tariffs
Coverage of tariffs in the Nexus archive.
- U.S. is weighing slashing tariffs on Canadian steel, aluminum, and autos in trade deal
The U.S. is weighing the potential reduction of tariffs on several goods in a trade deal involving Canada. Specifically, the United States is considering lowering steel and aluminum tariffs from 50% to 25%. Furthermore, auto tariffs are being considered for reduction from 25% down to 15%.
- The Latest: Trump says US and Canada reached deal to delay US tariffs on Canadian imports
Donald Trump announced a deal reached between the U.S. and Canada to delay 50% tariffs on $20 billion of Canadian imports. In other news, joint drills between South Korean and U.S. militaries are being scaled back following an order from Trump. Additionally, primary voters in Florida elevated a progressive Democrat for Senate while Trump’s chosen candidate, Republican Rep. Byron Donalds, won the nomination to be the state’s first Black governor.
- Trump halts new tariffs on Canadian goods hours before deadline
President Donald Trump announced he was delaying scheduled 50% U.S. tariffs on $20 billion in Canadian imports after Canada and the U.S. reached a last-minute deal. This delay, which buys time for negotiations, avoids immediate economic strain between the two historic allies.
- Trump announces temporary pause on new Canada tariffs
Donald Trump announced a temporary pause on new 50% tariffs that were set for Canadian goods. He stated that this action is due to a deal negotiated between the U.S. and Canada.
- Trump announces temporary pause on new Canada tariffs
President Donald Trump announced a temporary pause on the new 50% tariffs applicable to Canadian goods. He stated that this action is being taken and cited an agreement between the U.S. and Canada.
- Trump announces temporary pause on new Canada tariffs
President Donald Trump announced a temporary pause on new 50% tariffs set for Canadian goods. He stated that this action was due to a deal agreement reached between the U.S. and Canada.
- Trump announces temporary pause on new Canada tariffs
Donald Trump announced a temporary pause on new tariffs concerning Canadian goods. The measure involves stopping 50% tariffs that were set to take effect. He cited an agreement between the U.S. and Canada as the reason for the pause.
- Trump says US and Canada have reached last-minute deal to delay 50% US tariffs on Canadian imports
President Donald Trump announced that U.S. tariffs were being delayed after US and Canada reached a last-minute deal. The original sanctions, set at 50% on $20 billion worth of Canadian imports, would no longer go into effect.
- Trump pauses 50% tariffs on Canada for 3 days
President Trump announced a three-day pause on 50 percent tariffs targeting Canadian goods. The announcement, made late Tuesday, stated that the suspension was due to ongoing finalization of a deal between the U.S. and Canada. This action took place hours before the previously scheduled midnight implementation of the tariffs.
- Trump hits pause on Canada tariffs threat, and hints at revival of Keystone XL oil pipeline project
President Trump temporarily paused a threatened 50% US tariff on goods from Canada for three days after an agreement was reached with Canadian officials. This hike, which would have affected $20bn worth of goods, has been delayed by the pause. Furthermore, Trump hinted that the contentious Keystone XL oil pipeline project may be revived.
- Trump holds off on new 50% tariffs for Canadian goods
Trump announced a hold off on implementing new 50% tariffs for Canadian goods. The discussion centers on understanding what status the plan for these proposed new tariffs from the Trump administration currently holds.
- Trump says US and Canada have reached last-minute deal to delay 50% US tariffs on Canadian imports
The United States and Canada reached a deal that delayed the proposed 50% US tariffs on $20 billion worth of Canadian imports. Donald Trump posted late Tuesday confirming that he had paused the tariffs based on the fact that Canada and the U.S.A., subject to finalization, have a DEAL! The agreement avoids another strain in relations between the two historic allies.
- ‘Very, Very Strong’ Demand Fuels Global Trade Amid Supply Shocks
Global goods trade demand remains 'very, very strong,' which helps fuel global commerce amidst supply shocks. The world economy is expected to absorb various shocks—stemming from extreme weather, wars, and tariffs—due to the artificial intelligence boom and energy transition.
