Taxing trade

The nine justices of the Supreme Court will hear arguments in this case on Wednesday, trying to determine whether Trump’s application of the 1977 tariff law was, in fact, legal.

President Donald Trump announced via Truth Social on Saturday that he would be increasing tariffs on Canada by 10% after Ontario’s provincial government broadcast an ad featuring former President Ronald Reagan speaking out against tariffs.

China didn’t import any U.S. soybeans in September, a decrease from 1.7 million metric tons the year prior. This was the first time since November 2018 that China didn’t import any U.S. soybeans. It was the same reason then as it is now — China imposed retaliatory tariffs on the United States. 

The U.S. blocked a deal that would have established internationally mandated emissions reduction targets in the shipping industry.

President Donald Trump said the U.S. would place an additional 100% tariff on China beginning on Nov. 1, as well as export controls on “any and all critical software.” The move comes after China enacted its own export controls on rare minerals essential to U.S. electronics development. Major indices slid following Trump’s announcement, with the NASDAQ falling 3.56%.

President Donald Trump has implemented new tariffs targeting a range of products, from prescription drugs to furniture. He said all the new tariffs will take effect on Wednesday, Oct. 1.

The U.S. Supreme Court has agreed to hear arguments on President Donald Trump’s global tariffs. The president appealed to the high court last week. The Supreme Court will now decide if the president has the power to impose tariffs under the International Emergency Economic Powers Act.

China’s exports to the U.S. fell 33% in August, dropping to their lowest level in 6 months as the Trump administration’s trade policies take hold. U.S. imports to China were also down 16% compared with last year, CNBC reports.

Price hikes are back in focus for American shoppers. From grocery aisles to hardware stores, companies are warning that the cost of everyday goods is climbing again, driven by tariffs, tighter supplies and higher production costs.

Low-priced goods from foreign countries became more expensive Friday as the so-called “de minimis” tariff exemption expired on packages valued at less than $800. Shipping companies, businesses and consumers could all wind up paying more for roughly 4 million items delivered daily to the United States.

Multiple international postal services are temporarily suspending shipping packages to the United States as the “de minimis” exemption is set to end on Friday, Aug. 29.

President Donald Trump signed an executive order Monday, giving China another reprieve from tariffs. The order extended the trade truce by another 90 days, pushing the deadline well into the fall. Trump signed the order just hours before the previous truce was set to expire.

President Donald Trump signed a late-night executive order on Thursday, July 31, unveiling his long-promised “reciprocal tariffs.” Due to the order, more than 70 countries have been officially hit with new import taxes, ranging from 10% to 41%.

The U.S. has already been applying a 10% tariff on imported goods since April 2, and the White House says that tariff will remain in place. However, the 10% will now only apply to countries that have a trade surplus with the U.S. The U.S. is now setting a minimum 15% tariff on imports from countries it has a trade deficit with — about 40 countries, according to CNN.

The U.S. and European Union have agreed to a trade deal, days before a deadline that would’ve seen the Trump administration’s tariffs revert to their April 2 rates. President Donald Trump announced the deal Sunday, July 27, following a meeting with European Commission President Ursula von der Leyen at his Turnberry golf course in Scotland.

President Donald Trump is finalizing a series of new trade agreements with key Pacific allies. The deals, reached with Japan, the Philippines and Indonesia, aim to lower new trade barriers, attract foreign investment and reshape long-standing economic relationships.

The United States will impose 30% tariffs on goods from the European Union and Mexico starting on Aug.1, President Donald Trump revealed Saturday, July 12, via social media. Both the EU and Mexico responded by expressing willingness to negotiate, but they won’t rule out taking countermeasures.

Canada and the United States brace for a new wave of trade tensions after President Donald Trump threatened a 35% tariff on all Canadian imports. The move, set to take effect Aug. 1, could revive longstanding disputes between the two allies and threatens to disrupt one of the world’s largest trading relationships.

President Donald Trump and Treasury Secretary Scott Bessent both said that letters will be sent to countries the week of Monday, July 7, ahead of the end of the administration’s 90-day tariff pause. Bessent, during an appearance on CNN’s “State of the Union” on Sunday, July 6, said the letters to the United States’ trade partners will say that ” if you don’t move things along, then on Aug. 1, you will boomerang back to your April 2 tariff level.”

President Donald Trump’s 50% tariffs on steel, aluminum and other metal imports are now in effect. Here’s how they’re expected to impact everything from vehicle prices to your grocery bill.

President Donald Trump’s “Liberation Day” tariffs can stay in effect, for now, after a federal appeals court temporarily paused a lower court’s decision that struck down most of the tariffs imposed.

U.S. President Donald Trump postponed sweeping 50% tariffs on all U.S. imports from the European Union until July 9 following a conversation with European Commission President Ursula von der Leyen.

The United States and China agree to slash some new tariffs for a 90-day pause. The agreement signals a significant step towards de-escalation in the U.S.-China trade war.

Indicating for the first time that he might pull back from a global trade war, President Donald Trump said tariffs on Chinese goods could be cut “substantially.” At the same time, Trump declared a national emergency on trade.

On the same day that “reciprocal” tariffs took effect on goods from most U.S. trading partners, President Trump announced on social media that he would suspend those levies for 90 days – for all countries except China. At the same time, he raised the tariffs on Chinese imports to 125%.

On what he called “Liberation Day,” President Trump levied what he says are “reciprocal” tariffs on imports from more than 180 nations, many of them higher than 40%. Stock indexes fell sharply, drawing rebukes from Federal Reserve Chair Jerome Powell and other economists. China quickly announced it would retaliate by imposing new tariffs on American goods.