tariffs

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After 'Disastrous' Phone Call, Trump Hit Swiss With Big Tariff

Critics call leader's call with president the country's biggest defeat since 1515

(Newser) - Switzerland is reeling after President Trump slapped a surprise 39% tariff on its exports, rattling markets and sparking political fallout. The move hit Swiss luxury goods, machinery, and pharmaceuticals—sectors that depend heavily on access to the US market, the Guardian reports. The tariffs, announced early Friday local time,...

India to Keep Buying Oil From Russia After Trump's Threats

Foreign Ministry declines to consider a third nation's views

(Newser) - India has indicated it will continue to buy oil from Russia despite threats by President Trump. The country's relationship with Russia is "steady and time-tested," a foreign ministry spokesman said Friday, and should not be seen through the prism of a third country. Randhir Jaiswal said India'...

Ford Teases a 'Model T Moment' for New EV Vehicle

CEO Farley says a big reveal is coming later this month

(Newser) - It's about as big a boast as Ford can make: "This is a Model T moment for us," CEO Jim Farley told reporters on an earnings call this week, referring to an upcoming announcement on electric vehicles, reports Inside EVs . Farley said the automaker will unveil...

Mark Carney Says Canada Is Disappointed

Doug Ford urges government to hit back against Trump's 35% tariff

(Newser) - Canada is "disappointed" by President Trump's decision to slap a 35% tariff on imports from the country, one of America's largest trading partners, Prime Minister Mark Carney said in a statement early Friday. Trump cited Canada's "lack of cooperation in stemming the flood of fentanyl...

Markets Poised to Sink Over New Tariffs

Dow futures are down 400 points

(Newser) - With the deadline for President Trump's new tariffs here , investors are busy digesting the details—and they don't seem too happy. The Dow is on track to open down 400 points, or about 1%, while the benchmark S&P 500 and the tech-focused Nasdaq are down similar percentages,...

In One Way, Tariffs Gave Apple an Unexpected Boost

iPhone sales surged as people rushed to buy them ahead of feared price hikes

(Newser) - Apple's iPhone sales surged past expectations last quarter, and the Wall Street Journal sees an unexpected reason for the bump: US shoppers rushed to buy new phones because they feared tariffs would drive up prices. Sales of iPhones rose more than 13% and revenue overall grew 10%, which...

Trump Signs New Tariff Plan While Extending Deadline

Rates change, but Canada sticks with 35%

(Newser) - Hours before the midnight deadline he imposed on himself, President Trump signed a new executive order Thursday evening imposing tariffs on dozens of US trading partners. The plan confirms some previously announced provisions while changing other parts, including the deadline: The tariffs apparently take effect at 12:01am Aug. 7,...

Federal Judges Question Trump's Tariff Powers Claim

'Tariffs seems to have no friends in that statute,' appeals court judge says of law Trump is using

(Newser) - A federal appeals court showed clear doubts Thursday about the Trump administration's claim to sweeping tariff powers under the International Emergency Economic Powers Act—a law that, notably, never mentions tariffs. The Justice Department contends President Trump can use the statute to levy broad new taxes on imports,...

Trump Pushes Back Deadline for Mexico Deal

He says call with Sheinbaum was 'very successful'

(Newser) - The United States will enter a 90-day negotiating period with Mexico over trade as 25% tariff rates stay in place, President Trump said Thursday. In a post on Truth Social Thursday, the president said a phone conversation he had with Mexican leader Claudia Sheinbaum was "very successful in that,...

Trump Threatens Canada Trade Deal Over Palestine Statehood

With tariffs set to go into effect Friday, president says Carney's support of statehood is problematic

(Newser) - President Trump is tossing cold water on hopes for a new US-Canada trade deal, just as a deadline looms for higher American tariffs. At issue, per the Washington Post : Canada's decision to back Palestinian statehood at the United Nations this September, provided the Palestinian Authority meets certain conditions,...

