Dec 08 WATCH: Trump proposes $12 billion farm aid package as farmers grapple with tariff pains By Seung Min Kim, Josh Funk, Didi Tang, Associated Press President Donald Trump announced a $12 billion farm aid package on Monday — a boost to farmers who have struggled to sell their crops while getting hit by rising costs after the president raised tariffs on China as part of… Continue reading
Dec 04 Trump has said tariff revenue may allow Americans to stop paying income taxes. The math doesn't add up By Louis Jacobson, PolitiFact The federal income tax brought in about $2.4 trillion in 2024, which is more than 14 times what Trump’s second-term tariffs are generating. Continue reading
Dec 03 Costco becomes biggest company demanding refunds on Trump tariffs By Paul Wiseman, Associated Press Costco is joining other companies that aren’t waiting to see whether the Supreme Court strikes down President Donald Trump’s most sweeping import taxes. Continue reading
Dec 03 What's next for U.S. retailers after the Thanksgiving shopping weekend By Anne D'Innocenzio, Associated Press The nation’s shoppers may feel gloomy about the economy, but they certainly were in the mood to shop over the five-day Thanksgiving weekend that wrapped up on Cyber Monday. Continue reading
Dec 02 WATCH: Trump claims tariff revenue will cover tax refunds and eventually eliminate income tax By Associated Press It’s not clear how that would work or if Trump could afford to do so without worsening the national debt, which he claims his tariffs will also cut. Continue reading
Nov 28 U.S. retailers are about to see if shoppers are willing to spend on Black Friday By Anne D'Innocenzio The annual sales event still brings more shoppers into stores than any day of the year and still rules as the U.S. retail industry's unofficial start of the holiday shopping season. Continue reading
Nov 26 Watch 4:09 The factors influencing turkey prices this Thanksgiving By Tim McPhillips Inflation, tariffs and bird flu are all playing a role in how much you'll be paying for your holiday meal this year. PBS News digital video producer Tim McPhillips spoke with a food economist to break down the costs. Continue watching
Nov 26 Sellers in other countries struggle to maintain U.S. customers as holiday shopping season starts By Mae Anderson, Associated Press Small businesses are struggling to adapt since the U.S. ended the "de minimis" exemption on Aug. 29, which allowed imports under $800 to be tariff-free. Continue reading
Nov 19 U.S. trade deficit dropped nearly 24% in August as Trump's tariffs reduce imports By Paul Wiseman, Associated Press In a report delayed for more than seven weeks by the federal government shutdown, the Commerce Department said Wednesday that the the gap between what the United States buys from other countries and what it sells them fell to $59.6 billion in… Continue reading
Nov 16 Samsung pledges to make more investments in South Korea after U.S. tariff deal By Kim Tong-Hyung, Associated Press Samsung Electronics and other major South Korean companies on Sunday announced fresh domestic investment plans at a meeting with President Lee Jae Myung, who hopes the moves will counter concerns that the firms would prioritize U.S. investments under a trade deal. Continue reading