Latest in Tariffs Raising Inflation
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Treasury secretary looks to soothe Republican lawmakers on tariff drama
Treasury Secretary Scott Bessent will huddle with House Republicans multiple times this week as the administration looks to soothe GOP concerns about the sweeping tariffs that President Trump ...The Hill - 16h -
Trump Tariffs May Make It Too Expensive to ‘Drill, Baby, Drill’
President Trump’s tariff polices have sent oil prices falling, which may push energy companies to reconsider their plans to drill.The New York Times - 14h -
Trump tariffs could have "devastating impact," small businesses say
Small business owner Emily Ley says new U.S. tariffs on China will devastate her stationery store, calling the added costs "catastrophic."CBS News - 14h -
Trump’s Tariffs Are Already Reducing Car Imports and Idling Factories
A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.The New York Times - 14h -
Trump says he will announce tariffs on pharmaceuticals 'very shortly'
During the National Republican Congressional Committee dinner in Washington, D.C., President Trump said that his administration would "very shortly" announce tariffs on pharmaceuticals.NBC News - 6h -
Trump's sweeping global tariffs snap into effect, ushering in a new era of disruption
President Donald Trump’s unprecedented tariffs on global imports into the United States take effect Wednesday, reshuffling a global economic order that has largely stood for generations.NBC News - 5h -
Luxury Fashion Brands Are ‘Biting Their Nails’ Over EU Tariffs
As tariffs on the European Union take effect, luxury goods makers are “biting their nails” over their treasured “Made in France” or “Made in Italy” products.The New York Times - 5h -
Trump’s Tariffs Will Pummel Asia. But One Country Sees Opportunity.
Factory-led economies are panicking about the steep new tariffs. Not the Philippines, which believes its role as a manufacturing alternative to China can expand.The New York Times - 3h -
Bessent: 'More than 50 countries' approached administration to lower tariffs, trade barriers and halt 'currency manipulation'
Treasury Secretary Scott Bessent claimed Sunday that “more than 50 countries” have approached the Trump administration to bring down “non-tariff trade barriers,” reduce tariffs, and halt “currency ...The Hill - 2d -
Donald Trump says he is not looking at pausing tariffs as US markets close after rocky day – business live
US president, when asked about considering a pause in global tariffs, says ‘We’re not looking at that’. Trump threatens additional 50% tariffs on China over retaliatory levies Volatility grips ...The Guardian - 1d -
Trump’s tariffs are ‘teeing up a nationwide recession’, says Chuck Schumer – US politics live
House democratic leaders also condemn tariffs as group backed by Trump allies mount legal challenge to stop tariffs. EU ministers are in Luxembourg to consider the European Union ’s response to ...The Guardian - 1d -
UK and EU stock markets slump as Trump’s tariffs, including 104% on China, take effect – business live
Stock markets down from Australia to Japan and Taiwan as Trump presses ahead with huge retaliatory tariffs on China. Full report: Trump unleashes new wave of tariffs Dispatch: The view from ...The Guardian - 11m -
China says 'market has spoken' after Trump tariffs spark global stocks rout
China's Foreign Ministry on Saturday said "the market has spoken" following the U.S. imposition of sweeping new tariffs.CNBC - 3d -
Apple's highest-end iPhone could see $350 price hike in U.S. on Trump tariffs, analyst predicts
UBS sees iPhone prices going up, a concern that is shared by investors and customers due to President Trump's tariffs.CNBC - 1d -
Elon Musk's brother slams Trump tariffs, calls them 'permanent tax on the American consumer'
Kimbal Musk, the brother of the world's wealthiest person, took to X on Monday to criticize President Donald Trump's tariffs.CNBC - 1d -
Vietnam has been a big beneficiary of global trade — Trump's new tariffs threaten to derail that
Trump's aggressive tariffs are threatening to derail Vietnam's ambitious growth target as diplomatic overtures to Washington are unlikely to shift policy.CNBC - 20h -
Wall Street Bursts With Anger as Trump Tariffs Cause Wild Stock Market Swings
Billionaire investors are in an unfamiliar position, watching and cringing as tariffs roll on and the stock market reels.The New York Times - 19h -
Tariffs Will Make Electronics More Expensive. If You Need a New Gadget, ‘Buy It Now’
A 104 percent tariff on imports from China will likely see rising prices on smartphones and laptops in the coming months.Wired - 15h -
Stock market plunges for second straight day after Trump's tariff announcement
NBC News' Christine Romans reports after the stock market closed after another plunge following President Trump's tariff announcement, marking the two worst trading days since March of 2020.NBC News - 4d -
After Trump’s Tariffs, Stocks Plunged but Penguin Memes Ticked Up
The internet poked fun at the Trump administration’s decision to impose new tariffs on Heard Island and McDonald Islands, Australian territories near Antarctica where many penguins but no people live.The New York Times - 3d -
