tariffs

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Trump Plans 100th Day Rally in Michigan

Rally follows tariff debates and meeting with state's governor

(Newser) - President Trump will hold a rally in Macomb County, Michigan, next Tuesday to celebrate his first 100 days in office, White House press secretary Karoline Leavitt announced Wednesday. This will be Trump's first big rally since his inauguration and his first visit to Michigan since winning the battleground...

States Ask Court to Declare Trump Tariffs Illegal

'The president does not have the power to raise taxes on a whim,' New York AG says

(Newser) - States opposed to President Trump's tariffs are taking the administration to court. A coalition of a dozen states, most of them led by Democrats, filed a lawsuit Wednesday asking a federal court to declare the tariffs illegal, CNBC reports. The lawsuit was filed in the US Court of International...

Bessent: Trade War With China Is Not 'Sustainable'

In private speech, Treasury chief says he expects 'de-escalation'

(Newser) - US Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown against China is unsustainable and expects a "de-escalation" in the trade war between the world's two largest economies.
  • But in a private speech in Washington for JPMorgan Chase, Bessent also cautioned that talks
...

IMF Warning: Tariffs Have 'Reset' the World Economy

Group forecasts slower growth in the US and around the globe

(Newser) - President Trump won't be a fan of a new warning issued Tuesday by the International Monetary Fund. The organization predicted that Trump's tariffs will slow economic growth around the world.
  • In its updated World Economic Outlook, the IMF revised global economic growth down to 2.8% for
...

Chipotle Mexican Grill Is Finally Heading to Mexico

Chipotle partners with Alsea for debut location in Mexico City

(Newser) - Chipotle Mexican Grill might have "Mexican" in its name, but it's never had a location in Mexico. That's about to change, with the restaurant chain opening its first location south of the US border in its three-decade history. The California-based chain announced the move on Monday;...

China's Rejected Boeing Planes Return to US

Their price was set to more than double under tariffs

(Newser) - The returns process has begun. After China's government reportedly ordered the nation's airlines to pause purchases of US aircraft and related parts, Xiamen Airlines has rejected at least two Boeing jets whose cost was set to skyrocket as a result of President Trump's tariffs. A 737 Max...

DHL Halts High-Value Shipments to US

Tighter customs checks and tariff changes trigger global shipping delays

(Newser) - Shoppers and sellers are bracing for delivery upheaval as DHL Express halts most high-value shipments to the US, blaming tougher customs rules linked to President Trump's latest tariffs. The company will suspend shipments worth more than $800 to US consumers starting Monday, citing a surge in customs paperwork,...

Temu and Shein Have Some Bad News for Consumers

Chinese retailers say they'll be raising prices to offset Trump administration's tariffs

(Newser) - US customers who continue to buy from Chinese fast-fashion retailers Temu and Shein could soon be seeing higher prices for their orders. Both retailers have warned US customers of price increases beginning next week in response to US-imposed tariffs on Chinese imports, per the Guardian . On May 2, the "...

Europe's Central Bank Cuts Rates Amid Trade Tensions

President Christine Lagarde warns of slower economic growth

(Newser) - The European Central Bank on Thursday did what President Trump is imploring America's central bank to do—cut interest rates. The ECB lowered its key rate from 2.5% to 2.25%, which the Wall Street Journal reports is its seventh cut in eight meetings. The bank cited...

Border Patrol's Tariff Intake Clashes With Trump's Claim

The president's reported windfall is much higher

(Newser) - Customs and Border Protection has announced the amount of money it's taking in under President Trump's tariffs, and the figures do not agree with the president's repeated declaration that the US is collecting $2 billion per day. That figure was said to include revenue tied to the...

Hong Kong Suspends Parcels to 'Bullying' US
Hong Kong: No More
Parcels to the US
Apr 16, 2025 11:33 AM CDT

Hong Kong: No More Parcels to the US

Hongkong Post cites 'exorbitant and unreasonable fees' tied to tariffs

(Newser) - Hong Kong's post office will stop shipping small parcels to the United States after Washington announced plans to charge tariffs on small-value parcels from the southern Chinese city, the government said Wednesday, per the AP . The US government earlier announced that it would end a customs exception allowing small-value...

In Run-Up to Tariff Jump, China's Economy Surged

Gross domestic product grew 5.4%

(Newser) - China's economy showed surprisingly strong growth in the three months before tariffs began ramping up in earnest. The country's GDP growth hit 5.4% in the first quarter of 2025, according to official data released Wednesday, surpassing the 5.1% expected by economists polled by Reuters and...

California's Suit Against Trump Tariffs Is Unusual in 2 Ways

Gov. Gavin Newsom is serving as the face of the suit, and the state is going it alone

(Newser) - "President Trump's unlawful tariffs are wreaking chaos on California families, businesses, and our economy," said California Gov. Gavin Newsom—and so he is suing on behalf of the state. The suit, announced Wednesday, will argue that the International Emergency Economic Powers Act of 1977, which Trump relied...

Trump Is Considering Pausing Auto Tariffs

'I don't change my mind, but I'm flexible'

(Newser) - President Trump suggested Monday that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector to give carmakers time to adjust their supply chains. "I'm looking at something to help some of the car companies with it," Trump told reporters gathered in...

Xi on Trump's Tariffs: 'No Winners in a Trade War'

Chinese leader is on tour of Southeast Asia to shore up alliances amid tariffs conflict with US

(Newser) - China's leader Xi Jinping said no one wins in a trade war as he kicked off a diplomatic tour of Southeast Asia on Monday, presenting China as a force for stability in contrast with President Trump's latest moves on tariffs. Although Trump has paused some tariffs, he has...

Lutnick: Don't Count on Tech Exemptions From Tariffs

The products will be included in a future round, he says

(Newser) - That exemption from President Trump's tariffs for certain electronics and the computer chips that power them is nice while it lasts, Commerce Secretary Howard Lutnick suggested Sunday. "They're exempt from the reciprocal tariffs, but they're included in the semiconductor tariffs, which are coming in probably a...

As Stocks Plunged, MTG Put Her Money in

Marjorie Taylor Greene, a longtime supporter of Trump's tariffs, invested in stocks hit hard by them

(Newser) - As stocks tanked on tariff fears, Marjorie Taylor Greene showed her faith in the president not just with words but dollar bills. The Republican congresswoman, an avid supporter of the Trump administration's trade policies, not only bought stocks last week as others dumped them in a panic—she scooped...

Tesla Halts China Sales of Models Imported From US

New tariffs would more than double the price of American-made models

(Newser) - Most of the cars Tesla sells in China are made in China, but Elon Musk's company is not immune from the trade war. The company has stopped accepting orders in China for two models it imports from the US, the Model S sedan and the Model X SUV, the...

China Hikes Tariffs on US Imports to 125%

Beijing says Trump's tariffs will 'become a joke in the history of the world economy'

(Newser) - China has once again responded to President Trump's tariffs with countermeasures, but it says this will be the last time. Beijing said Friday that it is raising tariffs on US imports from 84% to 125% starting Saturday, the AP reports. On Thursday, the White House confirmed that a 125%...

US-China Friction Grows, and Markets Tank Again
US-China Friction
Only Gets Worse
THE RUNDOWN
Apr 10, 2025 11:05 AM CDT

US-China Friction Only Gets Worse

Stock market craters again after Wednesday's rise

(Newser) - When President Trump paused additional tariffs on much of the world Wednesday, he excluded China from the break. Those hoping the US and China might follow up with a separate deal on Thursday have been disappointed. In fact, things have only gotten worse on that front:
  • The White House clarified
...

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