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tariffs

Trump, Carney discuss future of U.S.-Canada trade deal
Oct 7, 2025

Trump, Carney discuss future of U.S.-Canada trade deal

Trump signals openness to extending USMCA or pursuing new trade deals as Canadian PM Carney visits White House to ease tensions.

Gold futures rise above $4,000 per ounce for the first time
Oct 7, 2025

Gold futures rise above $4,000 per ounce for the first time

Gold futures surged past $4,000 per ounce as investors sought safe havens amid the U.S. government shutdown and global economic worries.

Photo by DepositPhotos
Oct 2, 2025

Galax furniture maker adds hours, eyes hiring as tariffs spur demand

Galax-based Vaughan-Bassett, which makes wooden adult bedroom furniture, is seeing demand climb strongly enough that it has added hours in multiple departments.

US consumer confidence falls on inflation, weak jobs
Sep 30, 2025

US consumer confidence falls on inflation, weak jobs

Job openings stayed at 7.23M in August as hiring slowed. Layoffs eased but quits fell amid Fed cuts, trade tensions, and shutdown risk.

Hampton Roads seeks opportunities amid federal policy changes
Sep 30, 2025

Hampton Roads seeks opportunities amid federal policy changes

Hampton Roads leaders warn of risks from tariffs, defense cuts and energy policy while seeing growth in military tech and industry.

Hampton Roads Business 2025: Executive Insights
Sep 29, 2025

Hampton Roads Business 2025: Executive Insights

Virginia Business asked six Hampton Roads leaders to discuss how their organizations are contributing to the region’s success and meeting challenges such as changing trade policy, regional cooperation and workforce training. PAT DAVIS-HAGENS Market president, Bon Secours Hampton Roads, Suffolk How does Bon Secours assess where to open new facilities, like the hospital in Suffolk […]

Wind energy projects continue despite federal headwinds
Sep 29, 2025

Wind energy projects continue despite federal headwinds

Despite cost increases, legal challenges, tariff uncertainty and President Donald Trump‘s dogged opposition to wind energy, Dominion Energy’s Coastal Virginia Offshore Wind project is on track to begin powering 660,000 homes in late 2026. Construction on the 2.6-gigawatt project 27 miles off the Virginia Beach coast was 60% complete as of late July. According to […]

A worker pins blue upholstery to a chair
Sep 26, 2025

Trump announces 30% tariff on upholstered furniture

HIGH POINT — President Trump announced a new 30% tariff on upholstered furniture imports on Thursday, taking effect on Oct. 1. At this time, it is unclear whether the new tariffs will be in addition to previously announced tariffs. In addition to the upholstered furniture tariffs, Trump also announced new tariffs on branded drugs, heavy-duty trucks, kitchen cabinets and bathroom […]

Trump slaps tariffs on drugs, furniture, trucks
Sep 26, 2025

Trump slaps tariffs on drugs, furniture, trucks

Starting Oct. 1, Trump will impose tariffs of up to 100% on drugs, cabinets, furniture and heavy trucks, citing national security.

Trump, Xi discuss TikTok deal and easing US-China trade war
Sep 19, 2025

Trump, Xi discuss TikTok deal and easing US-China trade war

Trump and Xi discuss a TikTok deal that could keep the app in the U.S. while signaling progress in easing trade tensions between the nations.

Port of Virginia expects a reduction in imports from China due to President Trump's tariffs. Photo courtesy Port of Virginia
Sep 17, 2025

Port of Virginia sees 8.7% drop in cargo traffic

The Port of Virginia has seen a decline in shipping container volumes in recent months, amid President Trump's trade war.

Retail sales up 0.6% in August from July even as tariffs hurt jobs and lead to price hikes
Sep 16, 2025

Retail sales up 0.6% in August from July even as tariffs hurt jobs and lead to price hikes

Retail sales rose 0.6% in August, boosted by back-to-school shopping, despite tariffs beginning to raise prices and pressure the job market.

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