trade war

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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...

China Bars 2 US Citizens From Leaving Country

Commerce Department employee was questioned about his military service

(Newser) - Two American citizens—a US Department of Commerce employee and a Wells Fargo banker—have been barred from leaving China, highlighting rising tensions and mounting risks for foreigners as Washington and Beijing edge toward a critical trade deadline. The State Department says a US Patent and Trademark Office employee...

Amid Economic Uncertainty, the 'Rise of Strategic Travel'

Rising costs drive Americans to shorter trips, local staycations for summer break

(Newser) - Americans are hitting pause on lavish summer getaways, with many opting for shorter, closer-to-home trips as economic uncertainty weighs on household budgets. Recent data from Bank of America shows fewer families are booking flights and hotel accommodations compared to last year, while Labor Department figures reveal that the number...

You May Want to Stock Up on New Sneakers Now
You May Want to Stock Up
on New Sneakers Now
in case you missed it
Jul 19, 2025 12:30 PM CDT

You May Want to Stock Up on New Sneakers Now

It's a 'chilling environment' in footwear industry as Trump's tariffs are set to hit exporting nations hard

(Newser) - President Trump is in the midst of another tariffs frenzy this month , with the footwear industry in particular expressing concern over what happens next. The upshot, per Axios : "You may pay a lot more for your next few pairs of shoes." The outlet notes that most shoes imported...

Indonesia Confirms Deal, Flags Trump's Negotiating Prowess

Indonesia is 'going to pay 19% and we are going to pay nothing,' Trump said

(Newser) - Indonesia's president on Wednesday confirmed what President Trump announced Tuesday: that a trade deal has been reached between the two countries. The New York Times quotes Prabowo Subianto as calling Trump "quite a tough negotiator"; indeed, a rep for Prabowo told Reuters the deal came as the result...

College Grads Find the Current Job Market 'Stings'

It's the toughest job market for young adults in more than a decade; AI may be playing a role

(Newser) - While completing a master's degree in data analysis, Palwasha Zahid moved from Dallas to a town near Silicon Valley. Zahid, 25, completed her studies in December, but so far she hasn't found a job in the industry that surrounds her. "It stings a little bit," she...

US Stocks Push Further Into Record Territory
US Stocks Push Further
Into Record Territory
MARKETS
Jun 30, 2025 3:45 PM CDT

US Stocks Push Further Into Record Territory

It's a second straight winning month, with the S&P 500, Nasdaq, Dow Jones all logging gains

(Newser) - The US stock market added to its record as Wall Street closed out a second straight winning month. The S&P 500 rose 0.5% on Monday in its first trading, after completing a stunning rebound from its springtime sell-off of roughly 20%, per the AP . The Dow Jones Industrial...

China Sees $500B Trade Surplus by Redirecting Exports

It's sending goods to Southeast Asia, Europe, Latin America instead of to the US amid steep tariffs

(Newser) - China is once again shaking up global trade, but this time the disruption isn't hitting the United States directly. After being squeezed by President Trump's tariffs, Chinese factories are redirecting exports—everything from toys to electric vehicles—to markets in Southeast Asia, Europe, and Latin America. The...

Americans Put the Brakes on Their Spending Spree

Consumers turn cautious and retail sales slide after a spring binge to beat tariffs

(Newser) - Retail sales fell sharply in May as consumers pulled back from a spending surge earlier this year to get ahead of President Trump's sweeping tariffs on nearly all imports. Sales at retail stores and restaurants dropped 0.9% in May, the Commerce Department said Tuesday, after a decline of...

Latest Hit From Trump's Trade War: Household Appliances

A range of products will see expanded steel tariffs later this month; consumers may pay for it

(Newser) - If you've been putting off buying a new dishwasher, fridge, or washing machine to try to wait out the Trump administration's tariffs blitz, you may be waiting a little longer. On Thursday, the Commerce Department put up a notice that a range of household appliances will be hit...

