tariffs

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Indonesia Confirms Deal, Flags Trump's Negotiating Prowess

Indonesia is 'going to pay 19% and we are going to pay nothing,' Trump said

(Newser) - Indonesia's president on Wednesday confirmed what President Trump announced Tuesday: that a trade deal has been reached between the two countries. The New York Times quotes Prabowo Subianto as calling Trump "quite a tough negotiator"; indeed, a rep for Prabowo told Reuters the deal came as the result...

Trump Floats Yet More Tariffs
Trump Flirts With More Tariffs
Jul 16, 2025 5:03 AM CDT

Trump Flirts With More Tariffs

Tells reporters he'll likely put tariffs of over 10% on smaller nations

(Newser) - President Trump told reporters Tuesday that he plans to place tariffs of over 10% on smaller countries, including nations in Africa and the Caribbean, the AP reports. "We'll probably set one tariff for all of them," Trump said, adding that it could be "a little over...

Port of LA Breaks Records as Shippers Race Against Clock

Officials expect a major slowdown will begin next month

(Newser) - The Port of Los Angeles recorded its busiest June ever, processing over 892,000 shipping containers as importers scrambled to outpace incoming tariffs on Chinese goods. The new record, an 8% jump from last year, was propelled by companies accelerating shipments ahead of a looming August 12 deadline for...

Trump Makes Surprise Call to BBC, Spills on Putin, NATO

US president says he's 'disappointed' in Russian leader: 'I trust almost nobody'

(Newser) - In a somewhat unexpected phone interview with the BBC, President Trump said he's "disappointed but not done" with Russia's Vladimir Putin, adding, "I trust almost nobody"—a comment delivered shortly after Washington announced new weapons shipments to Ukraine and threatened tariffs on Russia if...

The 'Tomato Tax' Is Here
The 'Tomato Tax' Is Here
Jul 15, 2025 3:01 AM CDT

The 'Tomato Tax' Is Here

New tariff expected to raise prices and limit tomato choices nationwide

(Newser) - American shoppers may soon find their favorite tomatoes pricier and harder to find as a new 17% tariff on Mexican imports shakes up the produce aisle and reignites a decades-old trade battle, the New York Times reports. The Trump administration imposed the tariff, effective immediately, on most Mexican tomato...

New US Copper Mine Is on the Fast Track

Copper prices have soared since Trump announced 50% tariff on imports

(Newser) - Ivanhoe Electric is moving quickly to develop what could be the first major new US copper mine in over a decade, targeting a 6,000-acre site of former farmland in Arizona. If the plan holds, construction at the Santa Cruz mine could begin next year, with copper production and...

Bitcoin Notches Record as 'Crypto Week' Starts

Cryptocurrency hits $123K

(Newser) - Bitcoin's big run continues: The cryptocurrency rose above $120,000 for the first time, climbing to more than $123,000 on Monday morning before falling back, reports Reuters . The rise comes with US lawmakers on the brink of pro-crypto legislation long awaited by the industry, per the AP...

Trump Gives Russia a 50-Day Deadline on Ukraine

He says country will face 'very severe tariffs' if there is no deal to end Ukraine war

(Newser) - "I use trade for a lot of things," President Trump said Monday. "But it's great for settling wars." During a meeting with NATO Secretary General Mark Rutte in the Oval Office, Trump threatened to hit Russia with "very severe tariffs" if there was no...

You May Want to Stock Up on New Sneakers Now

It's a 'chilling environment' in footwear industry as Trump's tariffs are set to hit exporting nations hard

(Newser) - President Trump is in the midst of another tariffs frenzy this month , with the footwear industry in particular expressing concern over what happens next. The upshot, per Axios : "You may pay a lot more for your next few pairs of shoes." The outlet notes that most shoes imported...

Economists Somewhat Less Concerned in Latest WSJ Survey

Though the paper warns that could change if new tariff threats are carried out

(Newser) - The Wall Street Journal 's latest quarterly survey of economists found that they are currently feeling a bit sunnier about the impact of President Trump's economic policies. Specifically, they are less concerned about a recession and expect more jobs and growth (and less inflation) than they did the...