- From classic to static: J Crew tries to recapture its sense of style
J Crew is attempting to recapture its sense of style, moving from classic to static. Meanwhile, Anchorage Capital's turnaround plan is facing significant hurdles stemming from high debt, management turmoil, and Trump tariffs.
- ‘I Know About Tariffs’: Small Biz Struggles With High Costs, Trump Chaos
Despite a landmark Supreme Court decision overturning President Donald Trump's emergency tariffs, few New York City small businesses have benefited from tariff refunds while they struggle under new import levies. The Manhattan Chamber of Commerce reported that tariffs are among top factors squeezing bottom lines, with small businesses absorbing an estimated $4.5 billion annually in tariff costs. Furthermore, many business owners find the refund filing process daunting and are fearful of government retribution.
- Trump refuses to back down as Supreme Court blocks major policies
After the Supreme Court blocked major policies, Trump has refused to back down from his actions. The president is seeking methods around rulings related to tariffs, birthright citizenship, and the Fed. Experts noted that these moves push the court’s limits but do not signal outright defiance.
- Whither Trump’s tariffs?
US officials are utilizing a patchwork of obscure laws to initiate a series of new probes. These investigations regarding tariffs could potentially result in fresh duties.
- Shein faces existential threat as tariffs hit low-price model, putting new focus on services
Shein attracted consumers by offering low prices, but its business model faces an existential threat. New tariffs and changing regulations have forced the company to raise prices, causing shoppers to flee. This necessitates a new strategic focus on services for the brand.
- China’s Solar Stocks Whipsawed by Domestic Policies, US Tariffs
Chinese solar stocks experienced significant volatility this week, described as being whipsawed. This instability was caused by a combination of internal domestic efforts aimed at ending below-cost sales and new tariff threats originating from the US.
- U.S. services growth hit a nine-month high in July. Input costs hit a 14-month high too
U.S. services growth reached a nine-month high in July, with input costs hitting a 14-month high. S&P Global's final July reading was 54.6, driven by rising tariffs and energy costs pushing prices higher.
- Chinese and Western firms are teaming up even as governments fight
Chinese and Western firms are increasing collaboration despite geopolitical tensions and government measures like tariffs and sanctions. Corporate deal-making is thriving as multinational executives prioritize business interests over political conflicts.
- Spanberger says Va. Dems can flip at least 4 House seats, but concerned Trump will ‘sow doubt’ in election
Virginia Gov. Abigail Spanberger expressed confidence in flipping four Republican-held U.S. House seats in November and shared concerns about potential election interference from President Donald Trump. She highlighted issues like Trump's tariffs, the war with Iran, and the 'Big Beautiful Bill' as factors influencing voter sentiment in key districts.
- Americans most concerned about inflation and cost of living: Survey
A national survey by Marquette University Law School found inflation and cost of living are the top concerns for Americans, with declining public approval of President Donald Trump's economic handling and tariffs. The U.S. war in Iran and rising gas prices contributed to economic pessimism, while a coalition of 25 Democratic-led states sued the Trump administration over tariffs. Over 70% of respondents reported higher grocery costs, and 69% expect inflation to rise next year.
- Back-to-school tips for savings
Tariffs have caused back-to-school product prices to rise by approximately 8% compared to last year, according to research by The Century Foundation and Groundwork Collaborative. The study highlights increased costs for typical school items due to overseas manufacturing and trade policies.
- Trump administration refunds $100bn in ‘liberation day’ tariffs
The Trump administration refunds $100 billion in tariffs, with US customs officials repaying 60% of levies invalidated by the Supreme Court.
- Trade tensions mount ahead of Trump-Xi summit
US-China trade tensions escalate ahead of the Trump-Xi summit as the US imposes new tariffs and restrictions on Chinese goods and companies, while China tightens rare earth product exports. A senior Chinese official and a former US trade negotiator indicate uncertainty in US strategy, with maintaining the trade truce as a key objective.
