tariffs

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Struggling With Tariffs, Mattel Agrees Prices Are Going Up

Trump has made dolls the face of Americans' trade war sacrifice

(Newser) - Mattel Inc., the maker of Barbie dolls, Hot Wheels cars, and other iconic toys, said Monday that it will raise prices for some products sold in the US—one of the steps it's taking to deal with President Trump's tariffs. The California company said the price increases are...

White House: 'No Final Decisions' on Movie Tariffs

'I'm not looking to hurt the industry; I want to help the industry,' Trump says

(Newser) - President Trump's Sunday night announcement that he plans to slap a "100% Tariff" on foreign films sent shockwaves through Hollywood, but he didn't provide details, and the White House didn't have many new ones to add on Monday. "Although no final decisions on foreign film...

Trump's Surprise Tariff: Foreign Movies

President promises penalty on films made in 'foreign lands'

(Newser) - President Trump announced a new round of surprise tariffs Sunday, this time on the entertainment industry. "I am authorizing the Department of Commerce, and the United States Trade Representative, to immediately begin the process of instituting a 100% Tariff on any and all Movies coming into our Country that...

Trump Discounts Recession, Says 'I Don't Know' on Due Process

President also addresses a third term and dolls and strollers in interview

(Newser) - President Trump in an interview aired Sunday pushed back against analysts' predictions about a recession, said he might abandon Ukraine-Russia peace talks, and, despite the oath he took on Inauguration Day, deferred to his lawyers about whether the president is obligated to uphold the Constitution's due process guarantee. He...

Buffett Criticizes Trade War, Then Says He's Stepping Down

Berkshire Hathaway CEO says he'll turn over reins at the end of the year

(Newser) - The first question posed to Warren Buffett during Berkshire Hathaway's shareholders meeting Saturday was about President Trump's tariffs. The investor was critical, Yahoo Finance reports. "We should be looking to trade with the rest of the world, and we should do what we do best, and they...

China Looks for Fentanyl Angle to Spark Tariff Negotiations

Security chief asks what the Trump administration wants done to stop chemicals' flow

(Newser) - With its economy already feeling the trade war with the US, China is preparing its people to dig in for a long battle. At the same time, officials are looking into whether fentanyl might serve as a conversation starter for the two countries, the Wall Street Journal reports. Chinese companies...

'Tariff Uncertainty' Could Weigh on Jobs Report
Hiring Comes in
Stronger Than Expected
UPDATED
May 2, 2025 7:39 AM CDT

Hiring Comes in Stronger Than Expected

Employers add 177K jobs in March, though full effect of tariffs may not be evident yet

(Newser) - The new jobs report beat expectations, showing that employers added 177,000 jobs in April, reports CNBC . Analysts anticipated about 133,000. The new figure is down from 228,000 in March, though it was positive enough to cheer Wall Street: Dow futures were up more than 300 points in...

Apple Says It's Shifting Production Away From China

Most products sold in the US will be made in India or Vietnam, CEO says

(Newser) - Apple says it's shifting production of iPhones and other devices out of China in response to President Trump's tariffs—but they won't be made in America. "We do expect the majority of iPhones sold in the US will have India as their country of origin,"...

49-49 Vote in Senate Kills Anti-Tariffs Measure

McConnell and Whitehouse, who both supported the resolution, were absent

(Newser) - A couple of absences in the Senate on Wednesday doomed a bipartisan measure to block President Trump's tariffs. GOP Sen. Mitch McConnell and Democratic Sen. Sheldon Whitehouse both had expressed support for the resolution but missed the vote, NBC News reports. That led to a 49-49 tie; the measure...

Trump to Revisit Auto Industry Tariffs
Trump's 'Significant
Reversal' on Auto Tariffs
UPDATED
Apr 29, 2025 7:52 PM CDT

Trump's 'Significant Reversal' on Auto Tariffs

He signs executive order to ease impact on US automakers

(Newser) - President Trump signed an executive order on Tuesday to relax some of his 25% tariffs on autos and auto parts, a significant reversal as the import taxes threatened to hurt domestic manufacturers. Automakers and independent analyses have indicated that the tariffs could raise prices, reduce sales, and make US production...

