Tag Archives: Tariffs

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 …

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 …