Tariffs

A collection of 52 posts

Politics

Greensboro, Vt., sees steep drop in Canadian visitors after Trump tariffs and threats

Greensboro, a small Vermont town long known for Jasper Hill cheeses and Hill Farmstead beer, has seen a sharp fall in Canadian visitors since President Trump took office, reporting from Greensboro said. Town businesses that relied on cross-border customers say relations frayed after Mr. Trump’s threats to make Canada

Politics

Tariffs leave Port of Seattle with about 70 jobs for 600 dockworkers

At the Port of Seattle, a dispatcher said some mornings there are only about 70 jobs available for roughly 600 longshore workers. "No ships came in last night, so we have maybe 70 jobs today for 600 workers," Sarah Esch said before dawn on a recent Monday as

Politics

Starmer plays down prospect of retaliatory tariffs on US over Greenland row

Keir Starmer has played down the prospect of retaliatory tariffs on the US after Donald Trump threatened fresh levies against Nato allies over Greenland. At an emergency press conference on Monday the prime minister said US tariffs would damage the British economy and were "in no one's

Politics

U.S. trade chief says administration would promptly replace tariffs if court strikes them down

Jamieson Greer, the United States Trade Representative, said in a Jan. 15 interview with The New York Times that if the Supreme Court strikes down President Trump’s tariffs the administration would begin replacing them almost immediately, saying it would “start the next day” to reestablish tariffs “to respond to

Politics

Starmer says Greenland’s future must be decided by Greenlanders; calls tariffs 'completely wrong'

British Prime Minister Keir Starmer pushed back in London on President Trump’s threat of new tariffs over an effort to acquire Greenland, saying the island’s future must be decided by Greenlanders and the kingdom of Denmark and that Britain must “stand up for its values.” Mr. Trump, the

Politics

Trump rebuffs NATO offers and presses for U.S. ownership of Greenland

President Trump has pressed for American ownership of Greenland and rejected European offers of defense partnerships, escalating a dispute over the Arctic territory and prompting threats of tariffs that have strained relations within NATO. The strategic importance of Greenland has grown as melting ice, rival navies and undersea cables make

Business

IMF Raises 2026 Global Growth Forecast to 3.3% as AI Investment Offsets Tariff Drag

The International Monetary Fund said on Monday that it has raised its forecast for global growth in 2026, projecting world output will hold at 3.3 percent for a third consecutive year as surging investment in artificial intelligence and other technology helps offset rising protectionism. In its World Economic Outlook

Politics

UK says Greenland's future is 'non‑negotiable' amid Trump tariff threats

Culture secretary Lisa Nandy insisted the UK’s stance on Greenland is “non‑negotiable”, as European nations pushed back against Donald Trump’s decision to impose 10% tariffs on the UK and seven other countries. Keir Starmer called Trump’s imposition of the tariffs “completely wrong”. Nandy refused to say

Politics

Trump threatens escalating tariffs on European allies until Greenland is sold

Donald Trump said he would impose tariffs on a range of European countries unless the United States is allowed to purchase Greenland, announcing the move in a post on Truth Social that threatened duties of up to 25%. Trump said a 10% tariff would begin on 1 February on goods

Politics

Trump imposes 10% tariffs on Denmark and seven European nations over Greenland

President Trump announced on Saturday morning that he will impose a 10 percent tariff on Denmark and seven other European countries as part of an effort to secure a deal to buy Greenland, writing the decision in a social media post. He said Denmark, which oversees Greenland, will be hit

Business

Grocery prices rose 2.4% over year as Trump repeats claim they’re falling

Data released Tuesday by the Bureau of Labor Statistics showed the cost of food at home rose 2.4 percent over the last 12 months and 0.7 percent in December, the fastest single-month increase since October 2022, even as President Trump continued to say grocery prices are falling. The

Politics

Trump praises tariffs at Detroit factory visit; economists point to A.I. for growth

President Trump toured a Ford Motor factory in Dearborn, Mich., on Tuesday and used an economic speech to praise tariffs, mentioning them more than two dozen times and saying the levies had generated trillions of dollars of investment. He also credited tariffs on social media for the strong markets, writing,

