tariffs

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Sell-Off Hits Wall Street After Trump Tariff Announcement

Even crypto companies were not immune

(Newser) - A sell-off hit Wall Street on Monday after President Trump said tariffs he had announced earlier on Canada and Mexico would take effect within hours.
  • The S&P 500 fell 104.78 points, or 1.8%, to 5,849.72.
  • The Dow Jones Industrial Average fell 649.67 points, or
...

Trump: 'No Room Left' to Avoid Tariffs

He confirms that 25% tariffs on goods from Canada, Mexico will arrive Tuesday

(Newser) - Last month, President Trump agreed to delay tariffs for a month after speaking to the leaders of Canada and Mexico, but it doesn't look like a reprieve will happen this time around. Trump told reporters at the White House on Monday that there is "no room left" for...

On Eve of New Tariffs, Auto Industry Braces

Analyses suggest car costs could jump as much as $12K once Canada/Mexico tariffs start on Tuesday

(Newser) - Tuesday's the day when US tariffs against imports from Canada and Mexico are set to kick in , and one industry in particular is nervously eyeing what happens next. Bloomberg reports that the 25% upcharge imposed on our two neighbors is expected to drive up the costs of cars in...

Trump: Tariffs on Mexico, Canada, China Coming Tuesday

And look out, rest of the world, on April 2

(Newser) - President Trump says he plans to impose tariffs on Canada and Mexico starting next Tuesday, in addition to doubling the 10% universal tariff charged on imports from China, reports the AP . Posting on Truth Social on Thursday, Trump said that illicit drugs such as fentanyl are being smuggled into the...

Canadian Coffee Shops Introduce the 'Canadiano'

In cafes across Great White North, 'Americano' beverage has been replaced

(Newser) - There's not much the everyday Canadian can do to stop US tariffs set to go into effect on Canadian goods next month, but some cafes across the Great White North have found a small, snarky way to push back. Some coffee shops have renamed their "Americano" coffee drinks—...

Trump: Mexico, Canada Tariffs 'Going Forward on Schedule'

Monthlong pause expires March 4

(Newser) - The border security measures Canada and Mexico announced in response to the threat of 25% tariffs apparently weren't enough to satisfy President Trump. The president said Monday that the tariffs "are going forward on time, on schedule," CNBC reports. Trump signed an executive order introducing the tariffs...

Trump Rolls Out 'Fair and Reciprocal' Tariff Plan
Trump Rolls Out
New Tariff Plan
Feb 13, 2025 3:00 PM CST

Trump Rolls Out New Tariff Plan

He admits prices 'could go up somewhat' under 'fair and reciprocal' plan

(Newser) - President Trump announced plans for "fair and reciprocal" tariffs on America's trading partners Thursday, claiming they would raise a "staggering amount" of money. "They charge us a tax or tariff and we charge them the exact same," Trump told reporters before he signed the "...

Trump's 2018 Steel Tariffs Cost US Consumers, Companies

Wall Street Journal debunks president's rationale

(Newser) - When President Trump imposed tariffs on steel and aluminum imports in his first term, he said they were necessary to increase US production . But production was on the rise at the time. The real reason the industry wanted the tariffs was that higher prices on imports would let US companies...

Trump Slaps 25% Tariffs on Steel, Aluminum Imports

' No exceptions, no nothing'

(Newser) - President Trump, repeating a move from his first term, slapped tariffs on imported steel and aluminum Monday. "It's a big deal. This is the beginning of making America rich again," he said as he signed two executive orders imposing 25% tariffs on the imports. The Biden administration...

American Importers Stock Up on Prosecco

They're apparently worried tariffs could affect the popular Italian wine

(Newser) - American importers have been stockpiling Italian bubbly Prosecco as a hedge against the possible impact of tariffs, the AP reports.
  • US imports of Italian sparkling wine—90% of that Prosecco—surged by 41% in November, after President Trump's election, far exceeding consumer demand as importers filled the pipeline for
...

Trudeau: Trump's Threat to Annex Canada Is Real

The Canadian prime minister warned that Trump is serious about absorbing his country

(Newser) - President Trump has suggested that Canada and its abundance of resources should belong to the US , and outgoing Canadian Prime Minister Justin Trudeau says he believes the talk is very real. The Guardian reports that during a closed-door summit of business and labor leaders working on a response to Trump'...

USPS Stops Accepting Packages From China
USPS Flips, Will Accept
Packages From China
UPDATED
Feb 5, 2025 8:37 AM CST

USPS Flips, Will Accept Packages From China

After announcing on Tuesday that it wouldn't

(Newser) - The United States Postal Service's decision to stop accepting packages from China and Hong Kong was a very short-lived one. "Effective February 5, 2025, the Postal Service will continue accepting all international inbound mail and packages from China and Hong Kong Posts," it said in an updated...

China Retaliates as US Tariffs Take Effect
China Retaliates
Against US Tariffs
Feb 4, 2025 12:00 AM CST

China Retaliates Against US Tariffs

Implements its own tariffs, and makes other moves

(Newser) - China countered President Trump's tariffs on Chinese products with tariffs of its own on multiple US imports Tuesday, as well as announcing an antitrust investigation into Google and other trade measures, the AP reports. Trump reportedly plans to talk with Chinese President Xi Jinping in the next few days....

Trump Delays Mexico Tariffs by a Month
Trump Delays Mexico,
Canada Tariffs by a Month
UPDATED
Feb 3, 2025 3:55 PM CST

Trump Delays Mexico, Canada Tariffs by a Month

He spoke Monday with Mexican President Sheinbaum, Canadian PM Justin Trudeau

(Newser) - Mexico and Canada are getting at least a temporary reprieve on tariffs: Mexican President Claudia Sheinbaum said Monday that President Trump agreed to a one-month delay after the two leaders spoke by phone, reports the Washington Post . Trump then confirmed the change on Truth Social . In return, Sheinbaum said Mexico...

Ontario Leader: See Ya, Starlink Contract

Doug Ford says he's 'ripping up' $69M deal with Musk company amid Trump tariffs against Canada

(Newser) - In November, the Progressive Conservative leader of Canada's most populous province announced a $69 million contract with Elon Musk's Starlink, in an effort to bring high-speed internet to thousands of homes and businesses in some of the more far-flung parts of Ontario. That contract is no more, according...

Stock Market Is Going to Open in a Foul Mood

Dow futures down more than 600 points on worries over tariffs

(Newser) - President Trump warned that his coming tariffs on Canada, Mexico, and China may cause some "pain," and it's showing up on world markets:
  • In the US: Dow futures were down more than 600 points before Monday's opening bell, reports CNBC . The broader S&P 500 index
...

Trump Issues Warning: 'Some Pain' Could Be Coming

Due to tariffs, president says

(Newser) - Now that his trade war is in full swing, President Trump issued a warning and a vow to Americans Sunday. "WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!)" he posted on his Truth Social network, per the Washington Post and CNN . "BUT WE WILL MAKE...

Canada, Mexico, China Ready Their Retaliation


The Tariff
Trade Fight
Gets Underway
the rundown
Feb 2, 2025 8:14 AM CST

The Tariff Trade Fight Gets Underway

Canada, Mexico, China responds to Trump order of new tariffs

(Newser) - The newly ordered tariffs President Trump is imposing on Canada, Mexico, and China don't take effect until Tuesday, but all three nations already are firing back.
  • Canada: It will impose a 25% tariff on a wide range of US products, including beer, wine, bourbon, and orange juice from Trump'
...

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...

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