Latest in Dumb Tariffs
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Trump’s tariffs take effect: What prices are set to increase?
President Donald Trump’s sweeping tariffs on imports from Canada, Mexico and China took effect at midnight. Reporting for TODAY, NBC’s Christine Romans says it’s only a matter of time until ...NBC News - 2d -
What to know as tariffs go into effect on Mexico, Canada, China
The stock market tumbled Monday after President Donald Trump said tariffs would go into effect for Mexico, Canada and China as planned on Tuesday.ABC News - 2d -
Target Reports Solid Holiday Quarter But Warns of Tariff Uncertainty Ahead
The retailer ended 2024 with a good holiday season, but warned of uncertainty ahead.The New York Times - 2d -
Eye Opener: Global markets react to new U.S. tariffs
Global markets react to new U.S. tariffs on imports from Mexico, Canada and China as President Trump gets ready to speak to Congress. Also, the Trump administration temporarily suspends all ...CBS News - 2d -
Here's what could get more expensive under Trump's tariffs
President Donald Trump has imposed sweeping tariffs on America's largest trading partners, raising the prospect that a host of everyday goods could become more expensive for U.S. consumers.NBC News - 2d -
China retaliates against US tariffs - but it also wants to talk
China's latest retaliatory measures against the latest US tariffs are an opening swing, not a direct punch.BBC News - 2d -
Trade tensions heat up as China and Canada retaliate against U.S. tariffs
China and Canada on Tuesday retaliated against newly imposed U.S. tariffs, announcing their own levies on U.S. goods that could further disrupt U.S. trade with its top three trading partners.NBC News - 2d -
Wall Street Journal knocks Trump over ‘dumbest tariff plunge’
The Wall Street Journal’s editorial board slammed President Trump on Monday, calling his plan to place tariffs on other countries the “dumbest tariff plunge.” The board, in an editorial published ...The Hill - 2d -
Mexico will respond with retaliatory tariffs after Trump action, Sheinbaum says
Mexican President Claudia Sheinbaum said she will announce retaliatory tariffs on Sunday in response to President Trump implementing 25 percent tariffs on goods from Mexico. She announced at her ...The Hill - 2d -
Stock markets fall after US tariffs spark trade war fears
Stock markets in the US, Asia and the UK dip after Trump tariffs kicked in and spark retaliation.BBC News - 2d -
Trump tariffs part of ‘drug war,’ not ‘trade war’: Commerce secretary
Commerce Secretary Howard Lutnick said President Trump’s tariffs on other countries are part of a “drug war,” not a “trade war.” Lutnick joined CNBC on Tuesday, just hours after Trump’s 25 percent ...The Hill - 2d -
Full details on Trump tariffs against Mexico, Canada and China
New U.S. tariffs against Mexico and Canada, threatened by President Trump since his return to the White House, went into effect at 12:01 a.m. Tuesday. Existing levies against China were also ...CBS News - 2d -
Trade war escalates as U.S., Canada and China impose new tariffs
President Trump's 25% tariffs on Canadian and Mexican goods took effect overnight, prompting Canada to retaliate with its own tariffs. Meanwhile, Trump doubled tariffs on Chinese imports to 20%, ...CBS News - 2d -
How new tariffs could impact prices and your wallet
As new tariffs take effect, Americans are watching for potential price increases on everyday goods. CBS News business analyst Jill Schlesinger explains how the tariffs are connected and what they ...CBS News - 2d -
‘Enormous’ hit for automotive sector from tariffs, part maker Forvia predicts
Supplier to key brands projects range of up to €450mn annually in costs from levies on Mexico and CanadaFinancial Times - 2d -
Justin Trudeau delivers remarks as U.S. tariffs take effect
Watch live coverage as Canadian Prime Minister Justin Trudeau delivers remarks on the U.S. tariffs and how Canada will respond to President Trump's policy.NBC News - 2d -
The Stock Market Is Suddenly Treating Trump’s Tariffs Like a Real Threat
The S&P 500 just had its worst day of 2025.Inc. - 2d -
CNBC’s Jim Cramer rips Trump administration for ‘vast confusion’ over tariffs
CNBC’s Jim Cramer criticized the Trump administration for what he said is “vast confusion” about the tariff plan that went into effect Tuesday. “There’s just vast confusion,” Cramer exclaimed on ...The Hill - 2d -
Here’s how Canada, China and Mexico are striking back against Trump tariffs
In a sharp rebuke to President Donald Trump’s latest round of tariffs, Canada and Mexico have swiftly rolled out retaliatory measures, as the effects of a nascent trade war are felt across North ...MarketWatch - 2d -
How Target shoppers could be hurt by Trump’s tariffs in the ‘next couple of days’
Target’s already buying less from China, but tariffs haven’t had the impact that President Donald Trump wanted.MarketWatch - 2d -
Trump's tariffs draw vows of retaliation from Canada, China and Mexico
As Canada and Mexico make plans for reciprocal tariffs on U.S. goods, Canadian Prime Minister Justin Trudeau calls President Trump's move "a very dumb thing to do."CBS News - 2d -
Bank stocks are down big on Trump tariffs. It’s time to get into one of them
Shares of American banks sank as President Donald Trump's tariffs went into effect on key trade partners.CNBC - 2d -
Reeves warns trade war will harm UK’s economy even if it avoids tariffs
Chancellor says growth and inflation will be hit by fallout from global frictionFinancial Times - 2d -
These products could see price hikes under Trump's new tariffs
Consumers are likely to face higher costs for some imported goods, experts say. Here's the potential impact on your wallet.CBS News - 2d -
Wall Street's rout deepens as Trump's new tariffs go into effect
Stocks tumbled for a second consecutive trading day as President Trump's new tariffs go into effect on the U.S.'s biggest trading partners.CBS News - 2d -
Will Trump’s tariffs push the U.S. economy into recession? Many economists think so.
