Republican Says Trump Tariffs Will ‘Absolutely’ Inflict Short-Term Pain
Republican Senator Tim Sheehy of Montana said that the tariffs President Donald Trump promises to impose this week would “absolutely” cause “short-term pain.” Newsweek reached out to Sheehy’s office via email on Monday night for comment. Why It Matters Trump has threatened tariffs against Canada, Mexico and China among others during his second term in […]
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EU Delays US Tariffs – Newsweek
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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How Trump’s Tariffs Might Affect Your 401(k)
Americans’ retirement accounts stand to suffer from President Donald Trump‘s trade war, Fox News‘s Peter Doocy said on Tuesday. Talking about the Trump administration’s efforts to get thousands of federal workers to retire voluntarily, Doocy said: “It’s tough to make the argument that you should retire if your retirement accounts are getting throttled, which is […]
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EU Retaliates After Trump’s Sweeping Steel, Aluminum Tariffs: Live Updates
President Donald Trump has imposed sweeping 25% tariffs on all imported steel and aluminum, a move aimed at boosting U.S. manufacturing but one that risks higher consumer prices and escalating global trade tensions. The European Union swiftly retaliated with countermeasures on American exports, while Canada narrowly avoided an even steeper tariff hike. What to Know: […]
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Canada Will Stand Firm Despite Trump’s Disastrous Tariffs | Opinion
Tariffs on. Tariffs off. Tariffs on. Tariffs off. Just a day after President Donald Trump imposed long-awaited tariffs on Canada, his administration swiftly granted exemptions for the auto industry until April 2 and effectively removed goods shipped under the U.S.-Mexico-Canada Agreement—amounting to 38 percent of Canadian exports—from the tariff list until next month. Last week […]
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Canada Hit With Major New Retaliatory Tariffs From China
China has announced major new tariffs on Canadian agricultural products in retaliation to tariffs imposed by Ottawa in October on Chinese electric vehicles, steel and aluminum. Newsweek contacted Global Affairs Canada, the Canadian ministry that oversees international relations, and the Chinese Embassy in Canada for comment via email outside regular office hours. Why It Matters […]
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Why Fentanyl Led to Trump’s China Tariffs
President Donald Trump spent this week changing tack on trade tariffs, citing fentanyl as his motivational push to punish China, Canada and Mexico, before turning back on some of those threats. Trump extended his blanket tariff on Chinese goods to 20 percent this week, citing Chinese exports of illicit fentanyl as justification. The president also […]
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Will Chipotle Raise Prices Because of Trump Tariffs? CEO Issues Update
Chipotle Mexican Grill has announced that it does not plan to raise prices in response to tariffs imposed by the Trump administration on Mexican imports. CEO Scott Boatwright stated that the company will absorb the additional costs, even as tariffs could increase expenses for key ingredients like avocados. “It is our intent as we sit […]
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List of Stores to Raise Prices Because of Donald Trump’s Tariffs
Major U.S. retailers including Target and Best Buy are warning consumers of imminent price increases across a range of products. This comes in response to the new tariffs imposed by President Donald Trump on goods from China, Canada and Mexico. These measures, aimed at protecting U.S. industries, are likely to impact consumers nationwide—potentially seeing a […]
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China Strikes Back After US Tariffs Imposed: List of Products Targeted
China has announced additional tariffs on U.S. agricultural products and food items in response to President Donald Trump‘s decision to effectively double tariffs on Chinese imports. Newsweek has contacted the Chinese Embassy in Washington, D.C., for comment via email. Why It Matters The tariffs threaten to increase the prices, putting pressure on Trump, who made […]
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