tariffs

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King Charles Offers Trump a First for a US President

Trump is first US leader to have 2 state visits in the UK, which is seeking trade leverage

(Newser) - King Charles III is set to show some royal hospitality to President Trump during his high-profile state visit to Windsor Castle on Wednesday. The two-day affair, featuring a horse-drawn carriage, military bands, and a formal banquet, marks the second such state visit for Trump—a distinction claimed by no...

Whiskey Rivals Join Forces to Fight Tariff

Scotch, bourbon producers say 10% tariff could cost the US lots of money and thousands of jobs

(Newser) - Whiskey rivals Scotch and bourbon are setting aside their competition as new US tariffs threaten to shake up a centuries-old partnership, reports the New York Times . Both US whiskey producers and their Scottish counterparts agree tariffs on Scotch whisky imported into the US are bad for business on both...

CBO: Economy Will Get Worse Before It Gets Better

Agency predicts grim picture on unemployment, inflation in 2025, before improvement in '26

(Newser) - President Trump's tariff policies, immigration crackdowns, and sweeping tax and spending law are expected to increase jobless rates and inflation and lower overall growth this year before they improve next year, according to a new report from the nonpartisan Congressional Budget Office. The CBO on Friday released new economic...

Health Insurance Is Set for a Steep Hike

Expiring ACA subsidies, pricey new drugs could drive premiums higher

(Newser) - Americans can expect a significant jump in health insurance premiums over the next couple of years, with costs set for the largest increase in at least half a decade. Multiple industry surveys project that businesses will see premiums rise by 9% or more in 2026—costs likely to trickle...

Trump Makes New Move to Pressure Russia on Ukraine

President is reportedly mulling 100% tariffs on China, India, but only if the EU does the same

(Newser) - President Trump is reportedly urging the European Union to act with the US in slapping China and India with tariffs as high as 100%, in a bold move meant to pressure Russia over its war in Ukraine. Trump made the demand of EU officials during a Tuesday meeting, where...

Supreme Court Grants Trump 'Lighting-Fast' Tariffs Hearing

High court will hear administration's appeal in November

(Newser) - The Supreme Court granted an unusually quick hearing on President Trump's sweeping tariffs on Tuesday, putting a policy at the center of his economic agenda squarely before the nation's highest court, the AP reports. The justices will hear the case in November, a lightning-fast timetable by the Supreme...

In Falling Lumber Prices, a Potential Warning Sign

Big producers slash output amid weak demand, trade uncertainty

(Newser) - Wall Street is getting jumpy over falling lumber prices, which may be signaling trouble ahead for the housing market and the broader economy. Lumber futures have plunged 24% since August's three-year high, closing Monday at $526.50 per thousand board feet, per the Wall Street Journal . Random Lengths'...

End of 'de Minimis' Saw Postal Traffic to US Plunge 81%

White House ended exemption on low-value parcels, and UN postal agency says it had a big effect

(Newser) - Postal traffic into the United States plunged by more than 80% after the Trump administration ended a tariff exemption for low-cost imports, according to the UN postal agency. The Universal Postal Union says it has started rolling out new measures that can help postal operators around the world calculate and...

After Losses and Tariff 'Crisis,' Japan's Prime Minister Resigns
Japan's Prime Minister Resigns
Sep 7, 2025 1:00 PM CDT

Japan's Prime Minister Resigns

Shigeru Ishiba says he has to take responsibility for coalition's loss of majorities in parliament

(Newser) - Japanese Prime Minister Shigeru Ishiba announced his resignation on Sunday after a series of election losses, pushing world's fourth-largest economy into political uncertainty just as it clinched a trade deal with the US. Ishiba, 68, said he must take responsibility after his ruling coalition lost its majorities in...

Trump Takes Tariff Battle to the Supreme Court

High court asked to decide limits of presidential trade authority

(Newser) - The Trump administration is seeking quick action from the Supreme Court to uphold President Trump's wide-reaching tariffs on foreign imports, following a significant legal setback, the New York Times reports. Last month, a federal appeals court invalidated the administration's most aggressive tariffs, ruling that Trump had overstepped...

