President Donald Trump is holding a rally in Michigan on Tuesday to mark the first 100 days of his second term, staging his largest public event since returning to the White House in a state that has been especially rocked by his steep trade tariffs and combative attitude toward Canada.

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Investors should keep their expectations in check. Sectoral tariffs are a risk. Any agreements in coming weeks won’t be typical trade deals, which take years to negotiate.

President Donald Trump will soon announce moves to reduce the impact of his tariffs on the U.S. auto industry, a top Trump administration official confirmed late Monday.