tariffs

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As Deadline Nears, Trump Notches Another Trade Deal

President says South Korea will be subject to a 15% tariff

(Newser) - With his Aug. 1 deadline rapidly approaching, President Trump announced another trade deal on Wednesday. In a post on Truth Socia l, the president said the US has "agreed to a Full and Complete Trade Deal" with South Korea. The agreement will impose a 15% tariff, instead of the...

Brazil's President: Trump Will Get No 'Subservience' From Me

Luiz Inacio Lula da Silva calls out disrespect in tariff threats, warns of retaliation

(Newser) - Brazil's leader is pushing back hard against President Trump's tariff threats, vowing his country won't be bullied or negotiate "as if it were a small country up against a big country." In his first New York Times interview in 13 years, President Luiz Inacio...

Hawley Wants to Dole Out $600 Tariff Rebates

GOP Sen. Josh Hawley introduces legislation

(Newser) - Many Americans would get a $600 check this year from the federal government if legislation introduced by GOP Sen. Josh Hawley goes through. The Missouri senator is pitching the idea of rebates from President Trump's tariffs, reports the Hill . Hawley put forth his plan after Trump himself said he...

Big Takeaways From the US-EU Deal
Big Takeaways From
the US-EU Deal
Jul 28, 2025 8:52 AM CDT

Big Takeaways From the US-EU Deal

Many details still to come, but both sides seem happy to avoid a trade war

(Newser) - President Trump struck a trade deal with the European Union over the weekend, and a BBC analysis suggests both sides can plausibly claim a victory. But the primary takeaway from coverage is that the deal at the very least avoids what could have been a long and bruising trade war:...

Someone Isn't Happy With Vladimir Putin

Trump says he's 'very disappointed' in Russian leader, will move up ceasefire deadline

(Newser) - Two weeks ago, President Trump set a 50-day deadline for Russian President Vladimir Putin to reach a ceasefire with Ukraine, threatening to slap 100% secondary tariffs on Russian trading partners if a deal wasn't reached. But now, he's tired of waiting . While meeting with British Prime Minister Keir...

Trump Announces Outline of a Trade Deal With EU

Agreement sets 15% tariff, half of what president had said would begin Aug. 1

(Newser) - The US has reached the outline of a trade deal with the European Union, President Trump announced Sunday in Scotland, that includes a 15% tariff on American imports—half the hit he had said would go into effect on Aug. 1. The deal halts, at least for now, the months...

Not All Canadians Have Forsaken Americans
Viral Ad in Canada
Wants Us to 'Hug It Out'
VIDEO
Jul 24, 2025 7:25 AM CDT

Viral Ad in Canada Wants Us to 'Hug It Out'

Campaign out of Quebec aims to let US tourists know they're more than welcome to visit

(Newser) - "Why is there a hug in a Canadian travel ad, and why has it gone viral?" Those are the questions recently posed by a BBC reporter about a new promo out of Quebec that gives a glimmer of hope for strained US-Canadian relations . Afar.com reports that our northern...

Trump Announces Trade Deal With Japan

He says tariff will be reduced from 25% to 15%

(Newser) - President Trump announced a trade framework with Japan on Tuesday, placing a 15% tax on goods imported from that nation. "This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it," Trump posted on Truth Social , adding that the United States "...

Trump Meets Leader, Lowers Tariff From 20% to 19%

He says US will also work together militarily with the Philippines

(Newser) - The president of the Philippines managed to secure a reduction in the US tariff rate on his country's exports Tuesday, but it wasn't a huge one. After meeting President Ferdinand Marcos Jr. at the White House on Tuesday, President Trump praised Marcos as a "very good, and...

Canada: Tariffs Will Add $14K to Cost of Building a US Home

White House disputes Canadian report amid calls for a lumber quota

(Newser) - The White House is pushing back on claims that President Trump's tariffs on Canadian imports will raise the cost of US homeownership. A new report from the Canadian Chamber of Commerce estimates the average cost of building a US home could rise by an additional $14,000 by the...

Amid Economic Uncertainty, the 'Rise of Strategic Travel'

Rising costs drive Americans to shorter trips, local staycations for summer break

(Newser) - Americans are hitting pause on lavish summer getaways, with many opting for shorter, closer-to-home trips as economic uncertainty weighs on household budgets. Recent data from Bank of America shows fewer families are booking flights and hotel accommodations compared to last year, while Labor Department figures reveal that the number...

You May Want to Stock Up on New Sneakers Now
You May Want to Stock Up
on New Sneakers Now
in case you missed it
Jul 19, 2025 12:30 PM CDT

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...

Bolsonaro Gets Unwanted Ankle Accessory

Former Brazilian president, on trial, is ordered to wear an ankle monitor

(Newser) - Former Brazil President Jair Bolsonaro has been ordered by the nation's top court to wear an ankle monitor. The development came as federal police conducted searches at his home and his party's headquarters in Brasília, reports the AP . Bolsonaro is also barred from using social media or...

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 &#39;Tomato Tax&#39; 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...

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