Trump's approach to trade with China has been a bit of a rollercoaster. He's been trying to use tariffs to get China to cut down on exports to the U. S. But it's been a bumpy ride, with not much to show for it yet. Let's talk about leverage. In the world of politics, it's all about having power ove
The U. S. Supreme Court is set to hear a big case about tariffs. It's not just any case, though. It's about small businesses fighting back against tariffs imposed by former President Donald Trump. The man leading this charge is Rick Woldenberg, CEO of Learning Resources, a family-run educational toy
President Donald Trump recently walked away from trade discussions with Canada. He was upset about a Canadian advertisement that used words from former President Ronald Reagan. The ad talked about Reagan's views on tariffs, which are taxes on imports. Trump believes the ad was misleading. The ad fe
The U. S. government recently made a quiet change to its plans. They initially wanted to cut funding for the World Trade Organization (WTO). This move was part of a larger effort to reduce foreign aid. The cuts were announced last Friday and totaled $4. 9 billion. However, the plan to cut WTO fundin
A recent court decision has put a big question mark on Trump's tariffs. The U. S. Court of Appeals for the Federal Circuit said most of these tariffs are not legal. They ruled that the reason given for these tariffs, under a law called IEEPA, was not valid. The court said these tariffs are too broad
Prices in the US are going up. In June, the cost of living rose by 0. 3%, making the yearly increase hit 2. 7%. This is the highest it's been in four months. Experts expected this rise, especially because gas prices went up. But it's not just gas. Other goods are getting more expensive too, thanks t
The U. S. has slapped a 17% tax on fresh tomatoes from Mexico. This move is meant to protect American tomato farmers. But it might make tomatoes more expensive for everyone else. Mexico sends a lot of tomatoes to the U. S. About 70% of tomatoes in the U. S. come from Mexico. That's a big jump from
Coffee lovers in the US might soon pay more for their favorite brew. Why? Because of a big change in trade rules. The US president recently said they will add a huge tax, or tariff, on coffee from Brazil. This news made coffee prices jump right away. Brazil is the biggest coffee maker in the world.
In a surprising move, President Donald Trump hinted at a massive 200% tariff on imported pharmaceuticals. This announcement came during a cabinet meeting, catching many off guard. The president mentioned that these tariffs could be implemented soon but gave a grace period of about a year and a half.
GE Appliances is making a big change. They are moving jobs from China to the U. S. This is a huge deal. It means 800 new jobs for Americans. The company is investing a lot of money, $490 million, to build a new plant in Kentucky. Why is GE doing this? Trade policies and tariffs are big reasons. Tar
