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tariffs

14 Results / Page 1 of 2

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Stocks tumble in Wall Street’s worst day since April after Trump threatens more tariffs on China

A monthslong calm on Wall Street shattered, and U.S. stocks tumbled after President Donald Trump threatened to crank tariffs higher on China. The S&P 500 sank 2.7% Friday in its worst day since April. The Dow Jones Industrial Average dropped 1.9%, and the Nasdaq composite lost 3.6%. Stocks had been on track for a slight gain in the morning, until Trump said he’s considering a massive increase of tariffs on Chinese imports. He’s upset at restrictions China has placed on […]

todayOctober 12, 2025

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Federal court blocks Trump from imposing sweeping tariffs under emergency powers law

A federal court on Wednesday blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law, swiftly throwing into doubt Trump’s signature set of economic policies that have rattled global financial markets, frustrated trade partners and raised broader fears about inflation intensifying and the economy slumping. The ruling from a three-judge panel at the New York-based U.S. Court of International Trade came after several lawsuits arguing Trump’s “Liberation Day” tariffs exceeded his authority and left the country’s trade policy dependent […]

todayMay 29, 2025 1

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‘Nothing will stop me’: Defiant Trump says voters ‘signed up’ for tariffs amid rising costs and economic slump

President Donald Trump is defiant as he marks more than 100 days in office amid frustrations over continued high costs and growing concerns about the health of the U.S. economy. During a recent interview with ABC News, President Trump was pressed on Americans feeling “anxiety” over higher costs due to his tariff policies. The businessman and 47th president of the United States disagreed that Americans who supported him in the 2024 election didn’t “sign up” for it. “Well, they did […]

todayApril 30, 2025

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Democrats say Trump’s tariffs could harm medical supply chains, warn people could die

Democrats are continuing to sound the alarm about President Donald Trump’s retaliatory global tariffs, warning Trump administration officials that they will severely impact the medical supply chain industry and potentially cost lives. In a letter to U.S. Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick, 26 Democrats in the House of Representatives said the tariffs, which have already sparked a trade war with ally and adversary countries alike, are “reckless” and will have “devastating consequences” for Americans who rely […]

todayApril 10, 2025

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Trump pauses tariffs on most nations for 90 days, raises taxes on Chinese imports

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%. Treasury Secretary Scott Bessent told reporters that Trump was pausing his so-called ‘reciprocal’ tariffs on most of the country’s biggest trading partners, but maintaining his 10% tariff on nearly all global imports. Imports tariffs on goods from China, though, would surge to 125% “effective immediately” Trump said on social media. […]

todayApril 9, 2025

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Black small business owners brace for impact of President Trump’s tariffs

President Donald Trump‘s Wednesday announcement of soaring reciprocal tariffs on U.S. imports has resulted in a slump in global markets and serious concerns among investors and consumers alike. The concerns are particularly felt by Black small businesses. “I’m concerned as to whether we’ll be able to survive this,” said Gladys Harrison, owner of Big Mama’s Kitchen & Catering in Omaha, Nebraska. Harrison told theGrio that despite opening the soul food eatery’s doors during the 2007 financial crisis and enduring the […]

todayApril 3, 2025

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US tariffs on Canada and Mexico take effect, as China takes aim at US farm exports

President Donald Trump’s long-threatened tariffs against Canada and Mexico went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies. Starting just past midnight, imports from Canada and Mexico are now to be taxed at 25%, with Canadian energy products subject to 10% import duties. The 10% tariff that Trump placed on Chinese imports in February was doubled to 20%, and Beijing retaliated Tuesday with tariffs of up to 15% on a wide array of […]

todayMarch 4, 2025

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China counters with tariffs on US products. It will also investigate Google

China countered President Donald Trump‘s tariffs on Chinese products with tariffs of its own on multiple U.S. imports Tuesday as well as announcing an antitrust investigation into Google and other trade measures. China said it would implement a 15% tariff on coal and liquefied natural gas products as well as a 10% tariff on crude oil, agricultural machinery and large-engine cars imported from the U.S. The tariffs would take effect next Monday. “The US’s unilateral tariff increase seriously violates the rules of […]

todayFebruary 4, 2025

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Trump pauses tariffs on Mexico in exchange for 10,000 troops at US southern border

U.S. President Donald Trump held off Monday on his tariff threats against Mexico for one month of further negotiations after Mexican President Claudia Sheinbaum agreed to send 10,000 members of her country’s national guard to the border to address drug trafficking. Trump’s tariffs against Canada and China were still slated to go into effect Tuesday, but uncertainty remained about the durability of any deals and whether the tariffs were a harbinger of a broader trade war, as Trump has promised […]

todayFebruary 3, 2025