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The Supreme Court on Friday struck down a crucial batch of President Trump’s tariffs – but there are still plenty of high levies on certain industries that will stay in place. Tariffs imposed under the International Emergency Economic Powers Act (IEEPA) to crack down on trade imbalances and fentanyl smuggling surpassed Trump’s presidential authority, the […]
Small business owners like Melkon Khosrovian, the owner of Greenbar Distillery in Los Angeles, are taking a wait-and-see approach after the Supreme Court rejected President Donald Trump’s main tariffs on Friday. And after a punishing year that saw steep levies dent their bottom line, many aren’t expecting rebate checks yet. “We’re not that confident we’re […]
The Supreme Court’s lack of a ruling on the legality of President Trump’s sweeping tariff regime on Tuesday means the case won’t get resolved until at least next month. The closely watched case on whether it’s constitutional for Trump to issue painful tariffs under the 1977 International Emergency Economic Powers Act remained at a standstill […]
Shares in home furnishing retailers jumped Friday after President Trump announced a one-year pause on higher tariffs on upholstered furniture, kitchen cabinets and vanities. Luxury furniture retailer RH rose 9.5% and online retailer Wayfair jumped 6.3%. Stock for Williams-Sonoma, which sells kitchenware and home decor, increased 5.3%. President Trump unveiling his tariffs based on the […]
The Wall Street Bull statue covered in snow on Nov. 15, 2018. Erik Mcgregor | Lightrocket | Getty Images Wall Street expected U.S. mergers and acquisitions to roar back in 2025. The reality was something closer to fits and starts. Following the election of President Donald Trump more than a year ago, executives and bankers […]
With new tariffs threatening to raise prices on Italian imports, American pasta makers — from century-old brands to modern innovators — are ready to fill the gap with U.S.-made alternatives. “New U.S. tariffs will raise prices on imported Italian goods, especially pasta, olive oil and cheeses,” said Kyle Taylor, an Atlanta chef and the founder of He […]
U.S. President Donald Trump gestures during an announcement from the State Dining Room at the White House in Washington, D.C., U.S., Oct. 23, 2025. Jonathan Ernst | Reuters President Donald Trump on Friday exempted key agricultural imports like coffee, cocoa, bananas and certain beef products from his higher tariff rates. The move comes as Trump faces political blowback for […]
A customer shops for Halloween candy at a Walmart Supercenter on October 16, 2024 in Austin, Texas. Brandon Bell | Getty Images The scariest thing haunting Halloween this year isn’t a ghost, goblin or ghoul — it’s the price of chocolate. From Snickers to Reese’s to Twix, one of America’s favorite indulgences is getting more […]
A shipping company says it got hit with a surprise $34 million annual tariff bill due to the Trump administration’s recent change in how it classifies freighters. Atlantic Container Line, a major shipping firm that specializes in transatlantic cargo transport, is warning that the steep fees could force it to halt all of its US-linked […]
A worker at Ford’s Kentucky Truck Plant on April 30, 2025. Michael Wayland | CNBC DETROIT — “A lot of cost and a lot of chaos.” That’s how Ford Motor CEO Jim Farley described the state of the automotive industry earlier this year amid geopolitical tensions, tariffs, inflation and other disruptions. All those factors created […]
