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Trump tells US steelworkers he’s going to double tariffs on foreign steel from 25% to 50%
WEST MIFFLIN, Pa. (AP) — President Donald Trump said Friday that he’s doubling the tariff rate on steel to 50%, a dramatic increase that could further push up prices for a metal used to make housing, autos and other goods. Trump spoke at U.S. Steel‘s Mon Valley Works–Irvin Plant in West Mifflin, Pennsylvania, near Pittsburgh […]
Appeals court allows Trump to continue collecting tariffs under an emergency powers law for now
A federal appeals court is allowing President Donald Trump to continue collecting tariffs under an emergency powers law for now.
Trump trade war faces legal challenge as businesses, states argue his tariffs exceeded his power
Trump's sweeping tariffs under emergency powers face lawsuits from states and businesses arguing he overstepped constitutional authority on trade.
US and China take a step back from sky-high tariffs and agree to pause for 90 days for more talks
The U.S. and China agreed to cut tariffs and pause their trade war for 90 days, calming markets and renewing hopes for a long-term deal.
Tariffs, politics drive uncertainty for shipping
Rising tariffs, Red Sea attacks, and labor costs create instability for shippers and could impact Port of Virginia operations and U.S. supply chain
The Latest: Stocks plummet as global markets feel the impact of Trump’s tariffs
U.S. stocks careened after President Donald Trump threatened to crank his tariffs higher on Monday. The S&P 500 was down 0.8% in late trading, but only after a day of heart-racing reversals as battered financial markets try to figure out what Trump’s ultimate goal is for his trade war. If it’s to get other countries to agree to trade deals, […]
Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars
WASHINGTON (AP) — President Donald Trump declared on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States, threatening to upend much of the architecture of the global economy and trigger broader trade wars. Trump held up a chart […]
Trump is set to announce ‘reciprocal’ tariffs in a risky move that could reshape the economy
WASHINGTON (AP) — After weeks of White House hype and public anxiety, President Donald Trump is set on Wednesday to announce a barrage of self-described reciprocal tariffs on friend and foe alike. The new tariffs, coming on what Trump has called “Liberation Day,” are a bid to boost U.S. manufacturing and punish other countries for what he says are […]
Europe says that it holds a lot of trade cards on the eve of Trump’s tariff ‘Liberation Day’
BRUSSELS (AP) — A top European Union official warned the U.S. on Tuesday that the world’s biggest trade bloc “holds a lot of cards” when it comes to dealing with the Trump administration’s new tariffs and has a good plan to retaliate if forced to. U.S. President Donald Trump has promised to roll out taxes on […]
Canada is not our enemy, Kaine says
U.S. Sen. Tim Kaine, Virginia’s junior Democratic senator, feels strongly that Canada doesn’t pose a national security threat to the United States — a contrast to President Donald Trump, who has threatened the Great White North with tariffs as retaliation for what he says are insufficient efforts at keeping drugs from coming across its border. […]
Trump places 25% tariffs on auto imports
WASHINGTON (AP) — President Donald Trump said Wednesday he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. “This will continue to spur growth,” Trump told reporters. “We’ll effectively be charging a […]
Canadian Prime Minister Carney says trade war is hurting Americans, noting consumer confidence
TORONTO (AP) — Canadian Prime Minister Mark Carney said Wednesday U.S. President Donald Trump‘s trade war is hurting Americans, noting that American consumer confidence is at a multi-year low. Carney also said the kinship that exists between U.S. and Canada is under more strain than at any point in the two countries storied histories. “His trade war is hurting American consumers [&[...]
