• Trump is ending this tariff loophole for low-cost packages. Here's what that could mean for consumers

    Trump is ending this tariff loophole for low-cost packages. Here's what that could mean for consumers

    Apr 23, 2025 04:18 PM EST

    ... hurt union workers and local retailers, and expose American consumers to great risk by flooding the market with fake and sometimes dangerous imported goods, including fentanyl and precursor chemicals from China.” The Biden-Harris administration proposed new rules for the de minimis exemption in 2024, citing some of these concerns ...

  • California will sue to stop Trump from imposing sweeping tariffs

    California will sue to stop Trump from imposing sweeping tariffs

    Apr 16, 2025 03:27 PM EST

    ... issues Trump has offered many justifications for increasing tariffs, including that they are designed to spur U.S. manufacturing and stop the flow of illicit fentanyl into the country. California's move follows rapidly changing tariff plans by the Trump administration. Newsom says the tariffs in effect have resulted in ...

  • What we know now that Trump has paused tariffs on electronics

    What we know now that Trump has paused tariffs on electronics

    Apr 14, 2025 07:50 PM EST

    ... that there was no "exception" at all, adding to confusion. Trump instead argued that these goods are "just moving to a different" bucket. He also said that China will still face a 20 percent levy on electronics imports as part of his administration's prior move related to fentanyl trafficking.

  • China responds to new Trump tariffs, will raise rate on American goods to 125 percent

    China responds to new Trump tariffs, will raise rate on American goods to 125 percent

    Apr 11, 2025 02:32 PM EST

    ... Trump announced on Wednesday that China would face 125% tariffs, but he did not include a 20% tariff on China tied to its role in fentanyl production. White House officials hope the import taxes will create more manufacturing jobs by bringing production back to the United States — a politically risky ...

  • Before Trump ramped up tariff threats, inflation was cooling

    Before Trump ramped up tariff threats, inflation was cooling

    Apr 10, 2025 08:42 PM EST

    ... a 125 percent tariff would remain on all imports from China, later clarifying that the tariff is 145 percent when a 20 percent hike for fentanyl tariffs are included. And 25 percent duties on steel, aluminum, imported cars, and many goods from China and Mexico also remain in place. The ...

  • China reaches out to other nations as Trump layers on tariffs

    China reaches out to other nations as Trump layers on tariffs

    Apr 10, 2025 05:47 PM EST

    ... to 145%. It was initially announced on Wednesday as 125%, but that did not include a 20% tariff on China tied to its role in fentanyl production. China has retaliated with tariffs on U.S. goods of 84%, which took effect Thursday. Trump's move was seemingly an attempt to ...

  • Trump backs down on most tariffs for 90 days but raises rate on Chinese imports to 125%

    Trump backs down on most tariffs for 90 days but raises rate on Chinese imports to 125%

    Apr 09, 2025 05:35 PM EST

    ... now be tariffed at 10 percent, even though those two countries had been tariffed by as much as 25 percent by Trump ostensibly to address fentanyl smuggling and illegal immigration. WATCH: Analyst breaks down China’s response to Trump’s trade war Prior to the reversal, business executives were warning ...

  • Trump threatens more tariffs on China after Beijing said it would retaliate

    Trump threatens more tariffs on China after Beijing said it would retaliate

    Apr 07, 2025 05:35 PM EST

    ... on Chinese goods would reach a combined 104 percent. The new taxes would be on top of the 20 percent tariffs announced as punishment for fentanyl trafficking and his separate 34 percent tariffs announced last week. Not only could that increase prices for American consumers, it could also give China ...

  • How the White House calculated Trump's sweeping new tariffs

    How the White House calculated Trump's sweeping new tariffs

    Apr 03, 2025 08:04 PM EST

    ... Mexico are excluded because they already are facing 25 percent taxes on most imported goods that Trump announced last month, in an attempt to force both to crack down on fentanyl smuggling into the U.S. WATCH: Senate passes resolution to undo Trump's Canada tariffs in rare Republican rebuke

  • A timeline of Trump's tariff actions so far

    A timeline of Trump's tariff actions so far

    Apr 03, 2025 06:41 PM EST

    The White House clarifies that Trump’s previously-announced 125% figure for tariffs against China is actually 145%, once his previous 20% fentanyl tariffs are accounted for. Separately, the EU puts its steel and aluminum tariff retaliation on hold for 90 days, to match Trump's pause on steeper “reciprocal ...