Trump suggests more tariffs on Russia
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Trump Admits 50% Tariffs 'Caused Rift' With India
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Increases in the costs of food, shelter and energy caused inflation to spike and increase the likelihood of an interest rate cut
Amid U.S.-China trade tensions, China, once the top buyer of U.S. soybeans, has halted pre-orders. That’s a loss of 21% of exports, reigniting farmers’ fears of a repeat of the agricultural loss of 2018.
Two lower courts have said some of President Trump's tariffs are unlawful. Now the Supreme Court has agreed to examine the issue.
The justices agreed to an expedited timeline to decide whether Trump can unilaterally impose sweeping tariffs using a law designed for emergencies.
Mexican import taxes on more than 1,400 products from China and other Asian countries will be as high as 50%, as the country tries to shore up domestic production and pass on some of the Trump administration’s tariff pain.
The Supreme Court on Tuesday said it will decide whether President Trump can impose his most sweeping tariffs.
President Trump's tariffs continued to add billions to US coffers as the summer ended with customs duties bringing in about $29.5 billion in August.
Consumer prices rose 2.9% in August compared to a year ago, marking an uptick in price increases as President Donald Trump's tariff policy intensified. The reading matched economists' expectations.
Group of Seven nations' finance ministers discussed in a call on Friday further sanctions on Russia and possible tariffs on countries that they consider "enabling" its war in Ukraine, as the U.S. called on its allies to impose tariffs on purchasers of Russian oil.
Swatch, the Swiss watchmaker, is trolling the 39% tariffs placed on the small country by the United States with a new watch that inverses the three and nine numbers.
A wide range of tariff-sensitive goods, especially groceries, saw price increases in August just months ahead of holiday shopping season.