Tag Archives: Tariffs

President Donald Trump signed a proclamation Friday night imposing a new 10% tariff on most foreign imports to the United States, moving swiftly to revive his trade agenda just hours after the U.S. Supreme Court struck down an earlier set of sweeping tariffs. The new tariffs will take effect Monday …

The U.S. Supreme Court delivered a major setback to President Donald Trump on Friday, ruling 6–3 that he exceeded his authority when he imposed sweeping global tariffs under a law reserved for national emergencies. The justices held that Trump’s broad tariffs on imports from dozens of countries were not authorized …

President Donald Trump’s top economic adviser on Wednesday urged punishment for Federal Reserve economists after a new study concluded that U.S. companies and consumers are paying for nearly all of the tariffs imposed by the White House last year. “The paper is an embarrassment,” Kevin Hassett, director of the White …

The House voted Wednesday to overturn President Donald Trump’s tariffs on Canada, with six Republicans joining nearly all Democrats in a bipartisan rebuke of a key pillar of the president’s trade agenda. The resolution, introduced by Rep. Gregory Meeks, D-N.Y., passed 219-211. But the measure is largely symbolic for now: …

President Donald Trump on Wednesday abruptly scrapped the tariffs he had threatened to impose on eight European nations in a bid to pressure Denmark and NATO into ceding control of Greenland, reversing course hours after insisting the United States wanted the island “including right, title and ownership.” In a post …

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 …