Tag Archives: Tariffs

President Donald Trump’s threat to impose a 50% tariff on copper imports is sparking widespread alarm among economists and industry leaders, who warn the move could lead to higher prices for appliances, electric vehicles, construction materials, and household repairs. Although the tariff has not yet been officially enacted, copper prices …

President Donald Trump said Tuesday he will impose a 50% tariff on copper imports, a sweeping escalation in his administration’s aggressive trade strategy. Trump also previewed a 200% tariff on pharmaceutical imports, signaling more high-stakes economic maneuvering ahead. “Today, we’re doing copper,” Trump said during a Cabinet meeting. “I believe …

President Donald Trump reignited trade war fears Monday, threatening new 25% tariffs on imports from Japan and South Korea, with additional penalties on goods allegedly transshipped through their countries, just days before a July 9 deadline he set in April. The warning came in the form of two official letters …

The Federal Reserve on Wednesday left its benchmark interest rate unchanged at 4.25% to 4.5%, signaling deepening concern over a stagflationary environment—a troubling mix of slowing growth and rising prices—exacerbated by tariffs imposed during the Trump administration. The Fed’s latest projections paint a pessimistic picture of the months ahead. Policymakers …

Former President Donald Trump on Wednesday announced a tentative trade truce with China, saying Beijing has agreed to ease restrictions on rare earth minerals and magnets critical to American industry, while the U.S. will halt efforts to revoke Chinese student visas. The announcement came via social media following two days …

In a fiery speech to steelworkers at U.S. Steel’s Irvin Works plant on Friday, President Donald Trump announced a doubling of tariffs on steel imports to 50%, up from the current 25%, as part of his broader push to fortify American manufacturing and revive the domestic steel industry. “We’re going …

Former President Donald Trump on Friday accused China of violating a recently agreed-upon trade agreement, just weeks after the two countries announced a temporary easing of tariffs on each other’s imports. In a post on his Truth Social platform, Trump claimed that Beijing had “totally violated” the agreement, though he …

President Donald Trump’s global tariffs can remain in place while the courts examine whether the sweeping import taxes that have roiled worldwide trade reach beyond his presidential authority. The U.S. Appeals Court for the Federal Circuit delivered the order swiftly Thursday, handing Trump a win after a lower trade court blocked …

President Donald Trump pushed back hard Wednesday against the growing perception that he retreats from his own steep tariff threats, denying that he’s “chickening out” and insisting his trade tactics are deliberate negotiating maneuvers designed to pressure foreign governments. Asked about the so-called “TACO” trade — an acronym coined by …

A federal three-judge panel on Wednesday dealt a major blow to President Donald Trump’s trade agenda, ruling that he overstepped his legal authority by imposing sweeping tariffs on U.S. trading partners. The U.S. Court of International Trade said Trump’s actions under the International Emergency Economic Powers Act (IEEPA) lacked clear …

President Donald Trump announced Sunday that the United States will postpone a planned 50% tariff on goods from the European Union until July 9, granting both sides more time to engage in high-level trade negotiations. The decision came after a phone call with European Commission President Ursula von der Leyen, …

President Donald Trump on Friday threatened to impose a sweeping 50% tariff on all European Union imports, escalating a transatlantic trade dispute and sending shockwaves through global financial markets. In a post on his Truth Social platform, Trump declared trade talks with the E.U. were “going nowhere” and said the …

United States  Attorney General Pam Bondi sold millions of dollars’ worth of stock in Trump Media and Technology Group — the parent company of Truth Social — on April 2, the same day former President Donald Trump announced sweeping tariffs on foreign goods, according to a government ethics transaction report …

The United States and China announced Monday a 90-day suspension of major tariffs, marking a dramatic de-escalation in a trade war that had rattled global markets and strained relations between the world’s two largest economies. Under the deal, U.S. tariffs on Chinese imports will drop from 145% to 30%, while …

President Donald Trump announced on Sunday his intention to impose a sweeping 100% tariff on all foreign-produced films entering the United States, arguing that other countries are “stealing” Hollywood’s business and using film as a tool of propaganda. “Hollywood, and many other areas within the U.S.A., are being devastated,” Trump …