tariffs

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American Importers Stock Up on Prosecco

They're apparently worried tariffs could affect the popular Italian wine

(Newser) - American importers have been stockpiling Italian bubbly Prosecco as a hedge against the possible impact of tariffs, the AP reports.
  • US imports of Italian sparkling wine—90% of that Prosecco—surged by 41% in November, after President Trump's election, far exceeding consumer demand as importers filled the pipeline for
...

Trudeau: Trump's Threat to Annex Canada Is Real

The Canadian prime minister warned that Trump is serious about absorbing his country

(Newser) - President Trump has suggested that Canada and its abundance of resources should belong to the US , and outgoing Canadian Prime Minister Justin Trudeau says he believes the talk is very real. The Guardian reports that during a closed-door summit of business and labor leaders working on a response to Trump'...

USPS Stops Accepting Packages From China
USPS Flips, Will Accept
Packages From China
UPDATED
Feb 5, 2025 8:37 AM CST

USPS Flips, Will Accept Packages From China

After announcing on Tuesday that it wouldn't

(Newser) - The United States Postal Service's decision to stop accepting packages from China and Hong Kong was a very short-lived one. "Effective February 5, 2025, the Postal Service will continue accepting all international inbound mail and packages from China and Hong Kong Posts," it said in an updated...

China Retaliates as US Tariffs Take Effect
China Retaliates
Against US Tariffs
Feb 4, 2025 12:00 AM CST

China Retaliates Against US Tariffs

Implements its own tariffs, and makes other moves

(Newser) - China countered President Trump's tariffs on Chinese products with tariffs of its own on multiple US imports Tuesday, as well as announcing an antitrust investigation into Google and other trade measures, the AP reports. Trump reportedly plans to talk with Chinese President Xi Jinping in the next few days....

Trump Delays Mexico Tariffs by a Month
Trump Delays Mexico,
Canada Tariffs by a Month
UPDATED
Feb 3, 2025 3:55 PM CST

Trump Delays Mexico, Canada Tariffs by a Month

He spoke Monday with Mexican President Sheinbaum, Canadian PM Justin Trudeau

(Newser) - Mexico and Canada are getting at least a temporary reprieve on tariffs: Mexican President Claudia Sheinbaum said Monday that President Trump agreed to a one-month delay after the two leaders spoke by phone, reports the Washington Post . Trump then confirmed the change on Truth Social . In return, Sheinbaum said Mexico...

Ontario Leader: See Ya, Starlink Contract

Doug Ford says he's 'ripping up' $69M deal with Musk company amid Trump tariffs against Canada

(Newser) - In November, the Progressive Conservative leader of Canada's most populous province announced a $69 million contract with Elon Musk's Starlink, in an effort to bring high-speed internet to thousands of homes and businesses in some of the more far-flung parts of Ontario. That contract is no more, according...

Stock Market Is Going to Open in a Foul Mood

Dow futures down more than 600 points on worries over tariffs

(Newser) - President Trump warned that his coming tariffs on Canada, Mexico, and China may cause some "pain," and it's showing up on world markets:
  • In the US: Dow futures were down more than 600 points before Monday's opening bell, reports CNBC . The broader S&P 500 index
...

Trump Issues Warning: 'Some Pain' Could Be Coming

Due to tariffs, president says

(Newser) - Now that his trade war is in full swing, President Trump issued a warning and a vow to Americans Sunday. "WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!)" he posted on his Truth Social network, per the Washington Post and CNN . "BUT WE WILL MAKE...

Canada, Mexico, China Ready Their Retaliation


The Tariff
Trade Fight
Gets Underway
the rundown
Feb 2, 2025 8:14 AM CST

The Tariff Trade Fight Gets Underway

Canada, Mexico, China responds to Trump order of new tariffs

(Newser) - The newly ordered tariffs President Trump is imposing on Canada, Mexico, and China don't take effect until Tuesday, but all three nations already are firing back.
  • Canada: It will impose a 25% tariff on a wide range of US products, including beer, wine, bourbon, and orange juice from Trump'
...

