tariffs

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Trump Announces 35% Tariff on Canadian Goods

That's quite a hike to the 25% announced in February

(Newser) - President Trump posted a letter to social media Thursday evening announcing Canadian goods will be subject to a 35% tariff rate starting Aug. 1, an aggressive increase to the 25% tariff first announced by Trump in February, the AP reports. Trump justified the tariffs as necessary to manage America's...

Brazil Pledges Retaliatory Tariffs If Trump Acts

Lula says he'll match US, 50-50

(Newser) - Brazilian President Luiz Inácio Lula da Silva said Thursday that he will impose retaliatory tariffs on the US if President Trump follows through on a pledge to boost import taxes by 50% over the South American country's criminal trial of his predecessor, Jair Bolsonaro. Lula said he will...

Trump, Citing 'Witch Hunt,' Slaps Steep Tariff on Brazil

He says Bolsonaro prosecution is an 'international disgrace'

(Newser) - After announcing smaller tariffs on seven smaller countries Wednesday, President Trump declared that imports from Brazil, one of the biggest US trading partners in the Americas, will be hit with a 50% tariff on Aug. 1. Most of Trump's tariff letters have been almost identical, but the letter to...

Schumer: Trump Is 88 Countries Short of Promise

President announces tariffs on 7 more countries

(Newser) - President Trump sent tariff letters to seven more countries Wednesday as Senate Minority Leader Chuck Schumer criticized him for falling 88 countries short of his goal of 90 trade deals. "Ninety days ago Donald Trump promised the world that his tariffs would lead to 90 deals in 90 days,...

Well, Prime Day(X4) Has Arrived
Well, Prime Day(X4) Has Arrived
Jul 8, 2025 9:30 AM CDT

Well, Prime Day(X4) Has Arrived

Amazon extends Prime Day to 4 days as retailers weigh tariff-related price increases

(Newser) - Well, it's Prime Day, or Prime Day multiplied by four, as it happens this year . As the AP reports, Amazon is extending its annual Prime Day and offering new membership perks to Gen Z shoppers amid tariff-related worries and possibly some consumer boredom with an event in its 11th...

Trump Announces Tariffs on 5 More Countries
Trump Unveils Tariffs
on 12 More Countries
UPDATED
Jul 7, 2025 4:21 PM CDT

Trump Unveils Tariffs on 12 More Countries

Goods from Myanmar, Laos will face 40% tariffs

(Newser) - President Trump followed up his announcement of 25% tariffs on Japan and South Korea Monday with a slew of other tariff letters. Trump announced tariffs on 12 more countries and White House press secretary Karoline Leavitt said the president plans to release more letters in the days to come, CNN...

Markets Fall as Trump Hits Japan, S. Korea With Tariffs

He also warns them not to retaliate

(Newser) - It's expected to be a busy week on the tariffs front, and President Trump just announced his first two moves. Trump sent letters to South Korea and Japan informing them that the US would start collecting a 25% tariff on all goods they ship to the US, effective Aug....

Trump to Start Sending Tariff Rate Letters

Indicates tariffs of anywhere from 10% to 70% will be imposed

(Newser) - "Ten or 12" letters are being sent from President Trump to some of America's trading partners on Friday, with more to follow "over the next few days," per the president. The letters will detail the tariff rates those countries will pay starting next month. The...

Trump Says Jerome Powell Should 'Resign Immediately'

President echoes call for Fed chair to be investigated

(Newser) - President Trump has once again called for Federal Reserve Chair Jerome Powell to step down, this time saying Powell should "resign immediately." The demand, made Wednesday on social media, marks an escalation after Trump's earlier suggestions that Powell leave the post, the New York Times reports....

Trump Announces Trade Deal With 2nd Country

He says tariff on products from Vietnam will be 20%

(Newser) - President Trump has announced a trade deal with Vietnam days before the pause on his "reciprocal" tariffs was due to end and a 46% tariff on imports from Vietnam was due to kick in. He said the tariff would be 20%, up from the current universal 10%. This is...

