President Donald Trump on Friday signed an executive order eliminating tariffs on a wide range of commodities, including beef, coffee and several tropical fruits, including bananas, in an effort to ease consumer frustration over high prices. The move follows off-year elections earlier this month in which voters cited economic concerns as their top priority, contributing…
Washington — The Trump administration has reached frameworks for reciprocal trade agreements with Argentina, Guatemala, El Salvador and Ecuador, the White House announced Thursday, although details of the frameworks are still emerging. The tariff rate for most goods from Guatemala, El Salvador and Argentina will continue to be 10%, while Ecuador will remain at 15%,…
Around 150 million Americans could see $2,000 rebates under the Trump administration if the president’s proposed dividends are passed. Trump has suggested a $2,000 direct payment as a way to give back to Americans after the widespread tariffs he implemented on imports. “A dividend of at least $2000 a person (not including high income people!)…
The United States Supreme Court is likely to rule against the Trump administration on tariffs, according to betting markets. However, legal analysts are split on how the court will rule. Former federal prosecutor Neama Rahmani told Newsweek that he believes the court is inclined to be deferential to President Donald Trump on the matter, while…
Italian imports store owner on threat of new pasta tariffs: “We can only absorb so much” – CBS News Watch CBS News Some popular pasta brands from Italy may have to say “arrivederci” to U.S. store shelves as President Trump is threatening heavy tariffs on the imports. Meg Oliver has more. Source link
Americans may soon be paying more for their favorite Italian pasta brands — or even have trouble finding imported spaghetti — as the Trump administration eyes a new import duty on 13 of Italy’s largest pasta exporters. The proposal, published by the Commerce Department in September, would add a new 92% antidumping duty after a…
Late last month, Chinese President Xi Jinping and US President Donald Trump reached a trade truce in Busan, South Korea, on the sidelines of the Asia-Pacific Economic Cooperation (Apec) summit. Beyond the pre-existing tariffs imposed by the first Trump administration and reinforced by the Biden administration, the current Trump administration will now levy an additional…
President Donald Trump is proposing to send most Americans a payment of at least $2,000 a person from revenue raised by his tariff program, according to his social media posts over the weekend. The announcement came with few details about how the administration would distribute the money — or whether it would be legal, as…
President Donald Trump on Sunday said he wants to give most Americans a $2,000 payment funded from tariffs as he defended what’s become one of his administration’s signature policies. Mr. Trump touted his tariff policy as helping the U.S. raise new revenue, which he said has driven “record investment” in U.S. manufacturing. “A dividend of…
firms got a holiday gift from the Trump administration in the form of a one-year hold on any additional China tariffs on imports to the U.S. An executive order on the White House site disclosed further details on the modification of reciprocal tariff rates in the new trade arrangement between the U.S. and China. Much…