trade war

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China Sees $500B Trade Surplus by Redirecting Exports

It's sending goods to Southeast Asia, Europe, Latin America instead of to the US amid steep tariffs

(Newser) - China is once again shaking up global trade, but this time the disruption isn't hitting the United States directly. After being squeezed by President Trump's tariffs, Chinese factories are redirecting exports—everything from toys to electric vehicles—to markets in Southeast Asia, Europe, and Latin America. The...

Americans Put the Brakes on Their Spending Spree

Consumers turn cautious and retail sales slide after a spring binge to beat tariffs

(Newser) - Retail sales fell sharply in May as consumers pulled back from a spending surge earlier this year to get ahead of President Trump's sweeping tariffs on nearly all imports. Sales at retail stores and restaurants dropped 0.9% in May, the Commerce Department said Tuesday, after a decline of...

Latest Hit From Trump's Trade War: Household Appliances

A range of products will see expanded steel tariffs later this month; consumers may pay for it

(Newser) - If you've been putting off buying a new dishwasher, fridge, or washing machine to try to wait out the Trump administration's tariffs blitz, you may be waiting a little longer. On Thursday, the Commerce Department put up a notice that a range of household appliances will be hit...

World Bank Sees US Growth Being Cut in Half

Lender blames the effects of tariffs

(Newser) - The World Bank forecast on Tuesday that President Trump's trade wars are expected to slash economic growth this year in the United States and around the world, per the AP . Citing "a substantial rise in trade barriers'' but without mentioning Trump by name, the 189-country lender predicted...

Trump's Punishing Steel, Aluminum Tariffs Kick In
Trump's Punishing
Steel, Aluminum
Tariffs Kick In
the rundown
Jun 4, 2025 7:53 AM CDT

Trump's Punishing Steel, Aluminum Tariffs Kick In

President announced jump from 25% to 50% on Friday

(Newser) - Steel and aluminum imports into the US just got hit with a heavy blow, with President Trump doubling tariffs to 50% at 12:01am Wednesday and challenging America's trading partners to strike last-minute deals or face stiffer penalties in July. The heightened duties, which CNN reports were announced...

Consumers Hedge on Shopping, but Not Here

Dollar General posts record sales amid tariffs; its stock rises, as does Dollar Tree's

(Newser) - Dollar General set a quarterly sales record and upgraded its annual profit and sales outlook as Americans tighten their budgets and spend more at bargain stores amid economic uncertainty. The US economy shrank at a 0.2% annual pace from January through March, the first drop in three years, as...

Amid Tariffs, Wedding Vendors 'Are Shaking in Their Boots'

The industry is taking a hit, with rising prices for cake, flowers, attire as Trump trade war rages on

(Newser) - Krista Vasquez had her heart set on getting married in a body-hugging, halter-style gown from Spain. In April, the Atlanta paramedic learned her dream dress would cost nearly $300 more due to new US tariffs on imported goods. After finding that other dresses from Europe came with tariff-driven price increases...

Trump Tries to Ease Workers' Minds on Nippon-US Steel Deal

President says US Steel will 'stay an American company,' vows to double steel tariffs to 50%

(Newser) - President Trump on Friday told Pennsylvania steelworkers he's doubling the tariff on steel imports to 50% to protect their industry, a dramatic increase that could further push up prices for a metal used to make housing, autos, and other goods. In a post later on his Truth Social platform,...

Trade Court Throws Out Tariffs, Ruling Trump Lacks Authority

Three-judge panel doesn't buy national emergency argument

(Newser) - President Trump does not have the authority to impose broad tariffs on imports, a federal court ruled Wednesday, rejecting the argument that the 1977 International Emergency Economic Powers Act gives him that power. The US Court of International Trade had been asked to issue an injunction in the case involving...

Vietnam, Under Tariff Pressure, OKs $1.5B Trump Development

Family company is also exploring building a skyscraper in Ho Chi Minh City

(Newser) - Just before beginning negotiations to avert President Trump's imposition of a 46% tariff, Vietnam has approved a $1.5 billion plan by the Trump Organization to build golf courses, hotels, and other projects there. The US trade deficit with Vietnam hit $123 billion in 2024, partly driven by imports...

