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tariffs

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Jul 31

Appeals court questions Trump’s authority to impose tariffs without Congress

By Paul Wiseman, Associated Press

Appellate court judges are expressing skepticism over President Donald Trump’s legal rationale for his broadest batch of tariffs.

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Jul 31

Trump announces 90-day negotiating period with Mexico as 25% tariff rates stay in place

By Josh Boak, Associated Press

Trump posted online Thursday his phone conversation with Claudia Sheinbaum was "very successful in that, more and more," they are "getting to know and understand each other."…

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Jul 31

Trump seeks to use Canada’s recognition of Palestinian state as leverage in trade talks

By Michelle L. Price, Associated Press

Trump's threat posted early Thursday on his social media network is the latest way he's sought to use his trade war to coerce countries on unrelated issues and a swing from the ambivalence he has expressed about other countries making…

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Jul 30

WATCH: Powell speaks after Fed keeps interest rates unchanged even as Trump demands cut

By Chris Rugaber, Associated Press

The Federal Reserve is leaving its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut.

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Jul 30

U.S. economy expanding 3% in second quarter, bounding back but growth masks economic uncertainty from Trump’s tariffs

By Paul Wiseman, Associated Press

The Commerce Department reported Wednesday that America gross domestic product — the nation's output of goods and services — rebounded after falling at a 0.5% clip from January through March. The first-quarter drop was mainly caused by a surge in…

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Jul 30

Trump announces 25% tariff on ‘our friend’ India for buying Russian oil, warns of other penalties

By Josh Boak, Associated Press

Trump said on Truth Social on Wednesday that India "is our friend" but its "Tariffs are far too high" on U.S. goods. The Republican president added India buys military equipment and oil from Russia, which Trump says has enabled Moscow's…

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Jul 29

Trump’s tariffs could squeeze U.S. factories and raise costs by up to 4.5%, a new analysis finds

By Josh Boak, Paul Wiseman, Associated Press

The analysis by the Washington Center for Equitable Growth warns of economic and political costs, especially in swing states with significant manufacturing sectors, like Michigan and Wisconsin.

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Jul 28

Watch 9:07
EU ambassador breaks down implications of U.S. trade deal: ‘We know where we are going’

By Amna Nawaz, Murrey Jacobson, Dan Sagalyn

The announcement of the U.S.-European trade deal marks an important moment in President Trump’s larger battles over tariffs and trade. But it’s generating mixed reactions in Europe and in the U.S. Amna Nawaz discussed more with Jovita Neliupšienė, the European…

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Jul 28

Trump is getting the world economy he wants — but the risk to growth could spoil his victory lap

By Josh Boak, Paul Wiseman, Associated Press

Trading partners from the European Union to Japan to Vietnam appear to be acceding to the president’s demands to accept higher costs — in the form of high tariffs — for the privilege of selling their wares to the United…

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Jul 28

Tariffs threaten Asian beauty product boom

By Mae Anderson, Associated Press

In the United States, Korean cosmetics, or K-beauty for short, have dominated the trend. But South Korea is facing a looming 25% tariff that could put a damper on that growth.

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