Copper Futures Plummet After Trump 'Backflip'

50% tariff targets finished copper goods but spares raw materials

(Newser) - Copper futures in the US took a historic dive Wednesday, plunging nearly 20% in late trading after President Trump announced a 50% tariff —not on raw copper, but on finished copper products. The move marked another episode of market volatility linked to shifting trade policies from the White...

Ontario Officially Cancels $100M Starlink Deal

Rural broadband plan scrapped as Canada–US trade tensions rise

(Newser) - Ontario has pulled the plug on a $100 million contract with Elon Musk's Starlink, dropping plans to bring high-speed satellite internet to 15,000 homes in remote parts of the province. The move, confirmed Wednesday by Ontario Energy and Mines Minister Stephen Lecce, comes as the province makes...

As Deadline Nears, Trump Notches Another Trade Deal

President says South Korea will be subject to a 15% tariff

(Newser) - With his Aug. 1 deadline rapidly approaching, President Trump announced another trade deal on Wednesday. In a post on Truth Socia l, the president said the US has "agreed to a Full and Complete Trade Deal" with South Korea. The agreement will impose a 15% tariff, instead of the...

Brazil's President: Trump Will Get No 'Subservience' From Me

Luiz Inacio Lula da Silva calls out disrespect in tariff threats, warns of retaliation

(Newser) - Brazil's leader is pushing back hard against President Trump's tariff threats, vowing his country won't be bullied or negotiate "as if it were a small country up against a big country." In his first New York Times interview in 13 years, President Luiz Inacio...

Hawley Wants to Dole Out $600 Tariff Rebates

GOP Sen. Josh Hawley introduces legislation

(Newser) - Many Americans would get a $600 check this year from the federal government if legislation introduced by GOP Sen. Josh Hawley goes through. The Missouri senator is pitching the idea of rebates from President Trump's tariffs, reports the Hill . Hawley put forth his plan after Trump himself said he...

Big Takeaways From the US-EU Deal
Big Takeaways From
the US-EU Deal
Jul 28, 2025 8:52 AM CDT

Big Takeaways From the US-EU Deal

Many details still to come, but both sides seem happy to avoid a trade war

(Newser) - President Trump struck a trade deal with the European Union over the weekend, and a BBC analysis suggests both sides can plausibly claim a victory. But the primary takeaway from coverage is that the deal at the very least avoids what could have been a long and bruising trade war:...

Someone Isn't Happy With Vladimir Putin

Trump says he's 'very disappointed' in Russian leader, will move up ceasefire deadline

(Newser) - Two weeks ago, President Trump set a 50-day deadline for Russian President Vladimir Putin to reach a ceasefire with Ukraine, threatening to slap 100% secondary tariffs on Russian trading partners if a deal wasn't reached. But now, he's tired of waiting . While meeting with British Prime Minister Keir...

Trump Announces Outline of a Trade Deal With EU

Agreement sets 15% tariff, half of what president had said would begin Aug. 1

(Newser) - The US has reached the outline of a trade deal with the European Union, President Trump announced Sunday in Scotland, that includes a 15% tariff on American imports—half the hit he had said would go into effect on Aug. 1. The deal halts, at least for now, the months...

Not All Canadians Have Forsaken Americans
Viral Ad in Canada
Wants Us to 'Hug It Out'
VIDEO
Jul 24, 2025 7:25 AM CDT

Viral Ad in Canada Wants Us to 'Hug It Out'

Campaign out of Quebec aims to let US tourists know they're more than welcome to visit

(Newser) - "Why is there a hug in a Canadian travel ad, and why has it gone viral?" Those are the questions recently posed by a BBC reporter about a new promo out of Quebec that gives a glimmer of hope for strained US-Canadian relations . Afar.com reports that our northern...

Trump Announces Trade Deal With Japan

He says tariff will be reduced from 25% to 15%

(Newser) - President Trump announced a trade framework with Japan on Tuesday, placing a 15% tax on goods imported from that nation. "This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it," Trump posted on Truth Social , adding that the United States "...

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