The farm bailout comes amid an increased push on Americans’ price concerns<\/a>. In an interview published Tuesday, Trump allowed he may look for “some” additional carveouts, weeks after his administration slashed tariffs on items like beef, coffee, and bananas.<\/p>\n The push to reduce<\/a> food prices comes in the wake of electoral wins for Democrats across a number of key state and local races where candidates stressed affordability concerns. Trump has also in recent weeks floated the possibility of a tariff “dividend” for many Americans in the form of a $2,000 check.<\/p>\n The US Supreme Court is poised in the weeks ahead to decide the legality of the majority of those tariffs. The president invoked the International Emergency Economic Powers Act (IEEPA) to levy blanket tariffs on goods from other countries. As he has publicly braced for the high court’s decision, Trump has claimed the “full benefit” of tariff policies would take effect soon, arguing that foreign buyers who stockpiled inventory would be forced to buy more goods.<\/p>\n Read more: What Trump’s tariffs mean for the economy and your wallet<\/a><\/p>\n The trade deal between the US and Indonesia is in danger of collapsing, according<\/a> to The Financial Times. US officials have grown increasingly frustrated at what they view as Jakarta reneging on the terms of the agreement reached in July.<\/p>\n Trump threatened to impose an additional 5% tariff on Mexico if it doesn’t provide additional water to help US farmers. Trump accused<\/a> Mexico of violating a treaty that outlines water sharing between the countries.<\/p>\n Trump gave the green light on Monday for Nvidia (NVDA<\/a>) to sell some of its more powerful H200 chips to China. The US president said that China’s Xi Jinping had responded<\/a> “positively” to the move.<\/p>\n Several US companies, such as Costco (COST<\/a>), have filed lawsuits and claims<\/a> to the US government for tariff refunds in the belief Trump’s tariffs will be struck down by the US Supreme Court. If the courts rule against Trump’s tariffs, the president may be forced to repay billions of dollars in collected revenue from imports, according<\/a> to a report in the New York Times.<\/p>\n LIVE 140 updates <\/p>\n Tariff revenue dipped slightly in November after Trump pulled back on grocery store duties <\/p>\n Yahoo Finance’s Ben Werschkul<\/a> reports:<\/p>\n Read more here.<\/a><\/p>\n CNN reports:<\/a><\/p>\n Read more here. <\/a><\/p>\n Fed Chair Jerome Powell \u200con Wednesday pointed to President Trump’s tariffs<\/a> as the reason for the current overshooting of the central bank’s 2% inflation target.<\/p>\n “It’s \u200breally tariffs that \u200care causing most of the inflation overshoot,” Powell said, while emphasizing that the central bank expects the tariffs to represent a “one-time” increase in prices.<\/p>\n “Our job is to make sure that it is,” he added.<\/p>\n Powell also declined to weigh in on a reporter’s question over the impacts of a potential Supreme Court decision striking down Trump’s most sweeping tariffs.<\/p>\n Read our live blog for the latest updates and analysis on the Fed.<\/a><\/p>\n Bloomberg News<\/a>:<\/p>\n Read more here. <\/a><\/p>\n US farmers have said they need more than a $12 billion aid package to fully offset the low crop prices and lost export opportunities resulting from President Trump’s trade war.<\/p>\n Trump introduced the aid package for farmers this week, with the industry welcoming the support, saying it would help them prepare for the next planting season. However, the industry suggested that it is a fraction of farm losses and will not rescue the flagging farm economy.<\/p>\n US farmers have faced steep losses this year due to Trump’s tariffs, saddled with low crop prices and higher costs for labor and inputs, such as fertilizers and seeds, and coupled with the decline in exports of crops like soybeans, which have dropped due to Trump’s trade dispute with China.