Mexico slaps new tariffs on Asian imports
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Earlier this month, Trump called the country’s mounting debt "peanuts" compared to the money he was bringing in from custom duties.
Tariff receipts declined in November, the first monthly drop since President Donald Trump rolled out his sweeping global tariff program.
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The Trump administration will impose a 10% tariff on imports from Nicaragua beginning in 2027, after finding that alleged human rights abuses in the Central American country “restrict US commerce.”
The resolution follows a bipartisan, Senate-passed measure to end tariffs imposed on Brazil and the President’s use of emergency powers to raise import duties. Trump had invoked his powers under the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs on India.
The plan to gift Americans $2,000 is still on President Donald Trump's agenda, even as the year comes to a close.
Switzerland’s agreement last month to get the US to lower tariffs on the country will be backdated to take effect on the day the deal was announced.
The government's tariff revenues in November ticked down for the first time since President Trump began implementing his historic duties, according to new totals from the US Treasury Department.
1don MSN
Exclusive: Mexico tariff hike to hit $1 billion India car exports despite automaker lobbying
Mexico's decision to raise tariffs as high as 50% will affect $1 billion worth of shipments from major Indian car exporters, including Volkswagen and Hyundai, despite industry lobbying to persuade New Delhi to prevent such a move,
Companies eager for relief from President Donald Trump’s tariffs are likely to have to wait until at least January.
The Supreme Court has not yet ruled on the legality of President Trump’s sweeping tariffs, but some companies aren’t waiting to try to secure a speedy and substantial payout.
A ruling striking down emergency levies could force the federal government to return most of the tariff revenue it has collected this year, according to Penn Wharton.