Tag Archives: Tariffs

Amazon has scrapped an internal proposal to display tariff-related import charges on its Amazon Haul platform, following sharp backlash from the White House and a direct call from President Donald Trump to Amazon founder Jeff Bezos. The idea, never implemented, would have disclosed how much Trump-era tariffs added to the …

In a late-night development Friday, U.S. Customs and Border Protection released guidance clarifying that smartphones, laptops, and other core tech components will be exempt from President Donald Trump’s new 145% tariffs on Chinese goods, offering critical relief to major U.S. tech firms like Apple. The decision comes just weeks after …

A rapid rise in the stock market following President Donald Trump’s Truth Social post encouraging Americans to buy stocks — shortly before his surprise announcement easing tariffs — has sparked a growing demand among Democrats for a federal investigation into possible insider trading or market manipulation. At the center of …

In a stunning reversal, President Donald Trump announced Wednesday that he is pausing his most aggressive round of tariff hikes for 90 days for most U.S. trading partners—while simultaneously increasing duties on China to an unprecedented 125%. Trump’s decision, shared in a social media post at 1:26 p.m., came just …

A new round of sweeping import taxes — among the steepest in U.S. history — is now in effect, as President Trump follows through on his so-called “reciprocal trade plan” aimed at punishing countries that run trade surpluses with the U.S. Effective Wednesday at 12:01 a.m. EDT, the White House …

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 …

President Donald Trump’s latest round of sweeping tariffs is expected to hit low-income Americans the hardest, economists warn, as the rising cost of essential goods disproportionately impacts families with tighter budgets. The new trade measures, which include a 40% tariff on goods from Vietnam, Sri Lanka, and Cambodia, and an …

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 …