tariffs

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Trump's Tariff Formula Is Surprisingly Simple
Trump's Tariff Formula
Is Surprisingly Simple
the rundown
Apr 3, 2025 2:00 PM CDT

Trump's Tariff Formula Is Surprisingly Simple

A nation's trade deficit divided by its exports to the US, which is then divided by 2

(Newser) - So how did the US figure out the individual tariffs it levied on different nations? The White House posted an explainer with complicated-looking formula, but the BBC unpacks it to find a "simple" one beneath. As does CNN , which explains it succinctly:
  • "The country's trade deficit divided
...

Loophole That Let Temu Thrive Will Be Closed May 2

Trump is ending 'de minimis' tariff exemption for low-cost packages from China

(Newser) - A loophole that allowed millions of Americans to buy cheap, tariff-free goods from online Chinese retailers like Temu and Shein is being closed as part of President Trump's "Liberation Day" tariff actions. In an executive order Wednesday, Trump eliminated the "de minimis" exemption for packages worth under...

Tariffs Hit One Puzzling Locale
Tariffs
Hit One
Puzzling
Locale
Apr 3, 2025 10:10 AM CDT

Tariffs Hit One Puzzling Locale

Antarctic islands have no humans, lots of penguins

(Newser) - The unveiling of President Trump's tariffs on Wednesday had White House journalists reaching for their atlases—or at least Google. On the list of penalized nations is one that's actually an Australian territory in the Antarctic called Heard Island and McDonald Islands. Its inclusion is a bit of...

Stock Market Suffers a Brutal Opening

S&P 500 down more than 3%, on track for worst day in 2 years after tariff rollout

(Newser) - The stock market opened on Thursday exactly as predicted —with a thud. Investors seemed rattled as they continued to digest the implications of President Trump's bigger-than-expected tariffs , reports the Street .
  • The Dow fell more than 1,100 points, or 2.7%.
  • The S&P 500 fell 187 points,
...

5 Takes On the Trump Tariffs
5 Takes On the Trump Tariffs
the rundown
Apr 3, 2025 7:52 AM CDT

5 Takes On the Trump Tariffs

Wall Street Journal editorial fears recession 'or worse,' but much depends on other nations' response

(Newser) - The tariffs unveiled by President Trump on Wednesday represent the "most ambitious economic realignment the American people have ever seen," a White House official tells Axios , and the outlet finds that "it's hard to disagree." But there is much disagreement on whether this realignment will...

There's a Notable Absence Among Nations Hit With Tariffs

Russia's not on the list, but the White House says that's because existing sanctions are so severe

(Newser) - The broad new tariffs unveiled by President Trump on Wednesday impose financial penalties on pretty much every country of note. However, Axios points out that one major nation is missing from the list—Russia. The White House says it isn't about favoritism: Press secretary Karoline Leavitt says existing sanctions...

Markets Sink After Tariffs Are Bigger Than Expected

Dow futures are down more than 1.1K points

(Newser) - The US stock market is poised to open with a steep plunge on Thursday in the wake of President Trump's tariff rollout, reports the Wall Street Journal . World markets sank as well.
  • Dow futures fell more than 1,100 points, or 2.6%, per CNBC . The benchmark S&P
...

Senate Votes Down Basis for Trump's Tariffs on Canada

Republicans join resolution against emergency declaration on fentanyl

(Newser) - The Senate passed a resolution Wednesday night that would thwart President Trump's ability to impose tariffs on Canada, delivering a rare rebuke just hours after the president unveiled sweeping plans to clamp down on international trade. The Senate resolution, passed on a 51-48 vote, would end Trump's emergency...

Trump Unleashes 'Liberation Day' Tariffs
Trump Unleashes
'Liberation Day' Tariffs
UPDATED
Apr 2, 2025 5:20 PM CDT

Trump Unleashes 'Liberation Day' Tariffs

'Reciprocal' tariffs are higher than many expected

(Newser) - "It's our declaration of economic independence," President Trump said at a "Liberation Day" event at the White House on Wednesday, declaring it to be one of the most important days in American history. The president unveiled a slew of new tariffs that were higher than many...

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,...

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