tariffs

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Grocery Costs Keep Climbing as Trump Claims Prices Are Falling

Tariffs, labor shortages, and supply strains keep food costs elevated

(Newser) - A year into President Trump's second term, the grocery checkout line is telling a very different story than the one coming from the White House. While Trump told a Detroit crowd this week that "grocery prices are starting to go rapidly down," federal data released the same...

China's Trade Surplus Rewrites the Record Books
China's Trade Surplus
Rewrites the Record Books
the rundown
Jan 14, 2026 8:34 AM CST

China's Trade Surplus Rewrites the Record Books

Figure hit $1.19T in 2025

(Newser) - China just logged a trade gap so big it rewrites the record books: a $1.19 trillion surplus in 2025, the largest ever reported even after adjusting for inflation. Beijing's customs agency said the surplus—the difference between what China sells abroad and what it buys—jumped 20% from...

Trump to Iran Protesters: 'Help Is On Its Way!'

Rights group puts the death toll at above 2K, another report suggests it's at least 12K

(Newser) - The estimates of the number of protesters killed in Iran continue to grow quickly. The US-based Human Rights Activists News Agency said Tuesday that more than 2,000 protesters have died since demonstrations started in the final week of December, reports the Washington Post . The UK government has the same...

Trump: Will Be a 'Complete Mess' if SCOTUS Nixes Tariffs

US will be 'screwed' if such a decision is handed down, president warns

(Newser) - President Trump is warning of economic chaos if the Supreme Court wipes out his signature global tariffs, with a decision expected as early as Wednesday. In a social media post , the president noted "WE'RE SCREWED" if the justices rule against him, arguing that undoing the duties would trigger...

SCOTUS Weighs Trump Tariffs in High-Stakes Decision

Justices to consider emergency powers, possible refunds to importers

(Newser) - The Supreme Court could reshuffle a big chunk of US trade policy as soon as Friday. The justices are expected to rule on whether the White House legally used the International Emergency Economic Powers Act, or IEEPA, to impose hundreds of billions of dollars in tariffs—measures the administration partly...

US Trade Gap Takes a Steep Downward Turn

To its lowest level since 2009, as gold exports surge, pharmaceutical imports plunge amid tariffs

(Newser) - Traders weren't the only ones caught off guard by October's trade numbers. The US trade gap dropped to $29.4 billion in October, its smallest reading since 2009 and about half what Wall Street economists had penciled in, per the Wall Street Journal . Imports fell to $331.4...

Trump's Tariffs Could Wipe Italian Pasta Off US Shelves
US Softens Proposed
Tariffs on Italian Pasta
UPDATED
Jan 1, 2026 12:37 PM CST

US Softens Proposed Tariffs on Italian Pasta

Italy says antidumping tariff has been cut sharply

(Newser) - Americans won't have to worry too much about Italian pasta disappearing from store shelves this year, Italian authorities say. The country's foreign ministry says proposed US tariffs on the country's biggest pasta makers have been slashed, reports Reuters . A 92% antidumping duty that would have been added...

Trump Punts on Some Tariffs
Trump Punts on Some Tariffs
Jan 1, 2026 9:00 AM CST

Trump Punts on Some Tariffs

Furniture, cabinet tariffs will hold at 25%

(Newser) - Shoppers eyeing a new sofa or kitchen redo just dodged a bigger hit to their wallets. President Trump has postponed for a year planned tariff hikes on upholstered furniture, kitchen cabinets, and bathroom vanities, according to a New Year's Eve White House statement . Cabinet and vanity tariffs had been...

Trump Now Has 14 Drug Manufacturers on His Side

9 more inked price deals, the president announced Friday

(Newser) - President Trump doubled down on his "affordability" narrative by unveiling his biggest batch yet of drug-pricing deals—even as questions loom about how much they'll actually shave off Americans' pharmacy bills. At the White House on Friday, Trump announced agreements with nine major pharmaceutical companies—Amgen, Boehringer Ingelheim,...

