tariffs
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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 […]
Global stock markets experienced a significant downturn following President Trump’s announcement of tariffs on imports from key trading partners, including Mexico, Canada, and China. Trump imposed a 25% tariff on most goods from Canada and Mexico, along with a 10% tariff on goods from China. Global stocks slide as Trump imposes tariffs on imports : […]
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