tariffs

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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&#39;s Leader Cites &#39;Trump Recession&#39;
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...

In Turnaround, Trump Takes a Hard Line on Russia

After he suspended military aid to Ukraine, he's concerned it's getting a 'pounding,' threatens tariffs

(Newser) - Ukrainian President Volodymyr Zelensky is surely flummoxed by President Trump's sudden threat Friday to layer more sanctions and tariffs on Russia. After claiming it was Ukraine's fault for Russia's invasion , suspending US military aid to Ukraine , and pausing intelligence sharing with the country, Trump wrote Friday on...

Canadian Senator Wants to Throw Down With Trump Jr.

Patrick Brazeau not happy with tariffs, challenges president's son to charity boxing match

(Newser) - Will Donald Trump Jr. throw down? A Canadian senator wants to find out, challenging the US president's son to duke it out in a charity boxing match. Or as the CBC puts it, "Sen. Patrick Brazeau wants to punch Donald Trump in the face." The non-affiliated senator...

Trump Suspends Tariffs on Mexico for a Month
Trump Suspends
Tariffs on Mexico, Canada
UPDATED
Mar 6, 2025 2:46 PM CST

Trump Suspends Tariffs on Mexico, Canada

Officials say 1-month delay covers items in compliance with USMCA trade pact

(Newser) - As his commerce secretary hinted , President Trump has suspended tariffs on many imports from Mexico and Canada for a month, reports the Wall Street Journal .
  • Mexico: "I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement," Trump wrote
...

Lutnick Expects Delay on Mexico, Canada Tariffs

He suggests they could be dropped if countries do 'a good enough job on fentanyl'

(Newser) - Commerce Secretary Howard Lutnick says President Trump will "likely" delay tariffs on almost all imports from Canada and Mexico for a month—and that the 25% tariffs introduced Tuesday might be completely dropped. As stocks dropped sharply Thursday morning, Lutnick told CNBC that only reciprocal tariffs might be imposed...

Trump Says He Told Trudeau: 'That's Not Good Enough'

President claims Canadian leader is using tariff fight to stay in power

(Newser) - President Trump says he had a call with Canadian Prime Minister Justin Trudeau on Wednesday that ended in a "somewhat" friendly manner—but it apparently wasn't enough to change Trump's mind about tariffs. "I told him that many people have died from Fentanyl that came through...

Trump Delays Canada, Mexico Car Tariffs for a Month

But he's told automakers to start shifting production to the US, White House says

(Newser) - President Trump has delayed tariffs on cars from Canada and Mexico for a month after speaking to auto industry execs. White House press secretary Karoline Leavitt said Wednesday that Trump has granted a temporary exemption to cars covered by the US-Mexico-Canada Agreement negotiated during Trump's first term, CNN reports....

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