Trump’s 100% tariffs on pharmaceuticals will be ‘a meaningful commercial hit for US consumers’
President Trump’s overnight decision to impose a 100% tariff on imported pharmaceuticals starting October 1 is already whacking…
The Fed’s cut was ‘more hawkish than anticipated,’ Moody’s Zandi says — and warns it won’t be enough
Federal Reserve policymakers delivered a quarter-point interest-rate cut this week, but leading economist Mark Zandi warns the move…
U.S. would have to refund half its tariff revenue if IEEPA duties invalidated
A key source of revenue for the federal government could be drastically slashed if the Supreme Court upholds…
Trump’s closure of the de minimis tariff loophole sent postal traffic to the U.S. to a ‘near-halt’
Postal traffic into the United States plunged by more than 80% after the Trump administration ended a tariff exemption for…
Trump warns he would ‘have to unwind’ trade deals if Supreme Court doesn’t uphold his tariffs
President Donald Trump has signaled plans to end tentative trade agreements should his tariff policy be struck down. …
A Trump court loss on tariffs could mean a $150 billion refund for American businesses
A federal court of appeals said President Trump overstepped his authority when he imposed sweeping tariffs. Now, American…
De minimis tariff dodge ending means less purchasing power for Americans
The de minimis exemption—a tariff loophole that for years made millions of direct-to-consumer imports duty free—is gone, and…
U.S. tariffs on Indian goods are now 50%, a level analysts warn is akin to a trade embargo
U.S. tariffs of 50% took effect Wednesday on many Indian products, doubling an existing duty as President Donald…
‘Consumers are going to be shocked’: An expiring tariff exemption for goods under $800 is about to throttle the world of e-commerce
NEW YORK (AP) — U.S. consumers have gotten used to shopping the world without paying customs duties on the international…
Europe’s $64.6 billion postal pipeline of ‘de minimis’ goods comes to screeching halt
The end of an exemption on tariff duties for low-value packages coming into the United States is causing multiple international…
Powell’s ‘unusual’ Jackson Hole remarks reveal he’s boxed in by Trump’s tariffs and deportations, risking a 1970s-style mistake, economist Slok says
Powell noted that while labor markets remain in balance, it is a “curious kind of balance that results…
Trump is deporting so many immigrants that it could cause inflation to hit 4% next year, top economist says
Donald Trump’s new immigration policies—including deporting, the White House claims, about 750 immigrants a day on average—are helping…