Trump Signs Order for Tariffs on 3 Largest Trade Partners

Rate is lower for energy from Canada, apparently to avoid raising gas prices

(Newser) - Declaring an economic emergency under the law that allows him to take the action, President Trump on Saturday signed an executive order imposing tariffs on China, Canada, and Mexico. Tariffs of 25% on goods from Canada and Mexico and 10% on imports from China are scheduled to take effect on...

4 Big Things That Tariffs May Hit Hard

Prices could climb significantly on imported goods we depend on

(Newser) - Friday is looking like a good day to buy an electric vehicle and fill up on guacamole and salsa. As ABC News reports, with President Trump's threatened 25% tariffs on goods imported from Canada and Mexico set to go into effect on Saturday, Americans are going to feel the...

India, China Change Stance on Direct Flights

After nearly 5-year pause, direct flights between the countries will resume

(Newser) - For the first time in nearly five years, direct flights between China and India are set to resume. The New York Times reports the development comes as relations between the two countries improve after hitting one of their lowest points in recent memory, triggered by a deadly faceoff along a...

Trump Declares Victory in 'Showdown' Over Deportations

Colombia was refusing to accept deportation flights, but 'impasse' has been resolved

(Newser) - Hours after President Trump announced tariffs on Colombia to punish the South American country for refusing to accept military deportation flights, the US claimed victory in what the AP refers to as a "showdown." Late Sunday, the White House press secretary announced that the "Government of Colombia...

Jamie Dimon Is Blunt on Trump's Tariffs: 'Get Over It'

JPMorgan Chase CEO says they're good for national security

(Newser) - Put JPMorgan Chase CEO Jamie Dimon in the camp that's just fine with President Trump's potential tariffs. Speaking from the World Economic Forum in Davos, Switzerland, Dimon had this to say to CNBC's Andrew Ross Sorkin: "If it's a little inflationary, but it's good...

Trump Has Flattery, Threats for Russia

End the war against Ukraine or face tariffs, sanctions

(Newser) - Add Russia to the list of countries that could be hit with tariffs, President Trump warned Wednesday—unless it puts an end to its war against Ukraine, reports CNBC . The president discussed the subject in a Truth Social post that started with flattery. "I'm not looking to hurt...

Trump: More Tariffs on Chinese Goods Could Come Feb. 1

But no new tariffs have yet been imposed

(Newser) - President Trump's China tariffs are coming. Trump said Tuesday night that his administration is looking at the idea of a 10% tariff on Chinese imports into the US on Feb. 1, the New York Times reports. "We're talking about a tariff of 10% on China based on...

Dow Jumps 538 Points as Trump Begins Second Term

Mexican peso, Canadian dollar fall against US dollar

(Newser) - US stocks rose on Tuesday, the first trading day of President Trump's second term, after more companies said they made bigger profits at the end of last year than analysts expected and as Treasury yields eased.
  • The S&P 500 rose 52.58 points, or 0.9%, to 6,
...

Report: Trump's Day 1 Orders Won't Include Tariffs

President plans to change trade policies 'in a measured way,' trade adviser says

(Newser) - President Trump's Day 1 executive orders won't include the tariffs he had threatened to introduce on goods from countries including Canada and Mexico, officials say. Instead, the president plans to issue a memo directing federal agencies to evaluate America's trade relationships with Canada, Mexico, and China, officials...

Trump: I'm Creating the 'External Revenue Service'

New agency would collect tariffs from other nations

(Newser) - President-elect Trump ratcheted up his promise to get more aggressive with tariffs with an unusual announcement on Tuesday—the creation of a new government agency called the External Revenue Service, reports CBS News .
  • "For far too long, we have relied on taxing our Great People using the Internal Revenue
...

Trudeau: Here's What Trump's '51st State' Remarks Are Doing

Canada's outgoing PM says Trump doesn't want Americans to realize how tariffs will hurt them

(Newser) - Canada's outgoing Prime Minister Justin Trudeau on Sunday suggested that President-elect Trump's remarks about Canada becoming America's "51st state" have distracted attention from the harm that steep tariffs would inflict on US consumers, the AP reports. "The 51st state, that's not going to happen,...

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