Trump: Trade deficit with China must be resolved before deal on tariffs
President Trump said the trade deficit between the U.S. and China must be resolved before he is willing to negotiate a deal regarding the tariffs he placed on Beijing. “When you look at the trade ...The Hill - 1d -
Trump calls his tariffs a ‘beautiful thing to behold’ amid stock selloffs
Facing mounting pressure over the economy, President Donald Trump is not backing down, calling his global tariffs a “beautiful thing to behold” and arguing he’s fulfilling a campaign promise to ...NBC News - 1d -
Why some business leaders are ‘afraid’ to speak out against tariffs
CNBC’s Andrew Ross Sorkin joins TODAY to discuss the economic uncertainty around President Donald Trump’s global tariffs and why some business leaders are “afraid” to speak out right now over fears ...NBC News - 1d -
Oil Prices Tumble Further as Trump’s Tariffs Weigh on Economic Outlook
Crude oil now costs 15 percent less than it did before the president revealed his plans to impose stiff new tariffs on imports from most countries.The New York Times - 1d -
A charming Nintendo Switch 2 enters the Trump tariff crosshairs
The Nintendo Switch 2 delivers a bigger screen, more processing power and, as a test drive proves, signature Nintendo charms. But how will Trump tariffs affect one of 2025's biggest consumer ...Los Angeles Times - 1d -
EU 'ready to negotiate' on Trump tariffs, von der Leyen says
The European Union is “ready to negotiate” with the United States after President Trump issued sweeping tariffs last week, European Commission President Ursula von der Leyen said at a press ...The Hill - 1d -
2 Senate Republicans urge Trump to take EU tariff deal
A pair of Senate Republicans on Monday urged President Trump to accept the European Union’s offer of “zero-for-zero tariffs” on cars and industrial goods amid the administration's growing trade ...The Hill - 1d -
Volatility grips global stock markets as Trump insists on tariff ‘medicine’
Wall Street swings in and out of red as turmoil from US president’s assault on world trade enters second week. Trump threatens additional 50% tariffs on China over retaliatory levies Which ...The Guardian - 1d -
Thune: Bill to curb Trump’s tariff power doesn’t have a future
Senate Majority Leader John Thune (R-S.D.) says that a bipartisan bill to curb President Trump’s tariff power backed by seven Republican senators doesn’t have a future in Congress because Trump has ...The Hill - 1d -
Trump threatens additional 50% tariffs on China over retaliatory levies
President poised to further impose taxes after Beijing announced a 34% tariff on US imports as global markets fall. US politics live – latest updates Donald Trump has threatened to impose an ...The Guardian - 1d -
The Memo: Trump under pressure on tariffs as Dow sinks again
The Dow Jones Industrial Average fell yet again on Monday, keeping President Trump under pressure over the tariff policy that has roiled the world since it was announced last Wednesday. Trump ...The Hill - 1d -
EU offered ‘zero-for-zero’ deal to US weeks before tariff announcement
Cars and other goods were to be included, according to EU trade commissioner, who says offer is still on table . The EU has said it offered the US a “zero-for-zero” tariff deal on cars and ...The Guardian - 1d -
Trump digs in on tariffs amid market volatility: From the Politics Desk
In today’s edition, we break down the latest fallout from Washington to Wall Street as President Donald Trump forges ahead with new tariffs that have led to global economic uncertainty.NBC News - 1d -
Business leaders speak out about President Trump’s tariffs
Billionaire Trump backer Bill Ackman is among the business leaders who have criticized the president’s trade war. NBC News’ Christine Romans reports Ackman called the tariffs a mistake and urged a ...NBC News - 1d -
China vows to ‘fight to the end’ against latest Trump tariff threat
Beijing accuses US of blackmail and adding a ‘mistake on top of a mistake’ as Wednesday deadline for latest levies looms. Tariff market reaction –live updates China’s government says it will ...The Guardian - 1d -
Abundance vs. equity in MAGA’s high-stakes tariff game
What does victory look like in the tariff wars? If you ask Treasury Secretary Scott Bessent, it’s already happening. “More than 50 countries have approached … the administration about lowering ...The Hill - 23h -
China says it will 'fight to the end' after Trump threatens 50% additional tariffs
Trump said he would impose an additional 50% duty on U.S. imports from China on Wednesday, if Beijing does not withdraw the 34% tariff it imposed on U.S. products last week.CNBC - 23h -
Trump 'not looking' to pause tariffs despite global economic fears
With President Donald Trump’s next round of escalatory tariffs set to go into effect, he insists that despite rattled markets and recession fears, he’s not considering hitting the pause button. ...NBC News - 22h -
Inside the true financial impact of Trump's tariffs on everyday goods
Companies will now have to pay more to import cell phones, sneakers, home goods, toys and more in the wake of President Donald Trump’s tariffs — and the increased costs will be passed on to ...NBC News - 21h