Trump, Tariffs
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T rump’s so-called reciprocal tariffs are scheduled to go into effect on August 1 after a 90-day delay—just as American families begin back-to-school shopping—and could hike up the cost of consumer goods imported from other countries.
With the Trump administration setting 15% as a floor for tariffs, companies and economists are warning of higher prices later this year.
President Donald Trump’s tariffs cost German auto giant Volkswagen about $1.5 billion over the first half of 2025, the company said on Friday. Sales in North America plunged 16% due primarily to U.S. tariffs, said Volkswagen, which owns a host of brands including Audi, Lamborghini and Porsche.
WASHINGTON, July 25 (Reuters) - U.S. President Donald Trump is unlikely to follow through on his threat to place 100% tariffs on countries that buy Russian oil because it would worsen politically-damaging inflation pressures and his similar threat against buyers of Venezuelan oil has had limited success, especially in China.
Detroit Axle said Trump's new tariff policy is forcing it to shut a facility and cut jobs. Experts look for more companies to do the same.
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The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up.
2don MSN
Teamsters’ boss O’Brien lauds Trump tariffs, says attention should be on ‘massive' CEO compensation
Teamsters boss Sean O'Brien advocates for middle class during Senate hearing, criticizes trade deals and supports English requirements for truck drivers
US President Donald Trump said trade talks with Canada are not a focus for his administration right now, and instead of negotiating a deal he may decide to just leave existing import taxes in place.