Consumer Sentiment Near an All-Time Low

New index defies predictions that sentiment would rise in May

(Newser) - Americans appear to be growing more anxious about the economy, with consumer sentiment dropping for the fifth straight month to reach a three-year low. Details:
  • A closely watched index out of the University of Michigan fell to 50.8 in May, down roughly 3% from April's 52.2.
...

Walmart: We're Raising Prices Over Tariffs

Retail giant says consumers will soon see the increases

(Newser) - President Trump's tariffs are just "too high," according to Walmart, which says it will raise prices, including on some food items, in response. Walmart CEO Doug McMillon said Thursday that tariffs on China are pushing up the costs of electronics and toys, while tariffs on Costa Rica,...

Carney: Trump Is 'Willing to Negotiate'

Trump says meeting with Canadian PM was 'great'

(Newser) - President Trump complained once again about the US "subsidizing" Canada in a Truth Social post before his meeting with Prime Minister Mark Carney on Tuesday—but both men sounded upbeat about US-Canada relations after the meeting. At a press conference at the Canadian embassy, Carney said that after "...

Carney Will Have First Meeting With Trump Next Week

'Do not expect white smoke out of that meeting,' he says

(Newser) - Canadian Prime Minister Mark Carney will head to Washington next week for his first meeting with President Trump. The meeting, set for Tuesday, comes just days after Carney's Liberal Party pulled off a comeback win in an election many saw as a response to Trump's ongoing trade...

Trump to Revisit Auto Industry Tariffs
Trump's 'Significant
Reversal' on Auto Tariffs
UPDATED
Apr 29, 2025 7:52 PM CDT

Trump's 'Significant Reversal' on Auto Tariffs

He signs executive order to ease impact on US automakers

(Newser) - President Trump signed an executive order on Tuesday to relax some of his 25% tariffs on autos and auto parts, a significant reversal as the import taxes threatened to hurt domestic manufacturers. Automakers and independent analyses have indicated that the tariffs could raise prices, reduce sales, and make US production...

Coke Calls Tariffs 'Manageable' After Upbeat Quarter

Coca-Cola says it has 'numerous levers' to pull

(Newser) - Coca-Cola reported better-than-expected earnings in the first quarter and said the impact of tariffs on its business are likely to be "manageable," per the AP .
  • Revenue fell 2% to $11.1 billion in the January-March period, the company said Tuesday. Adjusted for one-time items, including currency fluctuations, Coke
...

Amazon May Spell Out What Tariffs Are Costing You

Meanwhile, online retailer is bracing for price hikes on China-made products

(Newser) - Earlier this month, economic effects from the Trump administration's tariffs blitz hadn't yet made their way to Amazon, though that's been changing in recent days as vendors have started to raise their prices, stating that keeping their costs to consumers the same amid the trade war is...

Amid Tariffs, Thrift Shops Could See a Boom

Secondhand stores, resale sites stand to profit as new clothing, shoes see prices rise in trade war

(Newser) - Stores selling secondhand clothes, shoes, and accessories are poised to benefit from President Trump's trade war, even as businesses the world over race to avert potential damage, per industry experts. The Yale University Budget Lab last week estimated short-term consumer price increases of 65% for clothes and 87% for...

In Canadian Travel Circles, 'Near-Total Collapse of US Business'

Neighbors to the north are hedging on travel to the US amid Trump's verbal attacks, tariffs

(Newser) - Trump's attacks on Canada's economy via his tariffs-driven trade war and threats to make it the 51st state have infuriated Canadians, who are canceling trips to the United States in big numbers. They also seem to have flipped the narrative heading into Canada's parliamentary elections on Monday,...

China Says US Must Drop All Tariffs If It Wants Talks

'The person who tied the bell must untie it'

(Newser) - China on Thursday denied any suggestion that it was in active negotiations with the administration of President Trump over tariffs, saying that any notion of progress in the matter was as groundless as "trying to catch the wind," the AP reports. China's comments come after Trump said...

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