Business

U.S. inflation ended 2025 at 2.7 percent, core at 2.6 percent

Consumer prices were 2.7 percent higher in December than a year earlier, or 2.6 percent when excluding food and energy, the Bureau of Labor Statistics reported on Tuesday. The release was the last consumer-price reading before the Federal Reserve meets in two weeks to debate interest rates. Surging

Business

U.S. consumer inflation held at 2.7% as Fed readies January meeting

Consumer prices were 2.7 percent higher in December from a year earlier, and core inflation excluding food and energy was 2.6 percent, the Bureau of Labor Statistics reported, leaving inflation essentially steady as the Federal Reserve prepares to meet later this month. Month to month, the CPI rose

Business

U.S. consumer prices rise 0.3% in December as grocery costs jump

U.S. consumer prices rose 0.3 percent in December and were 2.7 percent higher than a year earlier, while food prices climbed 0.7 percent for the month — the largest one‑month increase in grocery prices since October 2022. Core prices, excluding food and energy, were up 0.

Politics

Trump questions his promise to send $2,000 tariff rebate checks

According to People, President Donald Trump appeared to draw a blank when asked about his earlier promise to send Americans $2,000 rebate checks funded by tariff revenues during an Oval Office interview with The New York Times. The New York Times reporters Katie Rogers and Tyler Pager asked when

Business

Volkswagen U.S. sales fall 20% as tariffs and end of EV incentives bite

Volkswagen’s sales in the United States fell 20 percent in the last three months of 2025, the German automaker said, a decline the company and analysts attributed to tariffs, trade conflict and the withdrawal of tax credits and other incentives for electric vehicles. Industry observers say Volkswagen’s experience

Politics

U.S. December jobs mixed as inflation expectations rise; no Supreme Court tariff ruling

U.S. employment data for December was mixed, inflation expectations edged higher, and the U.S. Supreme Court did not deliver a ruling on the Trump Administration's tariffs. The report said the December employment figures showed a mixed picture, while measures of inflation expectations moved up slightly. Separately,

Politics

Prediction markets see low odds of clear Supreme Court tariff ruling

Prediction markets currently place low odds on a clear Supreme Court ruling on tariffs. That setup has previously triggered short-term volatility in bitcoin, which then stabilized. Whether the same pattern will recur is unknown; the low odds of a decisive ruling leave the likelihood of renewed short-term market moves uncertain.

Business

U.S. Trade Deficit Falls to $29.4 Billion in October, Lowest Since 2009

The U.S. trade deficit in goods and services shrank to $29.4 billion in October, down from $48.1 billion the prior month, data from the Commerce Department showed, the lowest monthly deficit recorded since June 2009. Imports in October fell 3.2 percent to $331.4 billion while

Politics

Trump’s $2,000 stimulus proposal tied to tariffs faces legal and logistical hurdles

According to Time, President Donald Trump has repeatedly proposed issuing $2,000 stimulus checks or tax rebates to the majority of Americans, saying revenue from his tariffs could be returned as a “dividend” after his return to the White House for a second term. Trump defended the tariffs on Truth

Crypto

Bitcoin at $92,733 as Supreme Court tariff ruling threatens market volatility

Beincrypto reports Bitcoin is trading at $92,733 as it approaches a potential volatility trigger: the US Supreme Court’s January 9 ruling on President Trump’s global tariffs. Polymarket implies a 78% chance the Court will invalidate the tariffs; a decision against them could force the Treasury to refund

Business

Trump tariffs force U.S. board and card game publishers to cut production

Tariffs imposed by President Trump have forced many independent board and card game publishers in the United States to curb production, cut staff and delay imports, threatening the future of a small but vibrant industry. Publishers including Greater Than Games and CMON Games have curtailed production and reduced head counts

Politics

Trump Floats $2,000 Rebate Checks and Larger 2026 Tax Refunds

President Trump has repeatedly floated the idea of one‑time $2,000 rebate checks for many families funded by tariff revenue and is highlighting larger‑than‑usual tax refunds expected in 2026 to try to ease voter concerns about affordability. The administration has not produced a detailed plan for the

Business

Analysts say global economy faces deeper uncertainty amid trade reordering

The global economy faces deeper uncertainty as a reordering of trade rules combines with rapid technological, demographic and climate change, a New York Times analysis by Patricia Cohen said. Transformational forces rattling the world economy include a revolution in artificial intelligence, rapidly aging populations, climate change and “a worldwide turn