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 …
Read More »U.S. Reaches New Trade Frameworks With Four Latin American Nations
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 …
Read More »Tariffs Push Up Artificial Christmas Tree Prices Nationwide
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 …
Read More »Supreme Court Conservatives Signal Doubts Over Trump’s Sweeping Tariff Powers
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 …
Read More »Senate Rebukes Trump’s Tariffs as Bipartisan Majority Votes to Roll Back Global Trade Duties
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 …
Read More »Trump, Xi Poised for Limited Breakthrough in Busan Summit Amid Trade, Tech Tensions
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 …
Read More »U.S., China Near Deal to Avert 100% Tariffs as Trump, Xi Plan Meetings
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 …
Read More »Trump Ends All Trade Talks with Canada Over TV Ads
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 …
Read More »Trump Slaps 100% Tariff on Chinese Goods, Rekindling Trade War
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 …
Read More »Trump Threatens 100% Tariff on All Foreign-Made Movies
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 …
Read More »Trump Slaps 100% Tariffs on Imported Drugs, Expands Trade War to Trucks and Furniture
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 …
Read More »Trump Pressures NATO Allies to Sanction Russia, Tariff China
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 …
Read More »Appeals Court Deals Blow to Trump’s Sweeping Tariffs
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 …
Read More »Postal Services Suspend U.S. Shipments as Trump Ends Duty-Free Loophole
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 …
Read More »Canada Lifts Many Retaliatory Tariffs on U.S. Goods, Keeps Key Duties on Steel and Autos
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 — …
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