Bessent Warns Reciprocal Tariffs Will Return Without ‘Good Faith’ Talks
U.S. Treasury Secretary Scott Bessent warned during a Sunday appearance on NBC News’ Meet the Press that countries failing to negotiate in “good faith” with the United States could face a return to reciprocal tariff levels that were unveiled on “Liberation Day” on April 2. Newsweek has reached out to the U.S. Department of the […]
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China, US Agree to Drop Tariffs by 115% for 90 Days
By Shane Croucher is a Breaking News Editor based in London, UK. He has previously overseen the My Turn, Fact Check and News teams, and was a Senior Reporter before that, mostly covering U.S. news and politics. Shane joined Newsweek in February 2018 from IBT UK where he held various editorial roles covering different beats, […]
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Trump Adviser Says People Out of Work Due to Tariffs Should Be ‘Optimistic’
Secretary of Commerce Howard Lutnick hit the Sunday morning talk shows to reassure Americans that President Donald Trump‘s tariff plan is going to work out in the long term as dock workers and truckers report job cuts due to falling imports. Why It Matters On April 2, Trump, announced a slate of reciprocal tariffs that […]
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Trump Tariffs Threat Bloats Trade Deficit to Record High
By Shane Croucher is a Breaking News Editor based in London, UK. He has previously overseen the My Turn, Fact Check and News teams, and was a Senior Reporter before that, mostly covering U.S. news and politics. Shane joined Newsweek in February 2018 from IBT UK where he held various editorial roles covering different beats, […]
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US Industrial Output To Be Worst Hit Globally by Trump Tariffs
American industry may feel the worst effects of the administration’s recently announced tariffs, researchers have found, despite restoring the U.S’s manufacturing prowess being among the key aims of these policies. According new report from Oxford Economics, the expanding list of tariffs announced by President Donald Trump are expected to result in “a shallow recession in […]
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Trump Eyes 50% Tariffs, Says ‘Bond Market Got the Yips’: Live Updates
By Amanda M. Castro is a Newsweek Live Blog Editor based in New York. Her focus is reporting on U.S. politics, breaking news, consumer topics, and entertainment. She specializes in delivering in-depth news and live blog reporting and has experience covering U.S. presidential debates, awards shows, and more. Amanda joined Newsweek in 2024 […]
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Trump’s Tariffs Are Good for Company’s Profits, CEO Says
President Donald Trump‘s tariffs sparked widespread economic concern, but at least one CEO believes the policy may boost his company’s profits. Why It Matters Trump announced, and then paused, tariffs on dozens of countries around the globe earlier in April. The announcement sparked concerns about a recession as the stock market took a hit after […]
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Donald Trump Issues Warning to China Over ‘Cheating’ Around Tariffs
By Giulia Carbonaro is a Newsweek reporter based in London, U.K. Her focus is on the U.S. economy, housing market, property insurance market, local and national politics. She has previously extensively covered U.S. and European politics. Giulia joined Newsweek in 2022 from CGTN Europe and had previously worked at the European Central Bank. She is […]
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Tomato Price Warning Issued Over Trump Tariffs
Tomato prices are likely to increase as a result of the Trump administration decision this week to terminate a tomato import agreement with Mexico, causing tariffs to swing into effect, according to the Fresh Produce Association of the Americas. Newsweek contacted the Department of Commerce for comment on Saturday via email outside of regular office […]
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Map Reveals States Worst Impacted by Trump’s Tariffs
Under America’s new trading framework, and the continually expanding list of nations and goods subject to President Donald Trump‘s tariffs, many states will be forced to spend billions more to sustain their current levels of imports. The effects will not be felt equally across the U.S., with the structure of each states’ economy and their […]
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