Trump delays tariffs on furniture, cabinets
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President Trump on Friday doubled down on his tariff agenda as the Supreme Court weighs its legality, suggesting that losing his ability to impose import taxes on trading partners “would be a
Wall Street Journal editor and Fox News contributor James Freeman predicted on Friday that the Supreme Court would do President Donald Trump a favor by striking down tariffs he's unilaterally implemented.
Tariffs impacted a sausage manufacturer, brewery, and several retail shops and specialty grocery stores in the area this year.
Mexico's sweeping new tariffs on imports from mostly Asian countries are set to take effect on Thursday, in a move that will largely align Mexico with the U.S. as the neighboring countries place significant barriers on Chinese imports.
The stock market could drop in 2026 as President Trump's tariffs and high valuations drag on investor sentiment.
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Trump defends 'overwhelming benefit' of tariffs ahead of SCOTUS ruling
The tariffs have attracted a wave of lawsuits, with some taking aim at his supposed statutory authority to impose them under the International Emergency Economic Powers Act (IEEPA).
The implication of Trump's tariffs in 2025 was sure to be large adverse effects on inflation, employment, and real income. Yet, the reality turned out not as bad as many economists expected.
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,