tariffs

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What to Expect on Trump's 'Liberation Day'
'Liberation Day' Has Arrived
the rundown
Apr 2, 2025 5:01 AM CDT

'Liberation Day' Has Arrived

Though not much is yet clear on what, exactly, to expect

(Newser) - President Trump has been teasing Wednesday as "Liberation Day," promising even more tariffs, but it's not clear exactly what is coming. As the BBC notes, Trump has already instituted so many tariffs "it can be hard to keep track," but he's promised what the...

Trump's Tariff Plan Is 'Settled'
Trump's Tariff Plan Is 'Settled'
Apr 1, 2025 9:21 AM CDT

Trump's Tariff Plan Is 'Settled'

President says his mind is made up, but we'll have to wait for details

(Newser) - We are now one day from " Liberation Day, " according to President Trump, who plans to unveil a new round of tariffs he says will free the US from dependence on foreign goods on Wednesday. Trump considered several ideas, including a 20% global tariff on nearly all imports, per...

Report: Trump Is Considering New Round of Farmer Bailouts

Farmers were compensated during his first term after tariffs caused $28B drop in exports

(Newser) - With President Trump preparing a sweeping new round of tariffs to be unveiled Wednesday, his administration is looking at ways to blunt some of the damage a trade war will do to farmers. Insiders tell the New York Times that administration officials have already held meetings with farm industry lobbying...

Markets Tumble Ahead of 'Liberation Day'

Dow futures and world markets fall ahead of April 2 tariffs, as White House works on details

(Newser) - It's shaping up to be another rough day for the stock market as investors brace for a new round of tariffs on Wednesday from President Trump—a day he has christened "Liberation Day."
  • Dow futures fell more than 250 points early Monday, reports CNBC . Futures for the
...

Tariffs Will Bring In Trillions, Navarro Says

Trump says he doesn't care if auto prices go up

(Newser) - A White House adviser's analysis of the impact of President Trump's planned tariffs suggested Sunday that it will be dramatic. Peter Navarro said on Fox News that the tariffs will result in more than $6 trillion in federal revenue over the next decade. Experts said that almost surely...

Trump on Call With Canada's Carney: 'Extremely Productive'

'We agree on many things,' US president said after call with new PM, amid tense tariff wars

(Newser) - US President Trump and Canadian Prime Minister Mark Carney hopped on the horn on Friday amid the two nations' escalating trade war, with the former calling the conversation "extremely productive," reports Bloomberg . "We agree on many things, and will be meeting immediately after Canada's upcoming Election...

Prices of Many Cars Are About to Jump
Cars Are About to Get
Even More Expensive
the rundown
Mar 28, 2025 12:20 PM CDT

Cars Are About to Get Even More Expensive

Toyota, Honda, Subaru among those likely to raise prices first under new tariffs

(Newser) - President Trump's 25% tariff on foreign cars—and foreign car parts—takes effect next week, and the auto industry is bracing. It could take weeks or months to see the full impact, but those in the market for a new or used car should not be surprised to see...

Inflation Comes in Hotter Than Expected

Dow futures slip on the new numbers

(Newser) - An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt, per the AP .
  • Friday's report from the Commerce Department showed that consumer prices increased in 2.5% in February from a year earlier, matching January's
...

Canada, Europe Say US Will Feel Auto Tariff

Carney calls Trump's announcement 'a very direct attack'

(Newser) - European leaders expressed dismay Wednesday at President Trump's announcement of a 25% tariff on auto imports while promising to quickly assess their options. "I deeply regret the US decision," said Ursula von der Leyen, president of the European Commission, per the New York Times . Canadian Prime Minister...

Trump Announces 25% Tariff on Auto Imports

He says it will 'lead to tremendous growth in the automotive industry'

(Newser) - President Trump announced a 25% tariff on imported cars Wednesday, a move he said would "lead to tremendous growth in the automotive industry." The tariff, to be implemented April 2, will apply to finished cars and trucks imported to the US, including American brands assembled in different countries,...

