Tag Archives: Tariffs

President Donald Trump signed an executive order Wednesday eliminating a long-standing trade loophole that allowed low-value packages under $800 to enter the United States duty-free, a move that could reshape cross-border e-commerce and intensify trade tensions. The order, which will take effect on August 29, subjects all foreign shipments valued …

Sen. Josh Hawley, R-Mo., introduced legislation Monday to distribute $600 rebate checks to every American adult and child, using revenue generated by President Donald Trump’s expanded tariffs. The proposal mirrors pandemic-era stimulus checks and follows Trump’s recent endorsement of a similar idea. The bill, which sets up a system of …

President Donald Trump on Sunday announced a long-awaited trade deal with the European Union, setting tariffs at 15% on most goods and staving off a potentially damaging economic standoff between the two transatlantic allies. Speaking alongside European Commission President Ursula von der Leyen, Trump described the deal as “satisfactory to …

President Donald Trump announced Tuesday that his administration has reached a new trade agreement with Japan, one of the United States’ top trading partners, that will reduce tariffs on Japanese imports to 15%. The announcement comes just days before Trump’s self-imposed August 1 trade deadline and is being hailed by …

Commerce Secretary Howard Lutnick said Sunday the Biden administration is holding firm to its Aug. 1 deadline for new tariffs on dozens of U.S. trading partners, expressing optimism that President Donald Trump’s aggressive trade strategy will yield major new agreements in the coming days. “The next two weeks are going …

In a dramatic escalation aimed at pressuring Russia to end its war in Ukraine, President Donald Trump on Monday announced plans to impose 100% tariffs on any country that continues to do business with Moscow if a peace agreement is not reached within the next 50 days. “We’re going to …

President Donald Trump on Saturday sharply escalated his renewed trade war, announcing sweeping 30% tariffs on all goods imported from the European Union and Mexico starting August 1 — and vowing even higher rates if either country retaliates. In two separate letters posted on Truth Social, Trump said the tariff …

President Donald Trump on Thursday announced sweeping new tariffs on Canadian imports, threatening to impose a 35% tax starting August 1 in what could mark a major escalation of trade tensions with one of the United States’ closest allies and largest trading partners. In a letter addressed to Canadian Prime …

U.S. Democratic lawmakers argued in a new legal filing this week that President Donald Trump’s sweeping emergency tariffs usurped congressional power, and they urged a federal appellate court to strike down the duties on foreign imports. The U.S. Court of Appeals for the Federal Circuit is set to hear oral …

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 …