Tag Archives: Tariffs

Goods prices were on track to fall. Then the tariffs hit, and the New York Fed just put a number on what it cost you. A new study from the Federal Reserve Bank of New York has done the math on one of the biggest questions in the economy: how …

U.S.-Canada trade tensions escalated Tuesday as the Trump administration’s ban on nearly $1 billion worth of Canadian imports, including alcoholic beverages, dairy products and motorcycles, took effect. The ban represents a small fraction of the roughly $880 billion in annual two-way trade between the neighboring countries, but it marks another …

Canada has imposed a new round of retaliatory tariffs on U.S. goods, escalating a trade dispute between the two North American allies after weeks of negotiations failed to produce an agreement. The tariffs took effect at 12:01 a.m. Eastern time Tuesday, Sept. 8, with rates ranging from 15% to 50%. …

President Donald Trump announced Monday that the United States will raise tariffs on Canadian automobiles, steel, automotive parts and trucks to 50% beginning Jan. 1, 2027, escalating a trade dispute that erupted after U.S.-Canada negotiations collapsed last week. Trump said the new tariffs would apply to “all Cars, Trucks, both …

Canada is preparing to impose dollar-for-dollar retaliatory tariffs on U.S. goods beginning Sept. 8, Prime Minister Mark Carney said Saturday, escalating a trade war with Washington after last-minute negotiations failed to prevent new American tariffs on Canadian products. Carney said Canada’s retaliation will target a broad range of U.S. exports, …

President Donald Trump’s decision to suspend tariffs on certain ground beef imports triggered an unusual backlash from Republicans on Friday, with lawmakers from major cattle-producing states warning that the policy could undermine American ranchers even as the administration seeks to lower grocery prices. Trump announced Friday that the United States …

A trade agreement between the United States and Canada collapsed just before midnight Friday, dealing a major setback to negotiations between the two traditionally close trading partners and triggering 50% U.S. tariffs on roughly $20 billion worth of Canadian goods. The tariffs took effect after Canadian and U.S. negotiators failed …

President Donald Trump on Tuesday delayed plans to impose 50% tariffs on about $20 billion worth of Canadian imports after the United States and Canada reached a last-minute agreement to continue negotiations. Trump announced the three-day pause on Truth Social less than two hours before the tariffs were scheduled to …

Families sending children back to school this fall are confronting more than the usual scramble for pencils, notebooks and lunch boxes. They’re facing a sharply higher bill — while some immigrant families are also preparing for the possibility that a parent could be detained. A new analysis from the Century …

The Trump administration announced Thursday that new tariffs targeting imports from 60 foreign economies will take effect Friday, replacing the temporary 10% import duty that expires at midnight Eastern time. The Office of the U.S. Trade Representative said the new tariffs, ranging from 10% to 12.5%, are the result of …

President Donald Trump announced a new round of 50% tariffs on a broad range of Canadian imports Monday, significantly escalating trade tensions between the United States and one of its largest trading partners. The new tariffs, outlined in a series of presidential proclamations, are scheduled to take effect Aug. 19 …

The administration of President Donald Trump has refunded more than $20 billion in tariffs to importers and shipping companies after the Supreme Court of the United States struck down a central part of Trump’s trade policy earlier this year. According to a court filing submitted Tuesday, the administration had collected …

A federal trade court ruled Thursday that President Donald Trump exceeded his legal authority when he imposed a new round of 10% global tariffs earlier this year, dealing another major blow to the administration’s aggressive trade agenda. In a 2-1 decision, a three-judge panel on the United States Court of …

The federal government will launch a new online portal next week allowing businesses to seek refunds for tariffs ruled illegal by the U.S. Supreme Court, potentially opening the door to as much as $175 billion in repayments — though companies may face a complicated and lengthy process to recover their …

The administration of Donald Trump is racing to replace billions of dollars in lost tariff revenue after the U.S. Supreme Court struck down a major portion of the president’s trade agenda last month. If the administration’s new tariffs move forward, American households could pay an average of $2,512 in import …