By a 6-3 vote, the US Supreme Court ruled that Trump cannot use the 1977 International Emergency Economic Powers Act (IEEPA) to impose import taxes on nearly every country in the world, the BBC reports. Now, businesses and consumers...
Americans pay almost entirely for US tariffs themselves, according to a new study by Germany's Kiel Institute for the World Economy, Business Insider reports. Trade tariffs—President Donald Trump's favorite tool—end up placing a heavy burden on Americans themselves...
Starting February 1, 2026, Trump plans to impose 10 percent tariffs on all goods imported from Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden, and the United Kingdom, CNN reports. NBC News speculates that Trump is upset about losing the Nobel Peace Prize.
According to a December poll by the Associated Press and the NORC Center for Public Affairs Research, the vast majority of adults in the US have noticed that groceries, electricity, and holiday gifts have become more expensive in recent months. Every year, around the holidays, the Ah Louis Store in…
Trump is promoting an idea that could appeal to millions of budget-strapped families: using tariff revenue to reduce or even eliminate the federal personal income tax. But experts doubt import tariffs can fully replace the income tax, writes…
On October 23, US President Donald Trump abruptly broke off trade talks with Canada, according to the Associated Press. He was furious over a 60-second commercial paid for by the Ontario provincial government, Politico reports. On October 27, Trump announced that he would not meet with…
On August 29, a federal appeals court ruled that Trump illegally relied on the International Emergency Economic Powers Act (IEEPA) to impose tariffs on goods from certain countries. If Trump ultimately loses the tariff case, America may have to give back more…
Target and Walmart employees say they are being asked to rip price tags off clothes in anticipation of price increases linked to new tariffs. They have been sharing videos on social media of clothes on racks with no price tags, the Daily Mail reports. Some employees say…
At least 25 countries have decided to suspend package deliveries to the United States amid concerns about President Donald Trump's upcoming tariffs, CTV News reports. The White House administration said late last month it would lift the tax on…
The president continues to try to distance himself from the American economy, which has been destabilized by tariffs and trade wars he initiated, MSNBC reports. On August 1, the Bureau of Labor Statistics released an alarming monthly employment report, showing that the U.S. labor market is much more vulnerable than many expected.…