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Tariffs

Updates on President Trump’s tariffs on Canada, Mexico, China, Europe, and others, along with what tariffs do for consumers and how tariffs work.

Trump calls for 50% tariff on EU imports starting June 1

Trump calls for 50% tariff on EU imports starting June 1

President Trump called for a “straight 50%” tariff on all imports from the European Union after complaining on social media that trade talks are “going nowhere.”

May 23, 2025 8:20am CDT
Walmart to lay off 1,500 employees after announcing price hikes

Walmart to lay off 1,500 employees after announcing price hikes

Walmart is restructuring its operations and cutting about 1,500 jobs as part of its new plan.

May 22, 2025 6:26am CDT
General Motors is halting exports of vehicles to China

General Motors is halting exports of vehicles to China

GM says it is 'committed to continued development' in the Chinese market.

May 21, 2025 10:04am CDT
Home Depot vows to maintain prices despite tariff pressures hitting retail sector

Home Depot vows to maintain prices despite tariff pressures hitting retail sector

Other retailers like Walmart, Target and Best Buy have warned of potential price hikes.

May 20, 2025 11:51am CDT
Trump tells Walmart: ‘Eat the tariffs’

Trump tells Walmart: ‘Eat the tariffs’

President Trump lashed back at Walmart over the weekend after the retail giant said it would be increasing prices to combat his tariffs.

May 17, 2025 2:07pm CDT
Chinese imports to US plummet to lowest levels since COVID-19 pandemic amid Trump tariffs

Chinese imports to US plummet to lowest levels since COVID-19 pandemic amid Trump tariffs

Trade data shows record imports from other countries as duties on Chinese goods reach 145%.

May 15, 2025 1:22pm CDT
Walmart raising prices due to tariff costs: What we know

Walmart raising prices due to tariff costs: What we know

Walmart says it will raise prices to counter higher costs from President Donald Trump’s tariffs, despite strong quarterly sales.

May 15, 2025 11:17am CDT
Tariffs on the auto industry could impact car insurance rates

Tariffs on the auto industry could impact car insurance rates

If car parts are more expensive or take longer to import, cars will cost more money and take more time to repair.

May 15, 2025 10:39am CDT
Nissan increases job cuts to 20K by 2027

Nissan increases job cuts to 20K by 2027

The Japanese automaker aims to save $3.4 billion by 2027 amid financial losses and concerns over President Donald Trump's tariffs.

May 14, 2025 10:25am CDT
April CPI inflation report: Egg prices decline for first time in months

April CPI inflation report: Egg prices decline for first time in months

Eggs got cheaper in the U.S. last month after setting records at the start of the year, according to April's CPI inflation report. Here's how some other grocery items fared.

May 13, 2025 8:22am CDT
Trump trade deal shifts markets on Monday
video

Trump trade deal shifts markets on Monday

May 12, 2025 4:18pm CDT
US and China to lower tariffs for 90 days
video

US and China to lower tariffs for 90 days

May 12, 2025 8:25am CDT
US-China trade deal: Countries agree to slash tariffs, enact 90-day pause

US-China trade deal: Countries agree to slash tariffs, enact 90-day pause

U.S. and Chinese officials say they have reached a deal to slash most of their recent tariffs and called for a 90-day pause for ongoing negotiations. Here's what to know.

May 12, 2025 6:00am CDT
"Truth in Tariffs Act" would require stores to display cost of tariffs on items

"Truth in Tariffs Act" would require stores to display cost of tariffs on items

This proposed legislation will allow consumers to make informed decisions on the goods they purchase.

May 9, 2025 11:34am CDT
Trump suggests cutting tariffs on China to 80%

Trump suggests cutting tariffs on China to 80%

The president’s remarks come ahead of a meeting between U.S. officials and Chinese representatives this weekend.

May 9, 2025 9:22am CDT
Trump announces trade deal with UK, cuts tariffs on some goods

Trump announces trade deal with UK, cuts tariffs on some goods

President Donald Trump announced a trade deal between the United States and Britain that will lower tariffs on some goods.

May 8, 2025 1:43pm CDT
Fed rate and tariffs: Why interest is unchanged again, and what it means for you

Fed rate and tariffs: Why interest is unchanged again, and what it means for you

Despite the Trump administration’s push for a rate cut, The Fed announced Wednesday it’s holding steady – and the president’s tariffs were a big deciding factor.

May 7, 2025 1:10pm CDT
Trump, Carney quibble over buying Canada: ‘Never say never’

Trump, Carney quibble over buying Canada: ‘Never say never’

Tensions have been high between the U.S. and Canada, and the newly-elected prime minister visited the White House Tuesday after promising to “stand up" to President Trump.

May 6, 2025 11:50am CDT
Mattel plans toy price increases in US amid Trump's tariffs

Mattel plans toy price increases in US amid Trump's tariffs

The toy manufacturer believes that despite the tariffs some of their products will still be affordable for consumers.

May 6, 2025 10:12am CDT
Business owner facing steep tariffs tests whether people will pay for 'Made in USA'

Business owner facing steep tariffs tests whether people will pay for 'Made in USA'

A business offered customers a choice between a foreign-made product or the same item made in the U.S. at a much higher cost - and was overwhelmed by the results.

May 3, 2025 5:45pm CDT
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