World Bank Sees US Growth Being Cut in Half

Lender blames the effects of tariffs

(Newser) - The World Bank forecast on Tuesday that President Trump's trade wars are expected to slash economic growth this year in the United States and around the world, per the AP . Citing "a substantial rise in trade barriers'' but without mentioning Trump by name, the 189-country lender predicted...

Trump's Punishing Steel, Aluminum Tariffs Kick In
Trump's Punishing
Steel, Aluminum
Tariffs Kick In
the rundown
Jun 4, 2025 7:53 AM CDT

Trump's Punishing Steel, Aluminum Tariffs Kick In

President announced jump from 25% to 50% on Friday

(Newser) - Steel and aluminum imports into the US just got hit with a heavy blow, with President Trump doubling tariffs to 50% at 12:01am Wednesday and challenging America's trading partners to strike last-minute deals or face stiffer penalties in July. The heightened duties, which CNN reports were announced...

Consumers Hedge on Shopping, but Not Here

Dollar General posts record sales amid tariffs; its stock rises, as does Dollar Tree's

(Newser) - Dollar General set a quarterly sales record and upgraded its annual profit and sales outlook as Americans tighten their budgets and spend more at bargain stores amid economic uncertainty. The US economy shrank at a 0.2% annual pace from January through March, the first drop in three years, as...

Amid Tariffs, Wedding Vendors 'Are Shaking in Their Boots'

The industry is taking a hit, with rising prices for cake, flowers, attire as Trump trade war rages on

(Newser) - Krista Vasquez had her heart set on getting married in a body-hugging, halter-style gown from Spain. In April, the Atlanta paramedic learned her dream dress would cost nearly $300 more due to new US tariffs on imported goods. After finding that other dresses from Europe came with tariff-driven price increases...

Trump Tries to Ease Workers' Minds on Nippon-US Steel Deal

President says US Steel will 'stay an American company,' vows to double steel tariffs to 50%

(Newser) - President Trump on Friday told Pennsylvania steelworkers he's doubling the tariff on steel imports to 50% to protect their industry, a dramatic increase that could further push up prices for a metal used to make housing, autos, and other goods. In a post later on his Truth Social platform,...

Trade Court Throws Out Tariffs, Ruling Trump Lacks Authority

Three-judge panel doesn't buy national emergency argument

(Newser) - President Trump does not have the authority to impose broad tariffs on imports, a federal court ruled Wednesday, rejecting the argument that the 1977 International Emergency Economic Powers Act gives him that power. The US Court of International Trade had been asked to issue an injunction in the case involving...

Vietnam, Under Tariff Pressure, OKs $1.5B Trump Development

Family company is also exploring building a skyscraper in Ho Chi Minh City

(Newser) - Just before beginning negotiations to avert President Trump's imposition of a 46% tariff, Vietnam has approved a $1.5 billion plan by the Trump Organization to build golf courses, hotels, and other projects there. The US trade deficit with Vietnam hit $123 billion in 2024, partly driven by imports...

Consumer Sentiment Near an All-Time Low

New index defies predictions that sentiment would rise in May

(Newser) - Americans appear to be growing more anxious about the economy, with consumer sentiment dropping for the fifth straight month to reach a three-year low. Details:
  • A closely watched index out of the University of Michigan fell to 50.8 in May, down roughly 3% from April's 52.2.
...

Walmart: We're Raising Prices Over Tariffs

Retail giant says consumers will soon see the increases

(Newser) - President Trump's tariffs are just "too high," according to Walmart, which says it will raise prices, including on some food items, in response. Walmart CEO Doug McMillon said Thursday that tariffs on China are pushing up the costs of electronics and toys, while tariffs on Costa Rica,...

Carney: Trump Is 'Willing to Negotiate'

Trump says meeting with Canadian PM was 'great'

(Newser) - President Trump complained once again about the US "subsidizing" Canada in a Truth Social post before his meeting with Prime Minister Mark Carney on Tuesday—but both men sounded upbeat about US-Canada relations after the meeting. At a press conference at the Canadian embassy, Carney said that after "...

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