China's new beef tariff to affect Australia
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President Trump’s tariffs on Chinese imports, which reached 145% this year, made it prohibitively expensive to ship Busy Baby products into the U.S. from its factory in China. Busy Baby went out of stock for its most important products, leading to a devastating loss of revenue.
Since returning to the White House in January, President Trump has overturned decades of U.S. trade policy — building a wall of tariffs around what used to be a wide-open economy.
The Center for American Progress said the tariffs haven't been a Christmas gift for American business, more like a lump of coal.
Tariffs impacted a sausage manufacturer, brewery, and several retail shops and specialty grocery stores in the area this year.
Stephen Moore, the former White House economist who once called for President Trump to receive a Nobel prize, has changed his tune a bit.
Markets bracing for turbulence, with traders warning a ruling against tariffs could leave federal government on the hook for billions in repayments.
The new tariffs come against the backdrop of falling beef prices, which analysts link to oversupply and softening demand as the economy slows.
Large corporations like Costco, Revlon and Kawasaki Motors have filed suit against the U.S. government over its tariff policies. They say a surge in import duties disrupted the supply chain and forced price increases on raw materials, causing businesses to lose money.
States Newsroom reports on a historic year in Washington, marked by deportations, tariffs, court battles, and a record six-week government shutdown.
Last month, Mexico was the most popular export market for Chinese electric vehicles. The country imported 19,344 of them, which was a 2,367% increase compared to a year ago.
Its exports to the U.S. have surged since President Trump imposed new import duties on countries this year.
As Americans prepare to ring in 2026, the economic hangover from a year of aggressive trade policy is creating a distinctive “affordability crisis,” particularly in durable goods such as cars, furniture,