But 13 Italian pasta companies are looking at a much steeper tax set to arrive in January 2026. In September, the Commerce Department put out a proposal to punish these companies for "dumping" product with a startlingly high tax of around 92%. Added to the standard EU tariff, that totals a 107% increase in price, likely enough to remove these products from the shelves entirely.
Consumers confidence in the economy was shaken in December as Americans grow anxious about high prices and the impact of President Donald Trump's sweeping tariffs. The Conference Board said Tuesday that its consumer confidence index fell 3.8 points to 89.1 in December from November's upwardly revised reading of 92.9. In April, when Trump rolled out his import taxes on U.S. trading partners, the reading was 85.7.
She shared a segment from her show on social media and wrote, If I had to summarize the first year of President Trump's second term in one word, it would be: dignity. From his foreign policy to his domestic policy to his immigration policy, the goal has been restoring the dignity of the forgotten working-class men & women of this country.
For Grandma: A tariff! Did they not want tariffs? That's what we got everyone. Sorry. For Uncle Greg: A TINY CAR!!! (We're making these now.) For Her: A photoshoot with Vanity Fair. Nothing says "glamour" like Vanity Fair. Usually. But sometimes the picture they take of you comes out looking like Dorian Gray's DMV photo-unflattering, but in a way that implies deep spiritual corruption. This gives a fun Russian-roulette aspect to the gift!
Congress is going to have to send those monies to those peoples, Hassett said, before shifting to tout the current economy. But the thing we can say is that since July we have had a lot of positive news about the economy. We've had a couple of quarters of almost 4% growth. We've got a big government surplus actually running for a few months in a row. The deficit relative to last year is down by $600 billion, Hassett said.
Earlier this week, Mexican lawmakers approved a 50% tariff on Chinese imports, including everything from shoes, microwaves to electric vehicles. The measure is set to take effect next year. China is the second-largest exporter to Mexico, just after the United States. Analysts say the move signals Mexico's interest in appeasing the U.S. at a moment when both countries are set to renegotiate their free trade agreement. President Claudia Sheinbaum denies this, saying it's intended to boost domestic manufacturing.
Never before has the CMO position been more complex-or more essential to driving business results. The mark of success for any chief marketing officer is their impact on the long-term trajectory of a beloved brand. So, what does that look like in a year as chaotic as 2025, where there's been on-again, off-again tariffs, massive holding company mergers, and the continued rise of AI across the board?
Stocks rose in morning trading on Wall Street Friday and further trimmed losses from earlier in the week for several major indexes.The S&P 500 jumped 0.8%, adding to gains made on Thursday.The Dow Jones Industrial Average rose 283 points, or 0.6%, as of 10:05 a.m. Eastern. The Nasdaq jumped 1% and is now on track for a weekly gain.Technology stocks with an focus on artificial intelligence once again led the market. Nvidia jumped 3.4% and Broadcom rose 2.4%.
The Center for American Progress, a progressive think tank, released a report on Tuesday that forecasted a $17,500 cost impact per new home as a result of the Trump Administration's tariff policy. The report used an analysis from the nonpartisan Urban-Brookings Tax Policy Center to make the forecast, based on a model that predicts a $27 billion annual construction tariff impact by 2030.
2025 was the year of tariffs and a global shift in economic power. Two words that largely define the economy right now: Global reordering. President Donald Trump's Tariffs have landed as a shock to global trade. This is 2025. Major economies are rewriting their playbooks, and alliances are being redrawn. From Africa's minerals boom to the global AI race, countries
The U.S. job market is sluggish and confusing this fall. American companies are mostly holding onto the employees they have. But they're reluctant to hire new ones as they struggle to assess how to use artificial intelligence and how to adjust to President Donald Trump's unpredictable policies, especially his double-digit taxes on imports from around the world. The uncertainty leaves jobseekers struggling to find work or even land interviews.
Despite the Trump administration's recent $12 billion bailout, a turbulent year is prompting some farmers to question their reliance on government assistance and programs. MARY LOUISE KELLY, HOST: Last week, the Trump administration announced 12 billion in relief for farmers impacted by tariffs. That is just one reason the year has been difficult for American farms. As NPR's Anusha Mathur reports, some farmers are lobbying for more support, others are losing faith that government is the solution.
It registered a marginal trade surplus of $153 million in September, following a $6.43 billion deficit in the prior month, Statistics Canada said. This was the first ever surplus that Canada has posted since U.S. President Donald Trump threatened and later imposed tariffs on critical sectors, which choked significant exports to the U.S., Canada's biggest trading partner. The bulk of the surplus was driven by a 44 per cent jump in Canada's trade surplus with the U.S., Statistics Canada data showed.
If Republicans are trying to do a solve,' what they should probably do is boost ACA subsidies for another couple years, but include a bunch of riders that transition it out and make room for larger HSAs. In other words, provide people some sort of glide path toward a new future, as opposed to a hard stop. Hard stops in American politics typically create massive political blowback, and 2026 looks like it's going to be pretty ugly for Republicans, anyway.
President Donald Trump's signature tariffs are being scrutinized by the Supreme Court after they were struck down by both the Court of International Trade and the Court of Appeals for the Federal Circuit. Many commentators believe a decision could come as soon as the end of the year, and the high court will not uphold the tariffs. But Trump claims that even if he loses, he has other ways to keep the tariffs in place,
Following his successful meeting with President Xi Jinping in South Korea, President Trump convinced President Xi to continue purchasing, or begin purchasing again, American soybeans, which is something China wasn't doing under the last administration because they had no respect for President Biden or for the country at the time. But now they know President Trump is not messing around. He's going to stand up for American farmers and American families.
Donald Trump's trade tariffs have failed to hold back China's export dominance, which scaled new heights in November. China's trade surplus the difference between the value of goods it imports and exports has hit $1 trillion for the first time, a significant yardstick in the country's role as factory of the world, making everything from socks and curtains to electric cars.
Data released on Monday shows that in the first 11 months of this year, China's trade surplus in goods was $1.076tn. The record trade surplus comes even as exports to the US have plummeted, a reflection of the bruising US-China trade war that, despite a recent cooling, has dampened the flow of goods between the world's two largest economies. Exports to the US plummeted by nearly a third in November.
