Trump postpones potential full tariffs on medications
The Trump administration has put a hold on 100% tariffs on pharmaceutical companies that haven’t established production facilities in the U.S., though officials maintain that new taxes are still in effect. Recently, President Trump announced on his social media platform that starting October 1, 2025, there would be a 100% tariff on patented or branded […]
If the US only focuses on tariffs in Southeast Asia, others will take advantage.
This year’s UN General Assembly in New York has seen trade take center stage as global leaders gather. The focus is shifting back to key issues, especially the removal of tariffs. For U.S. businesses, the implications of increased tariffs on products from Southeast Asia are significant. However, concentrating solely on mutual tariff rates could mean […]
Chicago Fed leader worried that tariffs may cause lasting inflation
Concerns Over Inflation from Chicago Fed President On Tuesday, Austan Ghoolsby, President of the Federal Reserve Bank of Chicago, expressed concerns regarding rising inflation and the uncertainty of whether recent tariff-related price increases are temporary or could lead to more lasting challenges for policymakers. Speaking at the Midwest Agricultural Conference, Ghoolsby noted the recent spike […]
Trump insists on film tariffs that experts deem ‘impossible’
President Trump has recently highlighted his plans for imposing tariffs on films, drawing mixed reactions from both supporters and detractors. In a post on social media, he asserted that the filmmaking industry in the U.S. was effectively “stolen” by other nations, likening it to “stealing candies from babies.” He specifically pointed fingers at California and […]
Trump announces a 10% tax on wood, postpones 25% tariffs on kitchen cabinets and furniture.
Trump Announces New Wood Import Tariff On Monday, President Trump revealed a 10% tariff on wood imports, pushing back tariffs of 25% on kitchen cabinets, bathroom vanities, and upholstered furniture by two weeks. The updated deadline for these duties is now set for October 14. In a statement from the White House, Trump provided more […]
Trump imposes 10 percent tariffs on lumber imports and 25 percent on cabinets and furniture.
On Monday, President Trump announced a 10% tariff on wood imports and a more significant 25% tariff on furniture items, which include kitchen cabinets and vanities. Back in March, Trump instructed for a review of timber imports, labeling this area as “critical” for national security, as well as for the economic strength and resilience of […]
Trump proposes high tariffs to bring American film production back.
Trump Threatens Tariffs on Film Industry This week, President Donald Trump reiterated his plans for new tariffs, specifically targeting the film industry. He claimed that American filmmaking has been “stolen” by international producers. In a post on Monday, Trump expressed his frustrations, implying that foreign countries were taking advantage of the situation. He mentioned California’s […]
Trump’s Chip Tariffs Need to Be Strong, All-Encompassing, and Free of Loopholes
President Trump has indicated that tariffs are a more effective means of revitalizing American industry than relying on vague government spending. He has expressed criticism towards initiatives like the Chips Act, but the semiconductor tariffs currently under consideration at the Department of Commerce should, arguably, necessitate those investments. Without tariffs in place, multinational companies continue […]
Coffee prices in the U.S. are rising sharply because of tariffs and production problems.
Rising Coffee Prices in the U.S. Americans are seeing higher prices for coffee, as costs for caffeinated products are nearing record levels. This increase is primarily attributed to higher import costs due to customs duties on coffee. According to the latest Consumer Price Index (CPI) from the Bureau of Labor Statistics, coffee prices are up […]
Tariffs didn’t protect my aluminum job, but genuine investment could help.
I spent a night surrounded by the intense glow of molten metal. Inside the aluminum smelter, the air felt incredibly heavy, enveloping you like a thick coat you just couldn’t shake off. As electricity pulls oxygen from alumina, sparks leap in the furnace, creating a glistening silver stream of liquid aluminum. We’ve turned raw materials […]