It's Not the Tariffs Paying Trump's Troops Bonus

Administration is tapping $2.6 billion approved by Congress for military housing aid

(Newser) - The funding for that Christmas bonus President Trump promised troops in his speech Wednesday night isn't exactly as advertised. Trump indicated revenue from the tariffs he's imposed on goods coming into the US mostly would cover the $1,776 checks, which he called a "warrior dividend."...

General Mills' Earnings Sound Warning on the Economy

Consumer shift to cheaper store brands underscores widening economic strain

(Newser) - General Mills just delivered an earnings report that doubles as a caution flag for the broader US economy, reports Quartz . The food giant behind Cheerios and Nature Valley said organic net sales slipped 1% in its latest quarter, while adjusted operating profit tumbled 20% across its key North American unit....

Unemployment Now at Highest Level Since 2021

It hovers at 4.6%; meanwhile, 64K jobs were gained in November, but 105K were lost in October

(Newser) - The United States gained a decent 64,000 jobs in November, but it lost 105,000 in October as federal workers departed after cutbacks by the Trump administration, the government said in delayed reports. The unemployment rate rose to 4.6%, the highest level since 2021, per the AP . Both...

White House Press Briefing Gets Heated

CNN's Kaitlan Collins presses Karoline Leavitt on inflation, economy claims

(Newser) - A question about Christmas toys set off the latest skirmish between the Trump White House and CNN's Kaitlan Collins. During Thursday's briefing, press secretary Karoline Leavitt was pressed on why President Trump recently told parents to buy fewer toys for their children if, as he claims, the economy...

Canadian Province Has a Plan for Its Leftover US Booze

All profits from its lingering stock will go to charity

(Newser) - Prince Edward Island's last stash of American booze is about to hit store shelves—for a good cause. PEI was one of a number of Canadian provinces that responded to President Trump's tariffs by ceasing sales of US alcohol. Now, the provincial government has ordered the PEI Liquor...

Amid Data Blackout, Fed Is Set to Cut Rates Again

It will be the third rate cut this year, carried out during a slowing job market

(Newser) - The Federal Reserve is widely expected to cut interest rates on Wednesday for the third time in 2025, with market watchers predicting a modest reduction of 0.25%, reports NBC News . The AP notes that such a move would bring the Fed's key rate down to about 3.6%,...

Trump Unveils $12B Aid Package for Farmers
Trump Announces
$12B Farm Bailout
Dec 8, 2025 6:30 PM CST

Trump Announces $12B Farm Bailout

It's been a rough year for American farmers

(Newser) - President Trump announced a $12 billion bailout for US farmers on Monday, aiming to soften the blow from his own tariffs and a tough year in agriculture. The relief includes $11 billion in direct payments through the Farmer Bridge Assistance program, with another $1 billion set aside for other commodities,...

China's Economy Just Did What No Economy Has Done

Its trade surplus now exceeds $1T

(Newser) - China just registered an unprecedented economic milestone: Its trade surplus has risen above $1 trillion—a first for any country, reports the Wall Street Journal . New data from China's customs agency shows exports rose 5.4% to $3.4 trillion in the first 11 months of the year, while...

Costco Demands Tariff Refund, Takes Trump Team to Court

Retail giant claims White House has no authority to collect tariffs

(Newser) - Costco is taking the Trump administration to court, demanding a refund for tariffs it calls illegal, NBC News reports. In a lawsuit filed with the Court of International Trade, the retail giant argues that President Trump's tariffs—imposed under the International Emergency Economic Powers Act (IEEPA)—were not authorized...

Trump: I Want $2K Tariff Checks Out Next Year

Plan would require approval of Congress and could cost $200B

(Newser) - President Trump said Monday that Americans could see $2,000 tariff dividend checks as soon as mid-2026, putting a timeline on a proposal he has floated several times this year. The president said the payments would go to individuals with moderate incomes, but the plan would require congressional approval—an...

Trump's Push Against EVs May Be Making All Cars Cost More

Industry frustrations bubble up amid ever-changing regulations among administrations

(Newser) - President Trump's campaign against electric vehicles and his broader rollback of environmental regulations may be hitting American drivers in the wallet, not just the automakers he's targeting. The average price of a new car exceeded $50,000 for the first time in September, and many experts in the...

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