The U.S. trade gap narrowed in June, government data showed Tuesday, as imports pulled back more than exports while businesses grappled with President Donald Trump’s tariffs on allies and competitors alike. The overall trade deficit in the world’s biggest economy narrowed by 16% to $60.2 billion, down from a revised $71.7 billion figure in May, … Read More

President Trump’s extensive tariffs have already started to generate a significant amount of money for the federal government, a new source of revenue for a heavily indebted nation that American policymakers may start to rely on. Over time, analysts expect that the tariffs, if left in place, could be worth more than $2 trillion in … Read More

Bilateral deals with major trading partners have rolled in over the last week. The average effective tariff rate on imports to the US sits at its highest level in nearly a century. Tariff revenue is soaring. Financial markets have settled, and stocks have bounced consistently around record highs in recent weeks. Predictions of soaring inflation … Read More

The US president, Donald Trump, has signed an executive order imposing “reciprocal” tariffs ranging from 10% to 41% on imports from dozens of countries and foreign locations, shortly after extending the deadline for a tariff deal with Mexico by another 90 days. The order listed higher import duty rates that would start from 7 August … Read More

President Donald Trump signed executive orders on Thursday evening to impose tariffs of between 15 and 41 percent on goods shipped to the U.S. from more than 67 countries, ratcheting up tariffs to the highest levels in more than a century. The new duties, however, won’t go into effect until Aug. 7 — giving countries … Read More

For now, most are stockpiling products in the US and tweaking prices while considering contingency plans for partial reshoring rather than shutting down their EU production lines. Ahead of the tariffs going into force on Friday, we have compiled a list of all-American products that are entirely made in the EU and will be subject … Read More

With the threat of tariffs looming over American consumers, it’s natural to worry about what will happen to grocery prices on everyday staples. While the U.S. imports a tremendous amount of goods from alcohol to fresh fruit and vegetables, the country also produces a significant amount of top-quality produce, meat, seafood, and much more. If … Read More

MKC makes its knives in the U.S., but must rely on imported steel. Smith would prefer to buy American-made steel, but New York–based Crucible Industries — the country’s last major steelmaker — declared bankruptcy in December. It was later bought for $17.3 million by French company Erasteel. “Every other material we use is sourced in … Read More

This move now ensures that goods from all over the world are no longer able to enter the U.S. market duty-free and without inspection under the $800 threshold. Closing de minimis means that commercial shipments from overseas vendors must enter the United States through standard customs procedures, submit full import documentation, and pay applicable duties … Read More

Prices on a wide array of European consumer products are set to rise beginning Aug. 1, now that a EU-U.S. trade deal is in place, including a 15% tariff duty on EU exports to the United States. From food to fashion, watches to wine and autos to appliances, few product categories are spared. On the … Read More