After President Trump’s reciprocal tariff plan pivoted from a large scale implementation on practically every country in the world this week to a targeted further increase on imports from China, the China Film Administration has said it will curtail the amount of U.S. film imports that are shown in Chinese theaters. In a statement given […]
Trump Says Big Tariffs Will Be Paused for 90 Days (Except China) in Wild Reversal
President Donald Trump announced so-called “reciprocal” tariffs will be paused for 90 days while leaving the 10% tariffs across the board in place, sending the markets rebounding significantly Wednesday afternoon. Trump made the announcement on his social media platform Truth Social, where he said China will get an even higher tariff than the 104% that […]
China Is Reportedly Considering a Ban on America’s Greatest Export: Middling Hollywood Blockbusters
As Donald Trump’s unprovoked trade war against the world continues, countries are starting to look to respond in ways that will erode more than just America’s bottom line. According to the Hollywood Reporter, China is looking into banning American-made films and TV shows from its market, cutting into the United States’ cultural influence. The reporting […]
Fake Maple Syrup Could Flood the U.S. Thanks to Tariffs
Maple syrup, often called Canada’s “liquid gold,” has long been a target for fraudulent activities, such as the dilution or substitution with other syrups, due to its high demand. Amid threats from the United States of increased tariffs and the imposition of a baseline tariff of 10% on all imports that aren’t compliant with the Canada-United […]
Trump Threatens 104% Tariffs on China as the Mad King Plays Chicken With the Global Economy
President Donald Trump threatened to impose an additional 50% tariff on goods imported from China in a post on his social media platform Truth Social on Monday. The total tariff on China would rise to 104% if the country doesn’t back off and drop the 34% retaliatory tariff it announced in response to Trump’s own […]
Trump’s Tariffs Are Here to Jack Up the Price of Your Switch 2 (and Everything Else)
Donald Trump made good on his promise Wednesday to impose sweeping tariffs on all goods entering the U.S. in a move that’s almost universally expected to raise prices for American consumers. Announced by the president in the Rose Garden of the White House, the tariffs will include 10% across the board, with additional tariffs of […]
How Trump’s Trade War Will Make Your Groceries Even More Expensive
Life these days is expensive. The lingering effects of the pandemic, Russia’s invasion of Ukraine, higher fuel and energy prices, and extreme weather shocks throttling the supply chain have conspired to make many everyday necessities much less affordable. Rising food costs in particular have become a source of financial stress for millions of U.S. households. […]
Trump Backtracks on Tariffs, Exempts Automakers for Another Month
It seemed inevitable from the moment Donald Trump announced his sweeping 25% tariffs on all imports from Mexico and Canada that the carveouts would come. One day into the attempt to inflict pain on seemingly everyone, including his own populus, Trump has issued his first exception: Automakers have managed to lobby for an additional month […]
Trump’s Tariffs (Starting Tomorrow) Could Raise Car Prices by as Much as $12,000
As many now understand, President Trump’s tariff plan serves as little more than a tax on consumers, even though the president’s aim is to punish Canada and Mexico, apparently over immigration and drug trafficking. With 25% tariffs on imports from the countries set to go into effect on Tuesday, new research shines light on just […]
Ford CEO Isn’t Exactly Thrilled by Trump’s Tariff Strategy
One significant difference between Donald Trump’s first term and his second is the sheer amount of acquiescence and knee-bending corporate America appears willing to do in response to his norm-breaking behavior. But at least one major American executive is starting to crack under the pressure of the Trump tariff regimen: Ford CEO Jim Farley is […]