And it sends a clear message to foreign leaders, businesses and policymakers that despite naming tariff skeptics like hedge fund manager Scott Bessent and financier Howard Lutnick to his Cabinet, Trump still plans to leverage American markets and foreign trade to try to force countries to give into his demands on everything from immigration to economic policy.

Trump has announced even more tariffs this week. But is the president-elect using the threat of tariffs as a bargaining chip?

President-elect Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign goods entering the United States