Trump Talks Space Command, Chicago, Death Rumors
Trump on Chicago:
'We're Going In'
Sep 2, 2025 3:28 PM CDT

Trump on Chicago: 'We're Going In'

He also spoke about Space Command, death rumors in Oval Office appearance

(Newser) - President Trump, speaking to reporters in the Oval Office for the first time in a week, confirmed Tuesday that US Space Command headquarters will move to a "beautiful locale of a place called Huntsville, Alabama." He said the move from Colorado was partly influenced by Colorado's reliance...

Trump Switches His Favorite President

He's turned from Andrew Jackson to William McKinley

(Newser) - In his first term, President Trump's favorite commander-in-chief, other than himself, was Andrew Jackson, the hatchet-faced, self-made populist who relished turning Washington upside down. Now he's partial to the barrel-chested, unfailingly polite William McKinley, a champion of American expansionism as well as of tariffs, Trump's favorite second-term...

Sheinbaum Celebrates Handling of Trump Tension

'Things are going well, and they're only going to get better,' Mexico's president tells nation

(Newser) - Mexican President Claudia Sheinbaum celebrated her government's handling of its tumultuous relations with the Trump administration, progressive gains, and contentious judicial reforms in her first state of the nation address on Monday. "Things are going well, and they're only going to get better," she promised. Sheinbaum,...

Xi, Putin, and Modi Send Message to US

India cozies up to China, Russia at summit where US policy is rebuked

(Newser) - At a summit in Tianjin, eastern China, on Monday, the leaders of China, Russia, and India offered a carefully choreographed show of unity aimed at the West. Cameras caught Xi Jinping, Vladimir Putin, and Narendra Modi exchanging handshakes and laughter, with Modi at one point linking hands with Xi...

Court Rules Against Trump's Tariffs, but With a Catch

Federal appeals court leaves tariffs in place for now so administration can appeal to Supreme Court

(Newser) - A federal appeals court ruled Friday that President Trump had no legal right to impose sweeping tariffs on almost every country on Earth but left in place for now his effort to build a protectionist wall around the American economy. The ruling from the US Court of Appeals for the...

A Massive Trade Loophole Just Closed

No more tariff, customs exemptions for shipments to the US under $800

(Newser) - More than 1.36 billion packages entered the US under the "de minimis" trade exemption last year, around 4 million a day or 43 per second, but that loophole for shipments worth under $800 has now closed. At 12:01am on Friday, Customs and Border Protection began collecting duties...

Trump's 50% Tariff Hike on India Goes Into Effect

New tariffs of up to 50% threaten Indian exports, put millions of jobs at risk

(Newser) - President Trump's decision to double tariffs on Indian imports to rates as high as 50% took effect on Wednesday, putting a major strain on US-India relations at a time when the two nations have been deepening strategic ties. The move, in part a response to India's continued...

Canada's Move Resets Trade Talks With US

PM Carney drops retaliatory tariffs to match US

(Newser) - Canada is dropping retaliatory tariffs to match US tariff exemptions for goods covered under the United States-Mexico-Canada trade pact, Prime Minister Mark Carney announced Friday. Carney said Canada will include the carve-out that the US has on Canadian goods under the 2020 free trade deal that shields the vast majority...

Inflation Is Coming for Your Vegetables

Wholesale vegetable prices rose nearly 40% from June to July

(Newser) - Wholesale food prices rose 1.4% from June to July, with one big subsector leading the way: fresh and dry vegetables, which surged 38.9% in that same time period, per the AP . That's the largest month-on-month spike for veggies since March 2022, as well as the biggest increase...

US Announces Another Delay on China Tariffs

Trade truce has been extended for 90 days

(Newser) - President Trump extended a trade truce with China for another 90 days Monday, at least delaying once again a dangerous showdown between the world's two biggest economies, the AP reports. Trump posted on his Truth Social platform that he signed the executive order for the extension, and that "...

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