<\/p>\n Reuters reports:<\/p>\n Read more here. <\/a><\/p>\n Reuters reports:<\/a><\/p>\n Read more here. <\/a><\/p>\n The trade deal between the US and Indonesia is in danger of collapsing, The Financial Times reported Wednesday, citing people familiar with the matter. US officials have grown increasingly frustrated at what they view as Jakarta reneging on the terms of the agreement reached in July.<\/p>\n The trade deal states <\/a>that Indonesian goods will face a US tariff rate of 19%. Indonesia will also eliminate tariff barriers on over 99% of US products exported to Indonesia across sectors such as agriculture, health products, seafood, and technology.<\/p>\n However, the report said that Jakarta is slow to implement the deal.<\/p>\n The FT reports:<\/p>\n Read more here. <\/a><\/p>\n Tue, December 9, 2025 at 7:31 PM UTC Trump says his farm bailout ‘would not be possible without tariffs.’ His critics agree. <\/p>\n Yahoo Finance’s Ben Werschkul<\/a> reports:<\/p>\n Read more here.<\/a><\/p>\n President Trump defended his sweeping tariff policies, but suggested in an interview on Tuesday that he may allow for “some” additional carveouts after moves to slash duties on goods that were surging in price.<\/p>\n In an interview<\/a> with Politico, Trump was asked whether he’d consider cutting tariffs on other consumer staples. In recent weeks, his administration has slashed duties on coffee, beef, and bananas, in a bid to address Americans’ concerns over price pressures<\/a>.<\/p>\n Trump said he would “on some, and on some I\u2019ll increase tariffs.” He said the breaks he approved recently amid a voter outcry against elevated prices on groceries in particular were “very small carveouts.”<\/p>\n “It’s not a big deal,” he said.<\/p>\n See the full interview here<\/a>.<\/p>\n One of the key questions being asked is whether President Trump’s tariffs are helping to close the trade deficit. For the FT’s senior trade writer Alan Beattie, the answer is no.<\/p>\n The FT reports:<\/p>\n Read more here. <\/a><\/p>\n China’s Premier Li Qiang said on Tuesday that tariffs have dealt a “severe blow” to global economies. These latest remarks from Beijing come as China’s trade surplus surged past $1 trillion.<\/p>\n The AP reports:<\/p>\n Read more here. <\/a><\/p>\n Nvidia (NVDA<\/a>) has been given the go-ahead from President Trump to sell some of its more powerful H200 chips to China.<\/p>\n Yahoo Finance tech editor Daniel Howley<\/a> reports on the latest developments surrounding Nvidia’s chip sales to China.<\/p>\n Read more here. <\/a><\/p>\n Bloomberg News reports:<\/a><\/p>\n Read more here. <\/a><\/p>\n President Trump threatened Mexico on Monday with an additional 5% tariff over what he calls unfair treatment of American farmers.<\/p>\n Trump posted on Truth Social, saying that Mexico is violating its water treaty with the US and hurting Texas farmers’ ability to nourish their crops and livestock.<\/p>\n \u201cAs of now, Mexico is not responding, and it is very unfair to our U.S. Farmers who deserve this much-needed water,\u201d Trump posted Monday. \u201cThat is why I have authorized documentation to impose a 5% Tariff on Mexico if this water isn\u2019t released, IMMEDIATELY.\u201d<\/p>\n The treaty Trump is referring to is the Utilization of Waters of the Colorado and Tijuana Rivers and of the Rio Grande, signed in 1944.<\/p>\n This 5% tariff would apparently come in addition to the 25% duties that Trump imposed on Mexico this year. Most Mexican goods, however, come to the US with smaller or no duties under the free-trade agreement between the countries.<\/p>\n Bloomberg reports:<\/p>\n Read more here. <\/a><\/p>\n Hints that the US and India are on the verge of restarting trade talks emerged on Monday as two separate US delegations arrived in New Delhi this week to hold discussions with their Indian counterparts.<\/p>\n Bloomberg News reports:<\/p>\n Read more here. <\/a><\/p>\n Tue, December 9, 2025 at 1:35 AM UTC Lawmakers in Mexico consider hiking tariffs on goods from China and other Asian countries <\/p>\n With the US-China trade war continuing apace, the Mexican government will debate tariffs of its own this week, as it considers a proposal before the legislative assembly to raise tariffs on products from China and other Asian countries \u2014 including South Korea, Thailand and India \u2014 by as much as 50%, Reuters reports.