Topline President Donald Trump on Friday threatened to impose “massive” tariffs on China after Chinese officials unveiled broader trade restrictions on rare earth minerals, deepening a trade rift with the U.S. ahead of expected talks between Trump and Chinese President Xi Jinping later this month. Trump will hold talks with Chinese President Xi Jinping later…
The last year has been good for automobile sales. Although looming tariffs and current tax credits tell the story of the past year, actual tariffs foretell lower sales in the coming year. The 12 months ending September 2025 saw five percent more cars and light trucks sold than in the preceding 12 months. Prices rose…
French wines like these and other imported wines are subject to tariffs 90.77% of the time. (Photo by: Deb Cohn-Orbach/UCG/Universal Images Group via Getty Images) UCG/Universal Images Group via Getty Images If you bought a nice, imported bottle of wine recently, there’s a better than 90% chance it entered the United States only after paying…
LONG BEACH, CALIFORNIA -Semi truck drivers arrive to pickup and deliver products at the Port of Long Beach Getty Images “If you change the way you look at things, the things you look at change.” That quote from Dr Wayne Dyer might sound more at home in a mindfulness book than a boardroom. But in…
Mexico dominates U.S. imports of heavy-duty trucks, accounting for 82.31% of the total this year. The United States also has its second-largest deficit with Mexico. ustradenumbers.com Add heavy trucks and pharmaceuticals to the long list of imports President Trump has targeted for tariffs in his quixotic battle to rid the nation of its $1 trillion…
TURNBERRY, SCOTLAND – JULY 27: U.S. President Donald Trump shakes hands with President of the European Commission Ursula von der Leyen as he announces a trade deal with the EU at Trump Turnberry golf club on July 27, 2025 in Turnberry, Scotland. (Photo by Andrew Harnik/Getty Images) Getty Images In 2024, the European Union passed…
“Imposing Section 232 tariffs on medicines would worsen shortages, drive up prices, and leave patients with fewer options,” writes Pipes. getty The Trump administration is considering massive “Section 232” tariffs on imported medicines from key U.S. allies, including the European Union, the United Kingdom, Switzerland, Japan, and South Korea. While tariffs on some countries, such…
President Trump looks on in November of 2017 at his announcement of Jerome Pwowell to be the Chairman of the Federal Reserve. This year, he has been pressuring Powell to cut interest rates, belittled him and threatened to fire him. (Photo by Drew Angerer) Getty Images Federal Reserve Chairman Jerome Powell signaled Friday that the…
Topline Sony said it would raise the prices for its PlayStation gaming consoles amid President Donald Trump’s tariffs, the latest gaming industry price hike after Nintendo and Microsoft made similar increases to the costs of their Switch and Xbox consoles. Sony hiked prices for its PlayStation 5 consoles amid President Donald Trump’s tariffs. (Photo by…
Topline President Donald Trump announced Wednesday a 100% tariff on chips and semiconductors, saying companies like Apple would receive exemptions for producing goods in the U.S. Trump made the announcement Wednesday. (Photo by Win McNamee/Getty Images) Getty Images Key Facts Trump said the 100% tariff on all chips and semiconductors being exported to the U.S….