tariffs

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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...

Investors Worry 'Soft Landing' Is Going Off Track

Meanwhile, Dow futures point to modest gains at open after Monday's selloff

(Newser) - It appears the stock market will open in positive territory on Tuesday after Monday's steep selloff , though nowhere near big enough to recoup the losses. Dow futures were up about 100 points, reports CNBC , after losing nearly 900 at Monday's close. A "modicum of calm" also returned...

Canadian Province Slaps 25% Tariff on Power to US

'We will not back down,' says Ontario Premier Doug Ford

(Newser) - Ontario Premier Doug Ford slapped a 25% tariff on electricity exports to the US on Monday, estimating that it would add almost $70 US to the monthly bills of many homes and businesses in New York, Michigan, and Minnesota. Ford said the surcharge would bring in up to $400,000...

Fears of a 2025 Recession Are Gaining Steam
Fears of a 2025 Recession
Are Gaining Steam
the rundown
Mar 10, 2025 10:43 AM CDT

Fears of a 2025 Recession Are Gaining Steam

Big banks more pessimistic as Trump declines to rule out the possibility

(Newser) - Wall Street started the new trading week in a foul mood on Monday, with the Dow tumbling about 500 points and the benchmark S&P 500 index down more than 2%. It's a continuation of last week's selloff blamed on tariff uncertainty, but Monday's pain appears to...

Trump Concedes Recession Is Possible

Adjusting to tariffs will take time, president says

(Newser) - President Trump would not rule out the possibility of a recession this year during an interview aired Sunday, saying it "takes a little time" for the economy and Americans to see the benefits of his new tariffs. He discounted the recent stock market losses, contending "you have to...

Costco Trims Canada Inventory in Response to Trump's Tariffs

Remaining products from affected countries will cost more

(Newser) - Shoppers will find fewer goods from Canada on Costco store shelves now that President Trump has imposed tariffs, the chain's chief executive said, and the products that are there will cost more. The warehouse retailer also will look for more products to import from nations that have not been...

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