College Grads Find the Current Job Market 'Stings'

It's the toughest job market for young adults in more than a decade; AI may be playing a role

(Newser) - While completing a master's degree in data analysis, Palwasha Zahid moved from Dallas to a town near Silicon Valley. Zahid, 25, completed her studies in December, but so far she hasn't found a job in the industry that surrounds her. "It stings a little bit," she...

US Stocks Push Further Into Record Territory
US Stocks Push Further
Into Record Territory
MARKETS
Jun 30, 2025 3:45 PM CDT

US Stocks Push Further Into Record Territory

It's a second straight winning month, with the S&P 500, Nasdaq, Dow Jones all logging gains

(Newser) - The US stock market added to its record as Wall Street closed out a second straight winning month. The S&P 500 rose 0.5% on Monday in its first trading, after completing a stunning rebound from its springtime sell-off of roughly 20%, per the AP . The Dow Jones Industrial...

Canada Hands Trump a Win on Trade
Canada Hands Trump
a Win on Trade
Jun 30, 2025 1:00 AM CDT

Canada Hands Trump a Win on Trade

Canada rescinds its planned tech tax, says trade talks will resume

(Newser) - Canadian Prime Minister Mark Carney said late Sunday trade talks with US have resumed after Canada rescinded its plan to tax US technology firms, the AP reports. US President Trump said Friday that he was suspending trade talks with Canada over its plans to continue with its tax on technology...

Deadline on Tariffs Pause Won't Be Extended: Trump

President had discounted importance of July 9 on Friday

(Newser) - President Trump said Sunday that he does not plan to extend a 90-day pause on tariffs on most nations beyond July 9, when the negotiating period he set would expire. He said his administration will notify countries "pretty soon" that the trade penalties will take effect unless there are...

US, China Signed Trade Deal, Trump Says

President gave no details of the agreement

(Newser) - The US and China have signed an agreement on trade, President Trump said, adding he expects to soon have a deal with India. Commerce Secretary Howard Lutnick told Bloomberg TV that the deal was signed earlier this week. Neither Lutnick nor Trump provided any details about the agreement, the AP...

As Retail Spending Drops, Amazon Doubles Prime Day

4-day sale comes as retail spending shows sharp decline

(Newser) - Amazon is doubling the length of its Prime Day event this year, stretching the sale from the usual 48 hours to a record 96, in the hopes that the extra time will entice deal-seeking shoppers as Americans tighten their wallets, Quartz reports. The move comes as new Commerce Department...

Toy Companies Ask SCOTUS for Quick Tariffs Ruling

Educational firms hope to leapfrog federal appeals court

(Newser) - The Supreme Court is getting a chance to speed up its inevitable review of the legality of President Trump's tariffs. Two companies that make educational toys petitioned the court on Tuesday to put their case on an expedited track, reports Bloomberg . The joint appeal filed by Learning Resources and...

China Sees $500B Trade Surplus by Redirecting Exports

It's sending goods to Southeast Asia, Europe, Latin America instead of to the US amid steep tariffs

(Newser) - China is once again shaking up global trade, but this time the disruption isn't hitting the United States directly. After being squeezed by President Trump's tariffs, Chinese factories are redirecting exports—everything from toys to electric vehicles—to markets in Southeast Asia, Europe, and Latin America. The...

Americans Put the Brakes on Their Spending Spree

Consumers turn cautious and retail sales slide after a spring binge to beat tariffs

(Newser) - Retail sales fell sharply in May as consumers pulled back from a spending surge earlier this year to get ahead of President Trump's sweeping tariffs on nearly all imports. Sales at retail stores and restaurants dropped 0.9% in May, the Commerce Department said Tuesday, after a decline of...

Trump on US-UK Trade Deal: 'It's Done'

Though steel imports are still being negotiated

(Newser) - US President Trump and British Prime Minister Keir Starmer said Monday that they had signed a trade deal that will slash tariffs on UK auto and aerospace industry imports—but they are still discussing how to handle steel production, the AP reports. The pair spoke to reporters at the Group...

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