Tag Archives: Tariffs

In a dramatic escalation of the U.S.–China trade war, White House press secretary Karoline Leavitt confirmed Tuesday that the United States will impose a 104% tariff on all goods imported from China, effective 12:01 a.m. EDT on Wednesday. The move follows through on President Donald Trump’s warning issued Monday on …

President Donald Trump on Monday issued a sharp warning to China, threatening to impose an additional 50% tariff on all Chinese imports if the country does not withdraw its planned 34% retaliatory import tax on American goods. The warning, delivered via Trump’s Truth Social account, marks a dramatic escalation in …

Aboard Air Force One, President Donald Trump declared Sunday that his sweeping tariffs on imports from most of the world will remain in place unless other countries eliminate trade deficits with the U.S. “We’re not going to have deficits with your country,” Trump said. “To me, a deficit is a …

Treasury Secretary Scott Bessent on Sunday sought to calm public concerns about the possibility of a recession and plummeting retirement savings, asserting that President Donald Trump’s administration is focused on long-term prosperity despite market volatility. During an interview on NBC’s “Meet the Press,” Bessent called recent fears surrounding the stock …

Stocks took a nosedive on Thursday, wiping out trillions in market value, as President Donald Trump’s sweeping new tariffs shook investor confidence and triggered a global sell-off. The Dow Jones Industrial Average plummeted 1,679 points, or 4%, closing at 40,546. The S&P 500 suffered its worst single-day loss since the …

In a rare challenge to President Donald Trump, a group of Senate Republicans joined Democrats on Wednesday to pass a resolution blocking tariffs on Canadian imports. The Senate voted 51-48 in favor of the measure, with four Republicans—Sens. Susan Collins (Maine), Rand Paul (Kentucky), Mitch McConnell (Kentucky), and Lisa Murkowski …

President Donald Trump has unveiled a sweeping set of tariffs on imports from around the world, including a baseline 10% tariff on all U.S. imports and higher “reciprocal tariffs” on specific countries, in an aggressive move to reshape U.S. trade policy. The announcement, made Wednesday in the White House Rose …

The U.S. stock market suffered its worst quarter in over two years, with the S&P 500 falling 4.5% and the Nasdaq plunging 10.4% in the first three months of 2025. The Dow Jones Industrial Average fared slightly better but still recorded a 1.3% decline, marking its first back-to-back monthly loss …

President Donald Trump announced Sunday that his upcoming reciprocal tariffs will apply to all nations, rather than being limited to 10 to 15 countries with the largest trade imbalances. Speaking to reporters aboard Air Force One, Trump reaffirmed his commitment to leveling the global trade playing field, stating: “You’d start …

President Donald Trump remains unmoved by concerns that his recent trade policies will lead to increased car prices, saying he “couldn’t care less” if automakers raise prices due to new tariffs. In a wide-ranging interview with NBC News on Saturday, Trump defended his decision to impose a 25% tariff on …

President Donald Trump announced Wednesday that the U.S. will impose a 25% tariff on all imported cars and auto parts, a move expected to drive up new car prices and disrupt the auto industry. The White House later clarified that foreign-made auto components—even those used in cars assembled in the …

The European Union released a lengthy list Wednesday of U.S. goods, from Kentucky bourbon to household appliances, slated for retaliatory tariffs in response to President Donald Trump’s taxes on steel and aluminum imports that went into effect overnight. The 27-nation bloc announced late Tuesday it plans to impose the countermeasures …

President Donald Trump is brushing off concerns from business leaders over his planned tariffs on major U.S. trading partners, dismissing fears of economic uncertainty and the potential for a recession. Despite market turmoil and warnings from economists, Trump remains firm on his approach, asserting that the policy will ultimately benefit …

President Donald Trump has granted temporary exemptions to sweeping tariffs imposed earlier this week on goods coming from Mexico and Canada, the White House announced Thursday. The decision comes after intense pushback from businesses and investors concerned about the economic impact of the new trade measures. The exemptions apply to …

In a move to alleviate pressure on American automakers, President Donald Trump has granted a one-month exemption from the latest round of trade tariffs, White House press secretary Karoline Leavitt announced Wednesday. The decision follows discussions between Trump and executives from Ford, General Motors, and Stellantis, collectively known as the …