater transparency into the investigation of Jeffrey Epstein, the sex offender who died in federal custody in 2019.

General Motors and other U.S. companies give updates on how much President Trump’s tariffs are impacting them.

New data from the White House Council of Economic Advisers backs President Donald Trump's calls for the Federal Reserve to cut interest rates.

General Motors Co. said it suffered a $1.1 billion profit hit from Donald Trump’s tariffs and revealed no plan for a near-term fix to return to pre-tariff profit levels.The Detroit-based automaker said Tuesday it earned $2.