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tariffs

14 Results / Page 2 of 2

News

Trump says Americans could feel ‘some pain’ from tariffs as he threatens more import taxes

President Donald Trump said Sunday that Americans could feel “some pain” from the emerging trade war triggered by his tariffs against Canada, Mexico and China, and claimed that Canada would “cease to exist” without its trade surplus with the United States. The trade penalties that Trump signed Saturday at his Florida resort caused a mix of panic, anger and uncertainty, and threatened to rupture a decades-old partnership on trade in North America while further straining relations with China. Trump on Sunday night returned from […]

February 3, 2025 1

News

Trump puts tariffs on Canada, Mexico and China, spurring trade war as North American allies respond

President Donald Trump on Saturday signed an order to impose stiff tariffs on imports from Mexico, Canada and China, drawing swift retaliation and an undeniable sense of betrayal from the country’s North American neighbors as a trade war erupted among the longtime allies. The Republican president posted on social media that the tariffs were necessary “to protect Americans,” pressing the three nations to do more to curb the manufacture and export of illicit fentanyl and for Canada and Mexico to reduce illegal […]

February 2, 2025

News

Trump says he can’t guarantee tariffs won’t raise US prices and won’t rule out revenge prosecutions

WASHINGTON (AP) — Donald Trump said he can’t guarantee that his promised tariffs on key U.S. foreign trade partners won’t raise prices for American consumers and he suggested once more that some political rivals and federal officials who pursued legal cases against him should be imprisoned. The president-elect, in a wide-ranging interview with NBC’s “Meet the Press” that aired Sunday, also touched on monetary policy, immigration, abortion and health care, and U.S. involvement in Ukraine, Israel and elsewhere. Trump often mixed declarative statements with caveats, at one point […]

December 9, 2024

News

Trump’s plans for mass deportations and tariffs could severely cost Black households

“The economy of Los Angeles will come to a halt,” said Los Angeles Mayor Karen Bass as the city prepares for the incoming Trump administration’s threat of mass deportations of undocumented immigrants soon after Donald Trump is inaugurated on Jan. 20, 2025. Economists note that migrant labor critically supports the national economy, particularly in U.S. cities. However, if immigrant workers are forced to leave the country, the impact would be significant, said Mayor Bass. She told theGrio Los Angeles is […]

December 6, 2024

News

Trump’s first-term tariffs did little to alter the economy, but this time could be different

WASHINGTON (AP) — Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different. The president-elect is talking about going much bigger — on a potential scale that […]

November 29, 2024 1

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