Trump Plans to Punish Venezuelan Energy Customers

The nations will face 25% charge on goods entering US, post says

(Newser) - Countries that buy or sell gasoline from Venezuela soon will be looking at a 25% tariff on goods they export to the US, President Trump said in a social media post Monday. The move appears to be punishment for what reasons that Trump said include sending thousands of criminal migrants,...

Trump's New Tariffs May Be Narrower Than Feared

Markets are rising on the optimism

(Newser) - President Trump still plans to unveil a new round of tariffs on April 2, but they're now expected to be less severe than initially feared, reports the Wall Street Journal and Bloomberg . The new reports have buoyed investors, and US markets are expected to open with a jump. Dow...

US Wine Industry: Businesses Will 'Shatter' Under Tariffs

Foreign wine stocks suffer under latest Trump threats

(Newser) - After Jack Daniel's whiskey maker Brown-Forman tumbled 5% Wednesday in response to a 50% tariff from the European Union, European wine and spirits suffered Thursday following President Trump's threat to apply 200% tariffs . Certificates of US shares in France's Pernod Ricard fell by almost 5%, and by...

Trump Hits Back on EU Counter Tariffs
Trump Hits Back on
EU Counter Tariffs
Mar 13, 2025 11:15 AM CDT

Trump Hits Back on EU Counter Tariffs

Threatens 200% tariff on EU alcohol, complains 'Entire World is RIPPING US OFF!!!'

(Newser) - President Trump says he'll slap 200% tariffs on wine and other alcohol from Europe if the European Union doesn't nix a planned 50% retaliatory tariff on American whiskey. The EU announced counter tariffs on Wednesday on $28 billion worth of US goods in response to Trump's "...

With Trump's Tariffs Now Live, Canada Hits Back

Its move follows a similar one from the EU

(Newser) - It's a double-whammy Wednesday on the retaliatory-tariffs front: Hours after the EU rolled out new duties on goods ranging from motorcycles to bourbon , Canada followed suit. The country said Wednesday that it plans to impose 25% reciprocal tariffs on roughly $21 billion of imports from the US. The move...

EU Rolls Out Counter Tariffs: 'Prices Will Go Up'

They cover US steel, aluminum, textiles, plastics, wood, agricultural products

(Newser) - The European Union on Wednesday announced retaliatory trade action with new duties on US industrial and farm products, responding within hours to the Trump administration's increase in tariffs on all steel and aluminum imports to 25%. The world's biggest trading bloc was expecting the US tariffs and prepared...

Trump's 25% Steel, Aluminum Tariffs Take Effect

Tariffs on imports from Canada remain at 25% despite earlier threat

(Newser) - President Trump officially increased tariffs on all steel and aluminum imports to 25% on Wednesday, promising that the taxes would help create US factory jobs at a time when his seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown, the AP reports. Trump removed...

Ford Suspends Tariff After 'Olive Branch' From US

Ontario leader says he has been invited to Washington, DC for trade talks

(Newser) - Ontario Premier Doug Ford, saying "both parties are heated and the temperature needs to come down," has suspended the Canadian province's 25% surcharge on electricity exports to the US. Ford, who vowed to be "relentless" earlier Tuesday after President Trump said he would double US tariffs...

In War of Words, Ontario's Leader Cites 'Trump Recession'
After Trump's Big Move,
Ontario Premier Fires Back
the rundown
Mar 11, 2025 12:26 PM CDT

After Trump's Big Move, Ontario Premier Fires Back

Doug Ford says US and Canada risk a 'Trump recession' because of the US president

(Newser) - President Trump escalated the trade war with Canada on Tuesday, a move that has further rattled markets and resulted in a war of words with the leader of Canada's most popular province.
  • "We will not back down," Ontario premier Doug Ford told MSNBC after Trump's decision
...

Trump Ups Canadian Steel, Aluminum Tariffs to 50%

The trade war is intensifying

(Newser) - President Trump says that he'll double his planned tariffs on steel and aluminum from 25% to 50% for Canada, reports the AP , escalating a trade war with the United States' northern neighbor. Trump says the increase of the tariffs set to take effect on Wednesday is a response to...

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