EU Delays Retaliatory Tariffs, Will Pursue Deal With US
EU Holds Off on US Tariffs
Jul 13, 2025 10:30 AM CDT

EU Holds Off on US Tariffs

'We prefer a negotiated solution,' leader says

(Newser) - The EU will suspend retaliatory tariffs on US goods scheduled to take effect Monday in hopes of reaching a trade deal with the Trump administration by the end of the month. "This is now the time for negotiations," European Commission President Ursula von der Leyen told reporters in...

Trump Slaps Tariffs on 2 Major Trading Partners

He says 30% tariffs on imports from Mexico, European Union will kick in on Aug. 1

(Newser) - President Trump announced Saturday that he is levying tariffs of 30% against the European Union and Mexico, starting Aug. 1. Trump announced the tariffs on two of the United States' biggest trade partners in letters posted on Truth Social, the AP reports. In his letter to Mexico's leader , Trump...

Trump Announces 35% Tariff on Canadian Goods

That's quite a hike to the 25% announced in February

(Newser) - President Trump posted a letter to social media Thursday evening announcing Canadian goods will be subject to a 35% tariff rate starting Aug. 1, an aggressive increase to the 25% tariff first announced by Trump in February, the AP reports. Trump justified the tariffs as necessary to manage America's...

Brazil Pledges Retaliatory Tariffs If Trump Acts

Lula says he'll match US, 50-50

(Newser) - Brazilian President Luiz Inácio Lula da Silva said Thursday that he will impose retaliatory tariffs on the US if President Trump follows through on a pledge to boost import taxes by 50% over the South American country's criminal trial of his predecessor, Jair Bolsonaro. Lula said he will...

Trump, Citing 'Witch Hunt,' Slaps Steep Tariff on Brazil

He says Bolsonaro prosecution is an 'international disgrace'

(Newser) - After announcing smaller tariffs on seven smaller countries Wednesday, President Trump declared that imports from Brazil, one of the biggest US trading partners in the Americas, will be hit with a 50% tariff on Aug. 1. Most of Trump's tariff letters have been almost identical, but the letter to...

Schumer: Trump Is 88 Countries Short of Promise

President announces tariffs on 7 more countries

(Newser) - President Trump sent tariff letters to seven more countries Wednesday as Senate Minority Leader Chuck Schumer criticized him for falling 88 countries short of his goal of 90 trade deals. "Ninety days ago Donald Trump promised the world that his tariffs would lead to 90 deals in 90 days,...

Well, Prime Day(X4) Has Arrived
Well, Prime Day(X4) Has Arrived
Jul 8, 2025 9:30 AM CDT

Well, Prime Day(X4) Has Arrived

Amazon extends Prime Day to 4 days as retailers weigh tariff-related price increases

(Newser) - Well, it's Prime Day, or Prime Day multiplied by four, as it happens this year . As the AP reports, Amazon is extending its annual Prime Day and offering new membership perks to Gen Z shoppers amid tariff-related worries and possibly some consumer boredom with an event in its 11th...

Trump Announces Tariffs on 5 More Countries
Trump Unveils Tariffs
on 12 More Countries
UPDATED
Jul 7, 2025 4:21 PM CDT

Trump Unveils Tariffs on 12 More Countries

Goods from Myanmar, Laos will face 40% tariffs

(Newser) - President Trump followed up his announcement of 25% tariffs on Japan and South Korea Monday with a slew of other tariff letters. Trump announced tariffs on 12 more countries and White House press secretary Karoline Leavitt said the president plans to release more letters in the days to come, CNN...

Markets Fall as Trump Hits Japan, S. Korea With Tariffs

He also warns them not to retaliate

(Newser) - It's expected to be a busy week on the tariffs front, and President Trump just announced his first two moves. Trump sent letters to South Korea and Japan informing them that the US would start collecting a 25% tariff on all goods they ship to the US, effective Aug....

Trump to Start Sending Tariff Rate Letters

Indicates tariffs of anywhere from 10% to 70% will be imposed

(Newser) - "Ten or 12" letters are being sent from President Trump to some of America's trading partners on Friday, with more to follow "over the next few days," per the president. The letters will detail the tariff rates those countries will pay starting next month. The...

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