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 […]
Tariffs Are Lowering Prices and Embarrassing Economists
Weekly recap: Supreme Court and Trump Madness Happy Friday! This week, the main figure in the US economy gathered at a friend’s briefing that made it clear—there’s still a strong disapproval of Trump’s actions. In August, the prices of items hit by tariffs dropped, disappointing those at the Kato Institute. Moreover, Americans again signaled their […]
Trump’s updated tariffs proposal sparks additional concerns
President Trump announced a new drug tariff plan that has raised several questions regarding its implications. The plan threatens to impose 100% tariffs on companies that haven’t established drug manufacturing facilities in the United States since October 1st. This move seems to primarily target foreign manufacturers, but it’s unclear how it will impact those already […]
How Trump’s new tariffs on drugs and furniture might affect Americans
President Trump has unexpectedly introduced a new tariff affecting medicines, furniture, kitchen cabinets, bathroom vanities, and heavy trucks. With living costs already on the rise, there are concerns that this could further increase prices for consumers. Ken Mahoney, CEO of Mahoney Asset Management, indicated that the tariffs set to begin on October 1 could significantly […]
New tariffs, Trump’s TikTok agreement, inflation information and more in Morning Squawk
Here are five key points investors should be aware of as they begin trading today: 1. New tariffs from Trump President Donald Trump announced new tariffs on medicines, heavy trucks, kitchen cabinets, and upholstered furniture set to take effect on October 1st. He stated on Truth Social that brands or patented drugs entering the U.S. […]