History shows that tariffs to revive U.S. manufacturing, reclaim jobs and counter allegedly unfair trade practices rarely succeed. In today's interconnected world, they're more likely to provoke painful retaliation.

India's auto shares jumped more than 3% on Tuesday and were set for their best day since early January, after U.S. President Donald Trump suggested he might grant exemptions on auto-related import tariffs.

WASHINGTON ― President Donald Trump said he's considering temporary exemptions from his 25% tariffs on the auto industry to give car companies more time to transition to manufacturing in the U.S. Trump's remarks Monday from the Oval Office came after his administration last week excluded smartphones,