Wednesday Briefing

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Credit…Al Drago for The New York Times

100 days like no other

It was President Trump’s 100th day back in the White House yesterday, and tariffs were top of mind. At a rally at Michigan to mark the occasion, he made a speech focused on vilifying undocumented migrants, reveling in his use of executive power to remake the government and economy and sniping at political opponents.

The trip had been billed as an opportunity for Trump to demonstrate his commitment to reviving American manufacturing.

Trump’s tariff war has piled pressure on U.S. businesses. Toy retailers across the U.S. paused holiday orders as tariffs froze supply chains. After the White House press secretary attacked Amazon over a report that suggested it would highlight tariff-related price increases, the company said that was “not going to happen.” Separately, Trump walked back some auto tariffs.

The president’s approval ratings have steadily fallen. But there is no doubt that Trump’s return to the Oval Office has already been hugely consequential. “He has already changed the way America is perceived more than any president since Franklin Delano Roosevelt,” said Maggie Haberman, our White House correspondent. Here’s a deeper look at how and where he has made his mark.

Crypto: World Liberty Financial, Trump’s cryptocurrency firm, has shredded the boundary between private enterprise and government policy. A Times examination found a range of conflicts of interest.

What he said: Trump justifies his agenda with a barrage of falsehoods and distortions. We fact-checked his most-repeated claims.