<\/a><\/p>\n Cars, textiles, clothing, plastics and steel are among the products coming into Mexico that may see new or higher levies if the bill were to pass.<\/p>\n Along with China, Mexican business groups strongly oppose such legislation. But there is a sense of urgency to pass the bill before the end of the congressional session on Dec. 15.<\/p>\n Read more here.<\/a><\/p>\n Mon, December 8, 2025 at 9:36 PM UTC Trump unveils $12 billion aid package for farmers struggling with tariff impacts <\/p>\n President Trump unveiled a $12 billion farm aid package aimed at helping American farmers who have been hard hit by the ongoing trade war with China, which has left them dealing with higher costs and difficulties selling their crops.<\/p>\n As the Associated Press reports<\/a>, many farmers are Trump supporters, at least when it comes to his politics. However, the fluctuating tariff rates Trump has implemented leave farmers who raise cattle and grow crops such as corn, cotton, sorghum, rice, wheat, and potatoes, s especially those who grow soybeans, struggling to keep up.<\/p>\n Read more here.<\/a><\/p>\n Mon, December 8, 2025 at 8:54 PM UTC To help farmers, Trump wants to loosen environmental constraints on tractor manufacturing <\/p>\n As he unveiled s $12 billion aid package to provide relief to American farmers on Monday, President Trump admonished farm equipment-makers to lower their prices on tractors.<\/p>\n He blamed “environmental restrictions” for driving up costs, and said companies like Deere & Co. would be allowed to forgo such regulations, according to Bloomberg.<\/a><\/p>\n “They\u2019re going to have to reduce their prices because farming equipment has gotten too expensive, and a lot of the reason is because they put these environmental excesses on the equipment, which don\u2019t do a damn thing except make it complicated,” the president said.<\/p>\n Bloomberg reports:<\/p>\n Read more here.<\/a><\/p>\n Companies are lining up and preparing for a tariff refund should the US Supreme Court force the Trump administration to refund billions in tariff revenue.<\/p>\n Some retailers, like Costco (COST<\/a>) are suing the Trump administration in order to secure their future eligibility for refunds. But there is still uncertainty about whether the Supreme Court’s decision will invalidate Trump’s tariffs.<\/p>\n Yahoo Finance’s Washington Correspondent Ben Werschkul<\/a> looks at the latest developments within Trump’s tariffs.<\/p>\n How Trump\u2019s tariffs forced China to pivot \u2013 and export more <\/p>\n
Wed, December 10, 2025 at 9:52 PM UTC Powell says tariffs have caused inflation ‘overshoot’ <\/p>\n
Wed, December 10, 2025 at 12:19 PM UTC China must fix economic imbalances as trade surplus hits $1T: IMF <\/p>\n
Wed, December 10, 2025 at 11:25 AM UTC US farmers say Trump’s $12 billion aid package won’t cover losses <\/p>\n
Wed, December 10, 2025 at 10:08 AM UTC How China Inc is marching into Vietnam amid US tariffs\u200b\u200b\u200b <\/p>\n
Wed, December 10, 2025 at 10:06 AM UTC US-Indonesia trade deal at risk of collapse <\/p>\n
Tue, December 9, 2025 at 1:21 PM UTC Trump suggests he may cut ‘some’ additional tariffs amid affordability push <\/p>\n
Tue, December 9, 2025 at 9:39 AM UTC Trump\u2019s tariffs are not reducing the trade deficit <\/p>\n
Tue, December 9, 2025 at 9:28 AM UTC Chinese premier cites damage from US tariffs, as China’s surplus surpasses $1T <\/p>\n
Tue, December 9, 2025 at 9:22 AM UTC Trump approves Nvidia H200 chips for sale to China <\/p>\n
Tue, December 9, 2025 at 9:13 AM UTC Trump eyes tariffs over Canadian fertilizer, Indian rice <\/p>\n
Tue, December 9, 2025 at 9:05 AM UTC Trump threatens Mexico with 5% tariff increase over water dispute <\/p>\n
Tue, December 9, 2025 at 5:38 AM UTC US, India seek to reset ties as trade deal remains elusive <\/p>\n
Mon, December 8, 2025 at 7:30 PM UTC Companies prepare \u2014 as best they can \u2014 for possible tariff refunds <\/p>\n