Tag Archives: tariffs

CNBC reports: Subaru of America is hiking prices on several models, the company said on Monday, the latest automaker to pass along cost increases to consumers as their expenses rise from the Trump administration’s tariffs. Subaru said in a statement that the increases were made in response to “current market conditions,” without citing tariffs or specific price actions. The Subaru …

CNN’s MANU RAJU: “Trump has taken a lot of controversial actions, some of which you may support. Some of which maybe you don’t support. You talk about speaking candidly to the American public. Which one of what he has done has caused you the most concern?” SEN. JOHN CURTIS: “If we’re not careful, we’ll destroy small businesses with tariffs. And …

CBS NEWS: “Over the weekend, as you know, the president posted that Walmart ‘should eat the tariffs and not charge the value customer anything. I’ll be watching and so will your customers.’ So does he acknowledge that if companies don’t absorb the full cost, Americans will have to pay?” KAROLINE LEAVITT: “Well, first of all, the CEO of Walmart made …

NBC News reports: It’s “eat the tariffs” vs. “everyday low prices.” Walmart has indicated that consumers will soon start seeing higher costs as Trump’s tariffs have begun to take effect. And retailers broadly have tried to warn consumers about impending price hikes. But the president has sought to aggressively counter those warnings, instead putting the blame for cost increases on …

“Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!” – Trump, after Walmart yesterday announced that …

Politico reports: President Donald Trump on Friday said the U.S. would begin unilaterally informing many of its trading partners of new tariff rates, rather than securing deals with the countries individually as the White House has repeatedly promised. After his sweeping April tariff plan sent markets spiraling and set in motion a global trade war, Trump reversed course and issued …

CNN reports: Walmart, the world’s largest retailer, warned that is not immune from President Donald Trump’s tariffs. It plans to raise prices on some items as Trump’s global trade war sends the company’s costs higher. “We will do our best to keep our prices as low as possible but given the magnitude of the tariffs, even at the reduced levels …

ABC News reports: A panel of judges on the Court of International Trade today heard arguments in a lawsuit challenging Trump’s sweeping tariffs, as the president’s trade war continues to disrupt the international economy and raise the specter of a recession. The lawsuit was filed last month by a group of small businesses, including a New York liquor distributor, Utah …

Bloomberg News reports: Because the process of bringing goods to the US starts months in advance of their appearance on store shelves, a whole host of disruptions has already been baked into the rest of 2025, even if the average person can’t see them yet. In particular, it could be slim pickings for many seasonal goods commonly imported from China—prom …

The Washington Post reports: Inflation ticked up in April after an unexpected slowdown the month before, but the annual rate pace of inflation eased slightly to 2.3 percent compared to March, in a first test of Trump’s tariff policies. The Labor Department’s consumer price index, a key gauge of inflation, rose 0.2 percent last month, reversing a slight decline in …

Reuters reports: While their joint statement in Geneva didn’t mention the de minimis duties, the White House order released later said the levies will be reduced to 54% from 120% for items valued at up to $800 sent from China via postal services, with a flat fee of $100 to remain, starting from May 14. Carriers can pay either the …

The New York Times reports: The United States and China said Monday they reached an agreement to temporarily reduce the punishing tariffs they have imposed on each other while they try to defuse the trade war threatening the world’s two largest economies. In a joint statement, the countries said they would suspend their respective tariffs for 90 days and continue …

Newsweek reports: President Donald Trump has threatened to place a 100 percent tariff on Barbie maker Mattel, after the company’s CEO said it would continue to manufacture outside the U.S. but would be reducing its reliance on Chinese imports. “I’ve heard [Mattel] said: ‘Well we’re going to go counter, we’re going to try going someplace else,'” Trump said in the …

Via press release: Today, Congressman Jamie Raskin (MD-08) introduced legislation to show Americans exactly how much of a dent the ‘Trump Tariffs’ are putting in their wallets. The Truth in Tariffs Act requires large retailers to clearly display the portion of an item’s price attributable to tariffs. At a time of increasing economic chaos generated solely by President Trump, this …

The Huffington Post reports: Vice President JD Vance on Thursday defended President Donald Trump’s statement that children will just have to deal with having fewer dolls as a result of his tariffs by offering parents a wild counterpoint: Those kids could go to war. “What I’d ask people is not whether they want two dolls or five dolls or 20 …

The New York Times reports: President Trump announced a trade agreement with Britain on Thursday that he said would be the first of many to remake the global trading system — even as he said its details would be finalized in the coming weeks. Mr. Trump, speaking from the Oval Office with Prime Minister Keir Starmer of Britain on speakerphone, …

Politico Europe reports: The European Union upped the pressure Thursday in its trade dispute with U.S. President Donald Trump by proposing potential tariffs on nearly €100 billion of imports — including big-ticket items like aircraft. The lists include includes passenger cars, medical devices, chemicals and plastics, and a slew of agricultural products. Also back on the list are bourbon and …

The New York Times reports: A year ago, the world’s biggest automaker was on a tear. American consumers were snapping up Toyota Motor’s hybrids, and a weak yen inflated the value of the company’s earnings. That May, Toyota reported the highest annual profit ever recorded by a Japanese firm. On Thursday, Toyota presented a significantly more somber outlook, projecting that …

The New York Times reports: President Trump is expected to announce on Thursday that the United States will strike a trade agreement with Britain, according to people familiar with the plans. Mr. Trump teased a new trade agreement in a social media post on Wednesday night, though he did not specify which nation was part of the deal. On Thursday, …

Axios reports: The Federal Reserve kept interest rates steady for the third consecutive meeting on Wednesday, as it cautioned about the economic fallout from tariffs. The Fed warned about the potential of higher prices and a spike in joblessness, as President Trump presses on with aggressive efforts to reset global trade. The Fed’s rate-setting committee voted unanimously to keep the …