Tariffs will affect corporate hiring and put U.S. manufacturers operating globally in a difficult situation, economists say.MarketWatch - 2d -
How will Trump justify the stocks plunge reacting to his tariffs?
President Trump is set to address both chambers of Congress as his tariffs spook investors and drive down stocks. CBS MoneyWatch correspondent Kelly O'Grady reports.CBS News - 2d -
How will Trump address rising prices as new tariffs take form?
President Trump's tariffs on goods from Canada, Mexico and China are bound to increase prices for Americans. CBS News' Weijia Jiang reports as Mr. Trump prepares to address both chambers of Congress.CBS News - 2d -
Target and Best Buy warn of price hikes from Trump's tariffs
Wall Street investors, retail executives and economic analysts are sounding growing alarms that the new administration’s trade policies could pinch shoppers and the economy.NBC News - 2d -
Beijing retaliates after Trump imposes tariffs on top US trade partners
Canada also responds as president rules out last-minute negotiations over leviesFinancial Times - 2d -
Trump's tariffs showcase his extraordinary presidential power — and its limitations
President Donald Trump's 25% tariffs on imports from Canada and Mexico took effect Tuesday. But actually collecting them is proving complicated.CNBC - 2d -
New Tariffs May Lead Publishers To Abandon Physical Games, Says Analyst
When Donald Trump was running for reelection in 2024, he constantly spoke about his desire to add tariffs--or import taxes--on America's trading partners and rivals. Now, President Trump has gone ...GameSpot - 2d -
Target’s Sales Forecast Is Down Thanks to Tariffs and a Customer Spending Slump
CEO Brian Cornell says that tariffs on imports from Mexico, Canada, and China could increase prices “over the next couple of days.”Inc. - 2d -
China Retaliates Against Trump, Imposing Tariffs and Blacklisting U.S. Companies
Beijing imposed broad tariffs on imports of American food and said 15 U.S. companies could no longer buy from China without special permission.The New York Times - 2d -
Trump’s New Tariffs Could Strain Collection of Customs Fees
Importers will have to make changes to pay new tariffs on goods from Canada, Mexico and China, and government agencies will need more resources to enforce the fees.The New York Times - 2d -
How Trump's new tariffs will affect Americans: 5 things to know
President Trump kicked off a trade war Tuesday, levying major tariffs on the top three U.S. trading partners — Canada, Mexico and China. He imposed 25 percent import taxes on Canada and Mexico, and ...The Hill - 2d -
Stagflation fears rise as Trump tariffs take effect, economy slows
Among consumers, long-run inflation expectations are at their highest level in almost 30 years while general sentiment is seeing multi-year lows.NBC News - 2d -
Why the Fed’s inflation fight could be a victim of Trump’s tariffs and tax cuts
Trump is moving fast and breaking things. That’s creating more chaos than progress.MarketWatch - 2d -
How Trump's tariffs could affect your retirement funds
President Trump's tariffs on Mexico, Canada and China are impacting the stock market and could make a dent in American retirement funds. Eric Diton, the president and managing director of The ...CBS News - 2d -
US consumers warned to brace for higher prices due to Trump’s tariffs
Prices ‘highly likely’ to rise almost immediately, retailers say, after 25% duty hits exports from Mexico and Canada. Trump’s Congress speech – latest updates Americans have been warned to ...The Guardian - 2d