tariffs

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Trump Signs Order for Tariffs on 3 Largest Trade Partners

Rate is lower for energy from Canada, apparently to avoid raising gas prices

(Newser) - Declaring an economic emergency under the law that allows him to take the action, President Trump on Saturday signed an executive order imposing tariffs on China, Canada, and Mexico. Tariffs of 25% on goods from Canada and Mexico and 10% on imports from China are scheduled to take effect on...

4 Big Things That Tariffs May Hit Hard

Prices could climb significantly on imported goods we depend on

(Newser) - Friday is looking like a good day to buy an electric vehicle and fill up on guacamole and salsa. As ABC News reports, with President Trump's threatened 25% tariffs on goods imported from Canada and Mexico set to go into effect on Saturday, Americans are going to feel the...

India, China Change Stance on Direct Flights

After nearly 5-year pause, direct flights between the countries will resume

(Newser) - For the first time in nearly five years, direct flights between China and India are set to resume. The New York Times reports the development comes as relations between the two countries improve after hitting one of their lowest points in recent memory, triggered by a deadly faceoff along a...

Trump Declares Victory in 'Showdown' Over Deportations

Colombia was refusing to accept deportation flights, but 'impasse' has been resolved

(Newser) - Hours after President Trump announced tariffs on Colombia to punish the South American country for refusing to accept military deportation flights, the US claimed victory in what the AP refers to as a "showdown." Late Sunday, the White House press secretary announced that the "Government of Colombia...

Jamie Dimon Is Blunt on Trump's Tariffs: 'Get Over It'

JPMorgan Chase CEO says they're good for national security

(Newser) - Put JPMorgan Chase CEO Jamie Dimon in the camp that's just fine with President Trump's potential tariffs. Speaking from the World Economic Forum in Davos, Switzerland, Dimon had this to say to CNBC's Andrew Ross Sorkin: "If it's a little inflationary, but it's good...

Trump Has Flattery, Threats for Russia

End the war against Ukraine or face tariffs, sanctions

(Newser) - Add Russia to the list of countries that could be hit with tariffs, President Trump warned Wednesday—unless it puts an end to its war against Ukraine, reports CNBC . The president discussed the subject in a Truth Social post that started with flattery. "I'm not looking to hurt...

Trump: More Tariffs on Chinese Goods Could Come Feb. 1

But no new tariffs have yet been imposed

(Newser) - President Trump's China tariffs are coming. Trump said Tuesday night that his administration is looking at the idea of a 10% tariff on Chinese imports into the US on Feb. 1, the New York Times reports. "We're talking about a tariff of 10% on China based on...

Dow Jumps 538 Points as Trump Begins Second Term

Mexican peso, Canadian dollar fall against US dollar

(Newser) - US stocks rose on Tuesday, the first trading day of President Trump's second term, after more companies said they made bigger profits at the end of last year than analysts expected and as Treasury yields eased.
  • The S&P 500 rose 52.58 points, or 0.9%, to 6,
...

Report: Trump's Day 1 Orders Won't Include Tariffs

President plans to change trade policies 'in a measured way,' trade adviser says

(Newser) - President Trump's Day 1 executive orders won't include the tariffs he had threatened to introduce on goods from countries including Canada and Mexico, officials say. Instead, the president plans to issue a memo directing federal agencies to evaluate America's trade relationships with Canada, Mexico, and China, officials...

Trump: I'm Creating the 'External Revenue Service'

New agency would collect tariffs from other nations

(Newser) - President-elect Trump ratcheted up his promise to get more aggressive with tariffs with an unusual announcement on Tuesday—the creation of a new government agency called the External Revenue Service, reports CBS News .
  • "For far too long, we have relied on taxing our Great People using the Internal Revenue
...

Trudeau: Here's What Trump's '51st State' Remarks Are Doing

Canada's outgoing PM says Trump doesn't want Americans to realize how tariffs will hurt them

(Newser) - Canada's outgoing Prime Minister Justin Trudeau on Sunday suggested that President-elect Trump's remarks about Canada becoming America's "51st state" have distracted attention from the harm that steep tariffs would inflict on US consumers, the AP reports. "The 51st state, that's not going to happen,...

Trump Threatens EU With 'Tariffs All the Way'

President-elect says tariffs can be avoided only with 'the large scale purchase of our oil and gas'

(Newser) - President-elect Trump is threatening more tariffs, this time directed at Europe. "I told the European Union that they must make up their tremendous [trade] deficit with the United States by the large scale purchase of our oil and gas. Otherwise, it is TARIFFS all the way," Trump wrote...

Consumers Stock Up, Anticipating Trump's Tariffs

Big spending could increase prices, economist points out

(Newser) - In a wave of spending reminiscent of those 2020 days of stocking up before the pandemic lockdown takes effect, some US consumers are spending before they need to in anticipation of President-elect Trump's promised tariffs . Many economists say that the tariffs would bring higher prices for goods to Americans,...

Report: Ontario Might Ban US-Made Alcohol

Province's leader confirms that electricity exports could be cut if Trump brings in tariffs

(Newser) - Canada's most populous province may bar American-made alcohol in addition to restricting electricity exports to Michigan, New York, and Minnesota if President-elect Trump imposes sweeping tariffs on all Canadian products, a senior official said Thursday. The official in Ontario Premier Doug Ford's government said that it's contemplating...

Trump Taunts 'Governor' Justin Trudeau

Calls Canadian PM the 'governor' of the 'Great State of Canada'

(Newser) - Things are getting frosty on the US-Canada border as President-elect Trump and Justin Trudeau continue to duke it out over Trump's threat to slap a 25% tariff on Canadian exports as soon as he gets the keys to the Oval Office. As NBC News reports, the latest salvo came...

After Trump Tariffs Threat, Mexico Makes Huge Drug Bust

Mexico makes what officials say is biggest fentanyl seizure ever there

(Newser) - Mexican soldiers and marines seized over a ton of fentanyl pills in two raids in the north, with officials calling it the biggest catch of the synthetic opioid in the country's history. The raids came after a sharp drop in fentanyl seizures in Mexico earlier this year, and days...

Trump Expands Tariff Threat to a 9-Nation Bloc

The BRIC alliance includes Brazil, Russia, India, and China

(Newser) - President-elect Trump continues to wield his tariff weapon : On Saturday, he threatened 100% tariffs against a bloc of nine nations if they act to undermine the US dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia,...

Trudeau Shows Up on Trump's Home Turf Over Tariffs

Canadian PM makes unannounced stop at Mar-a-Lago for meeting with incoming president

(Newser) - No one's completely sure if Donald Trump's tariffs proposal is a real, fleshed-out plan or merely a "negotiating ploy" with China, Mexico, and Canada to win some trade concessions. Whatever it turns out to be, Canadian Prime Minister seems to be taking the threat seriously, paying...

Report: Canadians Are Looking at Retaliatory Tariffs

Trudeau tells provincial leaders they need to present united front after Trump threat

(Newser) - Canada is already examining possible retaliatory tariffs on certain items from the United States should President-elect Trump follow through on his threat to impose sweeping tariffs on Canadian products, a senior official said Wednesday. The official, speaking to the AP on condition of anonymity, said Canada is preparing for every...

After Trump Threatens Tariffs, Loonie Hits 4-Year-Low

Ontario's premier says he found Trump's remarks 'insulting' and 'unfair'

(Newser) - President-elect Trump's tariff threats made Tuesday a rough day for the loonie. The Canadian dollar dipped below 71 US cents Tuesday morning, falling to its lowest point against the US dollar since 2020, the CBC reports. But the drop was relatively modest, which analysts say suggests investors don't...

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