tariffs

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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 Threat of Tariffs, a New Wave of Customs Fraud

Fraudulent schemes offer US importers ways to sidestep steep duties

(Newser) - As the US prepares to ( maybe ) ramp up tariffs on foreign goods, a surge of shadowy offers from overseas shippers promising to make the taxes "disappear" has ignited a new wave of customs fraud—leaving honest American businesses scrambling to keep up. As tariffs imposed by...

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,...

Trump Slams China, and Markets Dip
Trump Slams China,
and Markets Dip
May 30, 2025 9:00 AM CDT

Trump Slams China, and Markets Dip

President accuses Beijing of violating new trade deal

(Newser) - The good vibes with China aren't so good anymore. President Trump on Friday lashed out at Beijing, accusing it of violating a new deal with the US on trade, reports the Wall Street Journal . Markets slumped in response, with Dow opening down about 100 points, or roughly 0.3%,...

Appeals Court Reinstates Trump Tariffs
Appeals Court
Reinstates
Trump Tariffs
UPDATED
May 29, 2025 4:35 PM CDT

Appeals Court Reinstates Trump Tariffs

Ruling came after a second federal court found tariffs issued under emergency powers unlawful

(Newser) - President Trump's tariffs were reinstated by a federal appeals court ruling on Thursday. The court's ruling came after a second federal court found that an emergency powers law does not give Trump authority to enact tariffs, and that most of the ones he's already ordered after invoking...

Court Ruling Blows Up Trump's Tariff Leverage
Court Ruling Blows Up
Trump's Tariff Leverage
the rundown
May 29, 2025 6:11 AM CDT

Court Ruling Blows Up Trump's Tariff Leverage

Federal body invalidates most of them, and world markets are happy

(Newser) - President Trump upended world trade with his tariffs. Wednesday's decision from a federal court upends Trump's ability to continue upending things. For now, markets are thrilled that the court has taken away Trump's ability to wield most tariffs the way he has, but the administration plans to...

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...

Trump Lashes Out at 'Nastiest Question'

He was asked about the term TACO, standing for 'Trump always chickens out'

(Newser) - President Trump isn't happy about a term coined by Financial Times reporter Robert Armstrong for markets' reaction to his tariffs: TACO, standing for "Trump always chickens out." Trump was clearly irritated when a reporter asked him about the term on Wednesday. "I've never heard that....

Trump: I'll Delay 50% EU Tariff
Trump: I'll Delay
50% Tariff on EU
May 26, 2025 1:30 AM CDT

Trump: I'll Delay 50% Tariff on EU

US president says he got a call from the president of the European Commission

(Newser) - President Trump announced Sunday that he would delay his threatened 50% tariff on the European Union to July 9. "I received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension on the June 1st deadline on the 50% Tariff with respect to...

Farming Was Tough for Them. Here's How It Got Worse
Farming Isn't Easy.
All of a Sudden, It's Worse
longform
May 25, 2025 11:30 AM CDT

Farming Isn't Easy. All of a Sudden, It's Worse

The Washington Post looks at how one Kansas family is weathering funding changes

(Newser) - "I thought it would be easier by now." So says Jacob Thomas of the 10 years he and wife Jennifer have spent farming land in northeast Kansas. Their 70-year-old family farm—spanning 15 acres of vegetables and over 500 acres for hay and livestock—relies in part...

Trump Clarifies: I'll Go After Samsung, Too

President says tariffs on foreign-made phones would apply to all makers, not just Apple

(Newser) - President Trump on Friday clarified that his threat to impose tariffs on smartphones made outside the US applies to all manufacturers, not just Apple. In the morning, Trump warned in a Truth Social post that he would put a 25% tariff on Apple iPhones unless the company starts making them...

Trump Makes Big Threat Against Apple

President threatens 25% tariff unless iPhones are made in the US

(Newser) - President Trump's latest tariff threat is directed at Apple—he is threatening a 25% penalty unless the company starts making iPhones in the US, reports NBC News . Most are currently made in China, though CNBC notes that the company has been recently moving some production to India.
  • "I
...

Nike: Yep, We're Raising Prices
Nike: Yep, We're Raising Prices
May 22, 2025 1:30 AM CDT

Nike: Yep, We're Raising Prices

Footwear giant doesn't specifically cite tariffs as the reason

(Newser) - As President Trump's tariffs loom, Nike plans to raise prices on many of its footwear and apparel products. A source who spoke to CNBC didn't specifically mention tariffs, but said products for adults will increase in price anywhere from $2 to $10. The new prices will be reflected...

Home Depot Doesn't Expect Tariff Price Hikes

Company says it has spent years diversifying the sources of its products

(Newser) - Home Depot doesn't expect to raise prices because of tariffs, saying it has spent years diversifying the sources for the goods on its shelves. Billy Bastek, executive vice president of merchandising, said during a conference call on Tuesday that Home Depot's suppliers have shifted sourcing across several countries...

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...

Why Pandora Will Never Make Its Jewelry in the US

Proposed tariffs are a potential major issue, but there's no chance it'll force a move to the US

(Newser) - You likely know Pandora and its popular silver charm bracelets thanks to the 500 stores it has scattered across the US, but you may be less clear on its home country—which would be Denmark. Ditto where its jewelry is made, which would be three factories in Thailand. As...

'Eat the Tariffs,' Trump Tells Walmart

Retail giant had said it will raise prices because of trade war

(Newser) - President Trump answered Walmart's planned price increases with a post on Saturday, saying the retailer should absorb his tariffs without complaint. "Walmart should stop trying to blame tariffs as the reason for raising prices throughout the chain," the president wrote on Truth Social, with varying capitalization. "...

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.
...

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