Tag Archives: Tariff

EU pushes to secure lower U.S. car tariff from Aug 1  Reuters Trump Administration Live Updates: U.S. and E.U. Agree on Details of Trade Deal  The New York Times US to hold high tariffs on European cars until Brussels moves to cut tariffs on US goods  The Guardian U.S. and EU spell out tariffs for autos, pharmaceuticals, and more  CNBC U.S. and E.U. reach …

The Big Money Show panel discusses President Donald Trumps plan to remodel Jerome Powells Federal Reserve. The minutes of the Federal Reserve’s July meeting released on Wednesday showed that policymakers were more concerned about the risk of inflation from the impact of tariffs than the labor market as they debated interest rate policy. The Federal Open Market Committee (FOMC), the Fed …

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Sony hikes PlayStation 5 prices in US as tariff uncertainty weighs  Reuters PlayStation 5 price changes in the U.S.  PlayStation.Blog Sony will hike PS5 prices Thursday as a result of Trump’s trade war  Axios Video games are getting more expensive amid trade war  Politico The PlayStation 5 Is About to Get More Expensive  WIRED Source link

Topline Target posted another quarter of declining sales Wednesday, but not as steep as their first quarter sales drop, as the big box retailer struggles to recover after facing consumer backlash and tariff pressure—while Lowe’s beat expectations for earnings and sales as it reached a deal to acquire a construction materials supplier for professional builders. Big box retailers including Lowe’s, …

U.S. President Donald Trump presents a sweeping spending and tax legislation, known as the “One Big Beautiful Bill Act,” after he signed it, at the White House in Washington, D.C., U.S., July 4, 2025. Leah Millis | Reuters S&P Global said it expects “meaningful” federal government revenue from President Donald Trump‘s broad tariff policies to “generally offset weaker” revenue expected …

Facebook Tweet Email Link Hundreds of different goods just got a lot more expensive to import into the United States, now that President Donald Trump’s 50% tariff on steel and aluminum has kicked in. Butter knives, baby strollers, spray deodorants and fire extinguishers, considered “derivative” steel and aluminum products, were previously excluded from the 50% tariff, though they were still …

By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said he expects a big jump in revenues from sweeping tariffs imposed by President Donald Trump, and said the money would be used first to start paying down the federal debt, not to give rebate checks to Americans. Bessent, speaking in an interview on CNBC’s “Squawk Box,” said he expected …

The Dow Jones (DJIA) opened Tuesday’s trading session in positive territory after S&P Global (SPGI) affirmed its AA+ long-term credit rating on the U.S. The rating agency cited positive impacts from the Trump administration’s tariffs that will offset tax breaks and spending increases from The One Big Beautiful Bill. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% …

S&P affirms ‘AA+’ credit rating for US, cites impact of tariff revenue  Reuters S&P expects ‘meaningful tariff revenue’ to offset Trump tax bill impact, maintains U.S. credit rating  CNBC S&P affirms US credit rating as Trump tariffs boost government revenues  Financial Times S&P Affirms U.S. Credit Rating as Tariff Revenue Expected to Plug Fiscal Leaks  The Wall Street Journal S&P holds U.S. credit rating …