White House Is Not Happy With Amazon's Reported Tariff Plan
Amazon: No, We're Not
Adding a Tariff Label
UPDATED
Apr 29, 2025 12:50 PM CDT

Amazon: No, We're Not Adding a Tariff Label

Company responds after heavy criticism from the White House

(Newser) - The Trump administration is taking none too kindly to reports that Amazon might slap labels on their imported wares letting consumers know how much tariffs affected the price . "I just got off the phone with the president about ... Amazon's announcement. This is a hostile and political act by...

Coke Calls Tariffs 'Manageable' After Upbeat Quarter

Coca-Cola says it has 'numerous levers' to pull

(Newser) - Coca-Cola reported better-than-expected earnings in the first quarter and said the impact of tariffs on its business are likely to be "manageable," per the AP .
  • Revenue fell 2% to $11.1 billion in the January-March period, the company said Tuesday. Adjusted for one-time items, including currency fluctuations, Coke
...

Amazon May Spell Out What Tariffs Are Costing You

Meanwhile, online retailer is bracing for price hikes on China-made products

(Newser) - Earlier this month, economic effects from the Trump administration's tariffs blitz hadn't yet made their way to Amazon, though that's been changing in recent days as vendors have started to raise their prices, stating that keeping their costs to consumers the same amid the trade war is...

Amid Tariffs, Thrift Shops Could See a Boom

Secondhand stores, resale sites stand to profit as new clothing, shoes see prices rise in trade war

(Newser) - Stores selling secondhand clothes, shoes, and accessories are poised to benefit from President Trump's trade war, even as businesses the world over race to avert potential damage, per industry experts. The Yale University Budget Lab last week estimated short-term consumer price increases of 65% for clothes and 87% for...

In Canadian Travel Circles, 'Near-Total Collapse of US Business'

Neighbors to the north are hedging on travel to the US amid Trump's verbal attacks, tariffs

(Newser) - Trump's attacks on Canada's economy via his tariffs-driven trade war and threats to make it the 51st state have infuriated Canadians, who are canceling trips to the United States in big numbers. They also seem to have flipped the narrative heading into Canada's parliamentary elections on Monday,...

China Says US Must Drop All Tariffs If It Wants Talks

'The person who tied the bell must untie it'

(Newser) - China on Thursday denied any suggestion that it was in active negotiations with the administration of President Trump over tariffs, saying that any notion of progress in the matter was as groundless as "trying to catch the wind," the AP reports. China's comments come after Trump said...

Trump Plans 100th Day Rally in Michigan

Rally follows tariff debates and meeting with state's governor

(Newser) - President Trump will hold a rally in Macomb County, Michigan, next Tuesday to celebrate his first 100 days in office, White House press secretary Karoline Leavitt announced Wednesday. This will be Trump's first big rally since his inauguration and his first visit to Michigan since winning the battleground...

States Ask Court to Declare Trump Tariffs Illegal

'The president does not have the power to raise taxes on a whim,' New York AG says

(Newser) - States opposed to President Trump's tariffs are taking the administration to court. A coalition of a dozen states, most of them led by Democrats, filed a lawsuit Wednesday asking a federal court to declare the tariffs illegal, CNBC reports. The lawsuit was filed in the US Court of International...

Bessent: Trade War With China Is Not 'Sustainable'

In private speech, Treasury chief says he expects 'de-escalation'

(Newser) - US Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown against China is unsustainable and expects a "de-escalation" in the trade war between the world's two largest economies.
  • But in a private speech in Washington for JPMorgan Chase, Bessent also cautioned that talks
...

IMF Warning: Tariffs Have 'Reset' the World Economy

Group forecasts slower growth in the US and around the globe

(Newser) - President Trump won't be a fan of a new warning issued Tuesday by the International Monetary Fund. The organization predicted that Trump's tariffs will slow economic growth around the world.
  • In its updated World Economic Outlook, the IMF revised global economic growth down to 2.8% for
...

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