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The U.S. Supreme Court heard arguments this week. The justices are reviewing the legality of President Trump’s wide-ranging tariffs. These import taxes affect many U.S. trading partners. The administration used an emergency law called IEEPA. It claims this law allows the president to “regulate importation.” However, many justices expressed deep skepticism of this argument. They…
In a major escalation of trade tensions, President Donald Trump has announced a 10% increase in tariffs specifically targeting imports from Canada. This move comes shortly after the President halted all trade talks with Canada earlier this week, reportedly in response to a Canadian advertisement that used former President Reagan’s words to criticize tariffs. A…
There is strong momentum toward easing trade tensions between the world’s two largest economies. According to USTR (US Trade Representative) Greer, trade negotiations with China are officially “moving toward agreement.” This positive statement signals that the two sides have worked through many of the toughest issues that previously stalled the negotiations. The areas of focus…
Beijing has warned it will take “resolute countermeasures” if U.S. President Donald Trump proceeds with his plan to impose a 100% tariff on Chinese imports, escalating tensions just weeks ahead of a potential Trump–Xi meeting in South Korea. China’s Ministry of Commerce called Washington’s tariff threats “unilateral and misguided,” urging the U.S. to “promptly correct…
U.S. President Donald Trump has announced plans to impose an additional 100% tariff on all imports from China starting next month, intensifying an already fragile trade relationship between the world’s two largest economies. In a series of social media posts, Trump also said his administration would place export controls on critical software, accusing Beijing of…
President Donald Trump has announced plans to impose a 100% tariff on films made outside the United States, calling foreign films a “national security threat” to America’s movie industry. This aimed-at proposal would effectively double the cost of importing foreign-produced movies into the U.S., placing heavy pressure on an industry that frequently relies on global…
The Trump administration has announced steep new tariffs on furniture and wood goods as part of a broader push to shield U.S. manufacturing. Under the plan, kitchen cabinets and vanities face a 25% tariff, while upholstered wood furniture will face 30% tariffs, set to take effect in the coming weeks. Reports indicate these levies may…
The U.S. government may get a temporary reprieve from fiscal disaster, thanks to a surprising boost in tariff revenue. With Congress still deadlocked over funding, the extra income could buy more time and potentially avert a partial shutdown. Customs officials report higher-than-expected collections from trade levies over the past weeks, possibly fueled by the recent…
President Donald Trump announced that starting November 1, 2025, all medium- and heavy-duty trucks imported into the U.S. will be subject to a 25% tariff. This marks a bold escalation of his protectionist trade agenda, intended to shield U.S. truck makers from foreign competition. His prior plan to impose the tariff in early October was…
Inside Chris Zephro’s warehouse, latex masks, “Saw” props, and zombie board games line the shelves, reflecting his lifelong passion for horror. But this Halloween season, the real fright isn’t gory props — it’s the financial bleeding caused by U.S. tariffs on Chinese imports. Zephro’s company, Trick or Treat Studios, supplies more than 10,000 retailers worldwide,…
