trade war

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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...

Temu and Shein Have Some Bad News for Consumers

Chinese retailers say they'll be raising prices to offset Trump administration's tariffs

(Newser) - US customers who continue to buy from Chinese fast-fashion retailers Temu and Shein could soon be seeing higher prices for their orders. Both retailers have warned US customers of price increases beginning next week in response to US-imposed tariffs on Chinese imports, per the Guardian . On May 2, the "...

Hong Kong Suspends Parcels to 'Bullying' US
Hong Kong: No More
Parcels to the US
Apr 16, 2025 11:33 AM CDT

Hong Kong: No More Parcels to the US

Hongkong Post cites 'exorbitant and unreasonable fees' tied to tariffs

(Newser) - Hong Kong's post office will stop shipping small parcels to the United States after Washington announced plans to charge tariffs on small-value parcels from the southern Chinese city, the government said Wednesday, per the AP . The US government earlier announced that it would end a customs exception allowing small-value...

Trump: China Has 'Reneged' on Boeing Deal

Sources tell Bloomberg that Beijing has ordered airlines to stop accepting deliveries of Boeing aircraft

(Newser) - Boeing is caught in the middle of the US-China trade war and it might end up stuck with aircraft that Chinese buyers won't accept. Sources tell Bloomberg that China has ordered the country's airlines to stop taking deliveries of Boeing aircraft, as well as parts and equipment from...

Xi on Trump's Tariffs: 'No Winners in a Trade War'

Chinese leader is on tour of Southeast Asia to shore up alliances amid tariffs conflict with US

(Newser) - China's leader Xi Jinping said no one wins in a trade war as he kicked off a diplomatic tour of Southeast Asia on Monday, presenting China as a force for stability in contrast with President Trump's latest moves on tariffs. Although Trump has paused some tariffs, he has...

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