Tag Archives: Tariffs

President Donald Trump threatened Monday to impose a sweeping 25% tariff on any country that continues doing business with Iran, a move that could disrupt U.S. trade relations with major global economies including China, India, the European Union and the United Arab Emirates. “Effective immediately, any Country doing business with …

Costco Wholesale Corp. has filed a federal lawsuit seeking refunds of the tariffs it has paid on imported goods, becoming one of the largest U.S. companies to mount a direct legal challenge to President Donald Trump’s broad use of emergency powers to impose levies on foreign products. The complaint, filed …

The Trump administration said Friday it will lift tariffs on a range of foreign goods — including beef, tomatoes, bananas and coffee — in a bid to ease consumer price pressures that have accelerated since the president’s global trade levies took effect. The exemptions, effective immediately, apply to a set …

The Trump administration on Thursday announced preliminary trade frameworks with Argentina, Guatemala, El Salvador and Ecuador, marking the latest step in the White House’s push to renegotiate U.S. trade relationships across the globe. While the broad outlines are set, senior administration officials said specifics will be finalized in the coming …

Christmas may look a little less merry for U.S. consumers this year as tariffs drive up the cost of artificial trees and lights — staples of the holiday season for millions of families. Industry executives and retailers say artificial Christmas trees will cost between 10% and 20% more than last …

Several of the Supreme Court’s conservative justices appeared skeptical Wednesday that President Donald Trump has the unilateral power to impose far-reaching tariffs, raising the possibility that the court could strike down one of the most consequential parts of his economic agenda. The case marks the biggest legal test yet of …

The Senate voted Thursday to overturn many of President Donald Trump’s tariffs around the world, a rare rebuke of his trade policies that came just hours after Trump hailed his latest deal with China as a major economic victory. The resolution — passed 51-47 with four Republicans joining all Democrats …

The United States and China are unlikely to settle all their disputes before Presidents Donald Trump and Xi Jinping meet Thursday in Busan, South Korea. But both sides appear poised to announce limited progress on rare-earth exports, technology trade restrictions, and agricultural purchases — a move intended to calm jittery …

The United States and China are nearing an agreement to avert a sweeping 100% tariff on Chinese goods, and Presidents Donald Trump and Xi Jinping are expected to meet soon to finalize the deal, Treasury Secretary Scott Bessent said Sunday. In an interview on NBC News’ Meet the Press, Bessent …

President Donald Trump said late Thursday that he was ending “all trade negotiations” with Canada after accusing the country of using a fake Ronald Reagan video in an anti-tariff advertisement — an action he called “egregious behavior” meant to influence U.S. court decisions. Trump’s post on his social media site …

President Donald Trump announced Friday that his administration will impose a 100% tariff on all Chinese goods “over and above any tariff that they are currently paying,” a move that reignites tensions between Washington and Beijing after months of trade negotiations that had appeared to ease hostilities. In a Truth …

President Donald Trump said Monday that his administration will impose a 100% tariff on all movies produced outside the United States, a dramatic and unprecedented escalation of his broader trade agenda. In a post on Truth Social, Trump declared that the new policy would apply to “any and all movies …

President Donald Trump on Thursday announced sweeping new tariffs targeting a wide range of imported goods — including a 100% tariff on branded prescription drugs, 25% on heavy-duty trucks, and 50% on kitchen cabinets — in what he called a move to protect U.S. manufacturers and reduce reliance on foreign …

President Donald Trump said Saturday he is prepared to impose sweeping sanctions on Russia — but only after all NATO allies agree to take similar steps, including halting their purchases of Russian oil. Trump also urged NATO countries to adopt “50% to 100% tariffs on China,” which he said should …

A federal appeals court on Friday ruled that President Donald Trump had no legal authority to impose sweeping tariffs on nearly every country in the world, dealing a major legal setback to one of his signature economic policies but leaving the duties in place for now. The U.S. Court of …