Universal 10% tariffs take effect
Digest more
Top News
Impacts
USA TODAY |
President Trump announced new tariffs on imported goods, citing a "national emergency" caused by foreign trade practices.
The New York Times |
Economists’ estimates have been far more grim, with most predicting that the president’s sweeping tariffs and likely retaliation will slow U.S. economic growth, push up costs for consumers and make l...
Read more on News Digest
Canada hits U.S. auto imports with 25% reciprocal tariffs
Digest more
Top News
Overview
Impacts
UPI |
Prime Minister Mark Carney of Canada has announced reciprocal tariffs on U.S.-made vehicles as President Donald Trump 's sweeping tariffs went into effect, sending shockwaves through the global financ...
U.S. News & World Report |
President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what other assess as trade penalties on American goods.
Reuters |
U.S. President Donald Trump imposed a series of sweeping tariffs on countries around the world that could drastically alter the landscape of global trade, and consumer goods like iPhones could be amon...
Read more on News Digest
Some might think Canada has sidestepped a widely predicted recession after it dodged Donald Trump’s reciprocal tariff bullet on Wednesday, but economists are still warning an economic contraction this year remains in the cards.
The price tag for Apple’s iPhones may increase by more than 40% after President Donald Trump announced sweeping reciprocal tariffs on U.S. trade partners, analysts said Thursday, as Trump’s trade policies will likely increase prices across several imported goods, including new cars, coffee, chocolate and other products.
President Donald Trump announced new tariffs, imposing a 10% baseline tax on most imports, with increased rates for nations with trade surpluses. Notable exceptions include Canada and Mexico due to existing agreements.
Derek Burleton, Deputy Chief Economist, TD, looks at the potential impact for Canada’s economy, interest rates and the future of global trade.
Explore more
Carney said the tariff’s will target all vehicles that are not compliant with the US-Mexico-Canada trade deals.
U.S. President Donald Trump smashed a more than 75-year-old global trading system with a new baseline 10% U.S. tariff on goods from all countries and higher reciprocal tariff rates for countries that his administration says have high barriers to U.
Because of the back-and-forth nature of President Donald Trump's trade policy thus far, investors aren't expecting reciprocal tariffs as tough as originally promised. However, economists warn there's a potential for a surprise.
With President Donald Trump's tariffs taking effect soon, state officials have differing opinions on the outcomes and implications Iowans will face.