Tag Archives: Tariffs

Postal services in multiple countries are halting shipments to the United States this week as governments and couriers scramble to adapt to new U.S. import duties that take effect Friday. President Donald Trump last month signed an executive order abolishing the longstanding “de minimis” trade rule, which since 2016 had …

Canada announced Friday it will lift many of the retaliatory tariffs it imposed on the United States earlier this year, marking a significant thaw in relations between the two countries. Prime Minister Mark Carney said the move will take effect Sept. 1, though tariffs on steel, aluminum and automobiles — …

The United States and the European Union struck a long-awaited tariff framework Thursday, capping duties on pharmaceuticals, semiconductors and lumber imports at 15% after weeks of tense negotiations. The agreement averts the steep tariff hikes threatened by President Donald Trump, who had warned of rates as high as 250% on …

U.S. consumer prices were unchanged in July from the previous month, as falling gas and grocery costs offset tariff-driven increases for some imports, the Labor Department reported Tuesday. The Consumer Price Index rose 2.7% in July from a year earlier, matching June’s pace and up from a post-pandemic low of …

President Donald Trump on Monday extended a trade truce with China for another 90 days, postponing a potentially damaging tariff escalation between the world’s two largest economies. Trump announced on his Truth Social platform that he had signed an executive order continuing the current arrangement, saying “all other elements of …

President Donald Trump on Wednesday unveiled plans to impose a sweeping 100% tariff on imported semiconductors, a move he said is intended to accelerate U.S. efforts to dominate the global microchip industry and reduce reliance on foreign suppliers. Speaking from the Oval Office alongside Apple CEO Tim Cook, Trump said …

The U.S. job market showed alarming weakness in July, with just 73,000 new jobs added and deep revisions to prior data suggesting economic conditions are far worse than previously believed. The latest report from the Bureau of Labor Statistics, released Friday, left the unemployment rate unchanged at 4.2%. But the …

President Donald Trump on Thursday formally imposed sweeping new tariffs on imports from more than 60 countries, issuing an executive order just hours before the administration’s self-imposed midnight deadline. The new tariffs — ranging from 10% to as high as 41% — are set to take effect in seven days …

President Donald Trump signed an executive order Wednesday eliminating a long-standing trade loophole that allowed low-value packages under $800 to enter the United States duty-free, a move that could reshape cross-border e-commerce and intensify trade tensions. The order, which will take effect on August 29, subjects all foreign shipments valued …

Sen. Josh Hawley, R-Mo., introduced legislation Monday to distribute $600 rebate checks to every American adult and child, using revenue generated by President Donald Trump’s expanded tariffs. The proposal mirrors pandemic-era stimulus checks and follows Trump’s recent endorsement of a similar idea. The bill, which sets up a system of …

President Donald Trump on Sunday announced a long-awaited trade deal with the European Union, setting tariffs at 15% on most goods and staving off a potentially damaging economic standoff between the two transatlantic allies. Speaking alongside European Commission President Ursula von der Leyen, Trump described the deal as “satisfactory to …

President Donald Trump announced Tuesday that his administration has reached a new trade agreement with Japan, one of the United States’ top trading partners, that will reduce tariffs on Japanese imports to 15%. The announcement comes just days before Trump’s self-imposed August 1 trade deadline and is being hailed by …

Commerce Secretary Howard Lutnick said Sunday the Biden administration is holding firm to its Aug. 1 deadline for new tariffs on dozens of U.S. trading partners, expressing optimism that President Donald Trump’s aggressive trade strategy will yield major new agreements in the coming days. “The next two weeks are going …

In a dramatic escalation aimed at pressuring Russia to end its war in Ukraine, President Donald Trump on Monday announced plans to impose 100% tariffs on any country that continues to do business with Moscow if a peace agreement is not reached within the next 50 days. “We’re going to …

President Donald Trump on Saturday sharply escalated his renewed trade war, announcing sweeping 30% tariffs on all goods imported from the European Union and Mexico starting August 1 — and vowing even higher rates if either country retaliates. In two separate letters posted on Truth Social, Trump said the tariff …