The U. S. has collected about $340 billion in import duties since the last president rolled out new tariffs over a year ago. Supporters say these taxes push factories back to America and boost domestic jobs. Some data shows U. S. industrial output climbing, and productivity is set to rise in 2
The Trump team wants cars made in North America to use more parts from the region. They aim for 82 % of a car’s value to come from North America. Half of that must be made in the United States. The plan was announced at talks in Mexico City about changing the US‑Mexico‑Canada trade deal. Canada i
Most people don’t think of tomatoes as politics on a plate, but they’re now carrying a heavier price tag than eggs did a couple years ago. A 40 % jump in the past year makes tomatoes the fastest-rising grocery item, beating beef, coffee, and seafood. Economists point to three big triggers: a war in
Back in 2025, something big happened in how countries handle imports and exports. Instead of just raising prices on foreign goods, new rules forced businesses to rethink how they move things around. Before, companies could predict costs easily. Now, unexpected fees popped up everywhere, making it ha
The United States is set to begin returning money taken from importers after a Supreme Court decision declared President Trump’s tariffs illegal. The first refunds are expected to arrive around May 11, according to a court filing on Tuesday in the U. S. Court of International Trade. The refunds c
Beijing introduced new trade rules that could make it harder for foreign companies to move their production away from China. The changes were announced just before President Trump’s visit to Shanghai for talks with Xi Jinping. The rules aim to punish firms that reduce their reliance on Chinese supp
China has quietly broadened its economic tools during a temporary pause in the U. S. trade dispute, setting up new limits on technology and supply chains before a summit next month. After leaders Xi Jinping and Donald Trump agreed in Busan to ease tensions, Beijing moved quickly to tighten controls
Last year Virginia’s port saw its first big drop in cargo traffic in decades. A sudden wave of new taxes on imports shook up global trade and slowed business. But a court decision in early spring put limits on the president’s power to impose such taxes without oversight. Even with that win, Virginia
The U. S. Trade Representative’s office announced that it will hold public hearings on April 28‑29 at the International Trade Commission headquarters in Washington. These sessions will address Section 301 investigations that examine whether dozens of countries allow imports of goods made with forc
The debate over new U. S. tariffs is heating up again after the Supreme Court stopped President Trump’s emergency duties last year. Companies that import goods from overseas are worried that higher taxes could ruin their operations, while some U. S. manufacturers think the extra costs would level th
