US House Defies Trump on Canada Tariffs
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2hon MSN
Trump tariffs leave importers with record-breaking $3.5 billion U.S. Customs bond funding shortfall
U.S. Customs identified close to $3.6 billion in surety bond insufficiencies in fiscal 2025, a financial guarantee trade experts say has soared due to tariffs.
A new report from the Federal Reserve Bank of New York confirms what economists have long warned about: The burden of tariffs is borne almost entirely by the people living in the country that imposes them.
The justices put the case on a fast track at the administration’s urging. But they don’t seem in a rush to rule on the president’s signature economic program.
Trump administration officials signed a final reciprocal trade agreement that confirmed a 15% U.S. tariff rate for imports from Taiwan.
Exports to Canada from Minnesota continue to fall. The U.S. House in a rare rebuke this week voted to end the tariffs.
Imported-flower tariffs squeeze Capital Region florists for Valentine's Day, prompting some price hikes; chocolate prices trend downward after cocoa tariffs dropped.
Exports of Scotch whisky to the US fell by 15 per cent after President Donald Trump imposed new tariffs on the UK, according to an industry body. The Scotch Whisky Association said global exports of the drinks in 2025 were down 0.6 per cent in value, to £5.36bn, and 4.3 per cent in volume, to 1.3bn bottles, from the year before.