tariffs
The Trump administration has updated its tariff policy to exempt certain electronics—like smartphones, computers, semiconductors, and flat panel displays—from steep global tariffs. This exemption, effective for goods entering the U.S. or leaving warehouses starting April 5, was detailed in new guidance from U.S. Customs and Border Protection and a presidential memo issued Saturday. The exemptions […]
American consumers are seeing a new “tariff surcharge” line on receipts as companies respond to steep import tariffs, especially on goods from China. Despite a 90-day tariff pause by President Trump, many businesses are passing on added costs to customers through flat fees or percentage-based surcharges. For example, Dame, a sexual wellness company, added a […]
China announced a significant retaliatory tariff of 84% on U.S. goods in response to President Donald Trump’s latest tariff policies. Effective April 10, this increase marks a rise from the previous 34% tariff. Meanwhile, U.S. tariffs on Chinese goods have escalated to 104% after China failed to meet Trump’s deadline to reduce its own tariffs. […]
JPMorgan forecasts a U.S. recession in the second half of 2025 due to the impact of President Trump’s tariffs. Chief U.S. economist Michael Feroli predicts a two-quarter recession, with GDP contracting by 1% in Q3 and 0.5% in Q4, resulting in an overall decline of 0.3% for the year. Feroli also expects the unemployment rate […]
President Donald Trump’s newly announced tariffs are expected to increase costs on a wide range of goods, from groceries and clothing to cars and home materials. Tariffs are essentially import taxes that raise the cost of foreign-made products, which often gets passed on to consumers. Economists warn the impact will be most severe for low-income […]
Senator Chuck Schumer warned that new tariffs set to be announced by President Donald Trump could jeopardize over 30,000 jobs in the Finger Lakes Region of upstate New York. In a virtual news conference, he stated that the tariffs would lead to job losses and increased prices, estimating that the average family in the area […]
President Donald Trump is set to declare April 2 as “Liberation Day,” announcing sweeping tariffs on imports in an effort to bolster U.S. manufacturing and penalize foreign countries. The proposed tariffs include 25% on autos, pharmaceutical drugs, lumber, and other goods, with additional levies on Chinese imports for fentanyl-related issues. Trump claims the move will […]
President Trump has decided not to raise tariffs on Canadian steel and aluminum imports to 50%, as confirmed by top trade advisor Peter Navarro. This change came after Ontario Premier Doug Ford paused a planned 25% tax on electricity exports to the U.S. following discussions with U.S. Commerce Secretary Howard Lutnick. Initially, Ford had threatened […]
Ontario Premier Doug Ford announced that the province will impose a 25% tariff on electricity exports to New York, Michigan, and Minnesota starting Monday. The move is a direct response to President Trump’s trade policies, which recently introduced 25% tariffs on Canadian and Mexican imports—though the White House has since paused these tariffs for a […]
President Donald Trump’s new 25% tariffs on imports from Mexico and Canada could lead to significant increases in car prices, according to a recent analysis by the Anderson Economic Group. The study indicates that manufacturing costs for various vehicle types could rise sharply: crossover utility vehicles might see a $4,000 increase, large SUVs could rise […]
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