Trump cancels small package tariff exemption and relaxes customs regulations
The White House took steps last Friday to close a loophole on minimum tariffs for lower-value Chinese imports, though experts indicate that this also complicates enforcement of customs regulations. In the ongoing trade dispute with China, the Trump administration has eliminated a small exemption that exempted goods valued under $800 from import taxes. This change […]
Senate Democrats express disappointment over lost opportunity following tariff vote chaos
Senate Democrats are stepping in to address issues after Republicans successfully blocked an effort to eliminate Trump’s “liberation day” tariffs. This setback occurred partly due to absences among key votes, which left the Democrats feeling frustrated, especially given their limited influence currently. They were close to achieving another tariff-related win on the Senate floor, but […]
Miller teases tariff talks amid ongoing trade war: ‘China is a unique situation’
During a press conference Thursday morning, White House head Stephen Miller told Blaze News senior political editor Christopher Bedford that it was a “process” for Treasury Secretary Scott Bescent to develop a plan to deal with the ongoing trade war with China. At this point, the US is imposes a 145% tariff on Chinese imports, […]
Why is Trump ending the ‘de minimis’ tariff loophole on low-value imports? | Trump tariffs
One minute of the night on Friday, Eastern Time is a US tariff exemption that has helped fuel the rise of companies like Shein and Temu and shut down cheap fast fashion and other household items in the wardrobes of millions of Americans. As part of US President Donald Trump's surge in tariffs on China, […]
Apple Expects $900 Million Tariff Hit As It Shifts US iPhone Supply To India
Apple reported first-quarter profits on Thursday that exceeded expectations, but warned that US tariffs are costing the company and disrupt the supply chain. Apple expects its tariffs to cost $900 million this quarter, despite the impact “limited” earlier this year, CEO Tim Cook said in a revenue call. “We hope that the majority of iPhones […]
Dollar poised for third weekly gain as tariff concerns ease – TradingView
The US dollar was heading for its third consecutive weekly profit as better than expected data eases concerns about investment in the world's largest economy as a sign of progress in consultations with some of Washington's trading partners. The dollar, the US Treasury Department and stocks bounced back from a sharp decline last month as […]
China Says ‘Evaluating’ US Tariff Talks Talks, But Wants Trump’s “Sincerity”
Beijing: China on Friday said it was evaluating the US offer to negotiate tariffs, but hoped Washington was “honesty” and was ready to scrap the taxes that have shaken up global markets and supply chains. Penalizing US tariffs, which reached 145% on many Chinese products in April, was responded by Beijing with a 125% duties […]
Dollar poised for third weekly gain as tariff concerns ease – Yahoo Finance
By rocky swift TOKYO (Reuters) – The US dollar has headed for its third consecutive weekly profit, in order to ease concerns over investment in the world's largest economy, as a sign of progress in consultations with some of Washington's trading partners. The dollar, the US Treasury Department and stocks bounced back from a sharp […]
Harley-Davidson pulls full-year forecast over ‘uncertain global tariff situation’
Harley-Davidson on Thursday suspended its full-year forecast as President Trump's tariffs fuelled economic uncertainty. “We are withdrawing our financial outlook for 2025 due to uncertainty in the global tariff and macroeconomic situation,” the motorcycle manufacturer said in a statement. The company estimated that the tariff bill could reach $175 million this year, despite most of […]
Apple revenue hits $95B as customers snatched up iPhones on tariff fears
Apple reported on Thursday that slightly beat Wall Street expectations as consumers stocked it on their iPhone amid fears of potential import taxes on signing devices from President Trump. The Cupertino, California-based company said its revenue and profit for the second quarter ended March 29 was $1.65 per share, $953.6 billion and $1.65 billion, respectively, […]