- The Latest: Blanche's assertion of Trump tax audit immunity remains in place
Todd Blanche rescinded a $1.8 billion fund for Trump's allies but maintained audit immunity for Trump and his organization. Trump criticized a dropped charge against a former Olympian, discussed Iran negotiations, and planned a California visit to highlight economic contrasts with Democrats. Twenty-five states sued over new tariffs, claiming they replace invalidated import taxes.
- The Latest: Blanche's assertion of Trump tax audit immunity remains in place
Todd Blanche rescinded a $1.8 billion fund for political allies of President Donald Trump but maintained a tax audit immunity plan for Trump, his sons, and the Trump Organization. Trump criticized U.S. Attorney Jeanine Pirro for dropping charges against a former Olympian and discussed Iran negotiations. Trump's California visit aimed to contrast with Governor Gavin Newsom's policies, including a higher minimum wage, while 25 states sued over new tariffs.
- Vote to take place on Blanche nomination after GOP senators drop opposition – US politics live
Todd Blanche is moving toward becoming attorney general after GOP senators dropped opposition to his nomination, despite criticism over a deal to halt Trump's slush fund. The Senate passed a continuing resolution to avoid a government shutdown, and 25 states sued the Trump administration over new tariffs.
- Battleground Democrats try to stay above their party's fray
Democratic candidates like Sean McCann are avoiding internal party conflicts to focus on economic issues linked to President Donald Trump's policies, emphasizing tariffs and rising costs. They aim to capitalize on declining economic approval ratings and high unemployment in key districts like Southwest Michigan.
- US states sue to block Trump tariffs impacting dozens of countries
US states are suing to block Trump's tariffs, which were imposed due to claims that 60 US trading partners failed to address forced labor. The tariffs impact dozens of countries.
- 25 US states sue Trump administration over sweeping new tariffs
25 US states filed a lawsuit against the Trump administration, alleging the president overstepped legal authority by imposing wide-ranging tariffs on multiple trading partners under the pretense of addressing forced labour. The states seek a court order to block the tariffs and mandate refunds for importers.
- US: 25 states sue over Trump's new tariffs
25 states are challenging the Trump administration's justification for new tariffs, arguing they address imports from alleged forced labor. The White House maintains the tariffs are legal.
- 25 states sue Trump administration over latest round of tariffs
25 states are suing the Trump administration over new tariffs. California's attorney general argues the tariffs are harming consumers and businesses.
- 25 states sue over Trump's new tariffs, calling them 'pretext' to replace his old ones
25 states, including Illinois, filed a lawsuit over President Donald Trump's new tariffs, arguing they are a pretext to replace existing ones. The states claim the tariffs are being used to circumvent prior measures.
- 25 states sue over Trump's new tariffs, calling them 'pretext' to replace his old ones
25 states, including Illinois, filed a lawsuit challenging President Donald Trump's new tariffs, alleging they are a pretext to replace previous ones.
- US states sue Trump administration over new tariffs on 60 trading partners
25 US states sued the Trump administration over new 10% to 12.5% tariffs on goods from 60 trading partners, arguing the tariffs are unlawful and a pretext for replacing import taxes struck down by the Supreme Court in February. The states seek to halt the tariffs, declare them unlawful, and order refunds of collected duties.
- US states sue Trump administration over new tariffs on 60 trading partners
A coalition of 25 US states sued the Trump administration over new 10% to 12.5% tariffs on goods from 60 trading partners, calling them unlawful. The states are seeking to halt the tariffs, have them declared unlawful, and obtain refunds for paid duties.
- 25 states sue over Trump’s latest tariffs, calling them pretext for replacing levies Supreme Court struck down
25 states have filed a lawsuit against Trump’s latest tariffs, claiming they are a pretext for replacing levies that the Supreme Court previously struck down.
- Dominion offshore wind project cost rises nearly $300M
The Dominion offshore wind project's cost has increased by nearly $300 million due to revised network upgrade costs from PJM Interconnection, tariffs under the Trump administration, and updated turbine installation projections.