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 […]