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News & Articles By Laura Harris
04/15/2025
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By Laura Harris
Trump imposes staggering 104% tariffs on all Chinese imports, escalating trade war
President Donald Trump announced a steep 104 percent tariff on all Chinese imports after China refused to reverse its own tariffs on U.S. goods, compounding earlier hikes. The total effective tariff burden on Chinese goods surged from 20.8 percent to nearly 125 percent. The latest hike includes a 34 percent reciprocal tariff plus a 50 […]
04/12/2025
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By Laura Harris
Trump to impose major tariffs on foreign-made pharmaceuticals
President Donald Trump plans to impose major tariffs on imported pharmaceuticals to push manufacturers to relocate production to the U.S., leveraging America’s dominant market share. The policy aims to incentivize companies to abandon China and other countries by penalizing foreign-made drugs, ultimately boosting domestic production. Trump framed the tariffs as critical for national interests, criticizing […]
04/06/2025
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By Laura Harris
Trump warns of harsher tariffs on Canada, EU if they try to harm U.S. economy
U.S. President Donald Trump warned Canada and the EU of “large scale” tariffs if they retaliate against his new 25 percent auto import tariffs, set to take effect April 2, citing “national security” concerns. Canada has already imposed retaliatory tariffs on $60 billion worth of U.S. goods, while the EU signaled potential further action. Trump […]
04/03/2025
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By Laura Harris
Trump floats tariff reduction for China to secure TikTok deal
President Donald Trump suggested lowering tariffs on Chinese goods as part of negotiations to facilitate ByteDance’s sale of TikTok, citing trade leverage. The April 5 deadline for TikTok’s forced sale may be extended again if negotiations progress, despite earlier urgency for a swift resolution. Trump remained noncommittal on whether ByteDance could retain partial ownership, stating […]
03/31/2025
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By Laura Harris
Trump Administration considers raising taxes on wealthiest Americans to fund tip wage tax cut
The Trump administration is considering letting tax rates for top earners revert to pre-2018 levels (from 37 percent back to 39.6 percent) to fund Trump’s proposal to eliminate taxes on tipped wages. Tax Cuts and Jobs Act of 2017, which lowered taxes for corporations and individuals, is set to expire in 2024. If not renewed, […]
03/30/2025
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By Laura Harris
Trump imposes 25% tariffs on auto imports
President Donald Trump announced 25 percent tariffs on all foreign-made cars and auto parts (excluding U.S.-built vehicles) to boost domestic manufacturing, effective April 3 (May 3 for key components like engines). Trump claims the policy will restore U.S. industrial independence, create jobs and generate $100 billion annually, criticizing reliance on cross-border supply chains. The tariffs […]
03/30/2025
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By Laura Harris
Trump imposes 25% tariff on nations buying Venezuelan oil
President Donald Trump announced a 25 percent “secondary tariff” on all U.S. imports from countries that buy Venezuelan oil or gas, set to take effect on April 2, Liberation Day in America. The order aims to cut off revenue for Venezuela’s government, which relies heavily on oil exports and indirectly pressures China, a major buyer […]
03/23/2025
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By Laura Harris
Toronto cuts financial incentives for Tesla vehicles used as taxis, ride shares amid U.S. trade tensions
Toronto has discontinued financial incentives for Tesla vehicles used as taxis or ride-sharing vehicles, effective March 1, 2024, due to escalating trade tensions between Canada and the U.S. Other EV brands will continue to receive incentives until 2029. The exclusion of Tesla is linked to broader trade disputes, particularly involving Tesla CEO Elon Musk’s alignment […]
03/10/2025
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By Laura Harris
TARIFF WAR LOOMS: Trump warns Trudeau of more tariffs following Canada’s retaliation
President Donald Trump’s 25 percent tariffs on Canadian imports have prompted Canada to impose reciprocal tariffs on U.S. goods, setting off a trade conflict between the two nations. Prime Minister Justin Trudeau directly addressed Trump, calling the tariffs “a very dumb thing to do,” and warned of potential market instability and job losses in the […]
03/09/2025
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By Laura Harris
Trump imposes new tariffs on agricultural imports
President Donald Trump announced tariffs on “external” agricultural products starting April 2 to protect domestic farmers and reducing the trade deficit in agriculture. The tariffs will target imported agricultural products such as fruit, vegetables, nuts and tropical goods, potentially affecting up to 65 percent of inbound crop shipments. These new tariffs could benefit U.S. domestic […]
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