Imported light and heavy trucks will be charged 25 percent and buses 10 percent as of Nov. 1, but President Trump also extended tariff exemptions for auto parts.
Category: Trump, Donald J
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Bessent Stakes Credibility and Taxpayer Money on Argentina Bet
Treasury Secretary Scott Bessent’s multibillion-dollar bailout of a serial defaulter raises the specter of losses for the United States.
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Unions Return to Court as Trump Eyes Additional Cuts During Shutdown
Unions representing federal workers told a judge they believed the administration might violate a temporary ban on layoffs during the shutdown.
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The Growing Blowback Against Marc Benioff
New revelations about efforts by his company, Salesforce, to work with the Trump administration is getting heat from San Francisco officials and now allies.
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Trump Refiles $15 Billion Lawsuit Against The New York Times
A federal judge had previously dismissed the complaint as unnecessarily lengthy and digressive. The president claims that The Times sought to defame him during the 2024 election.
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Trump Moves to Pay ICE Agents During Shutdown
The move, funded by the recently enacted tax package, is Mr. Trump’s latest effort to pay some federal workers even though Congress has not approved a spending deal.
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Trump’s New Tariff on Trucks Could Burden an Already Struggling Industry
A 25 percent levy on heavy-duty trucks and parts is set to take effect next month. Companies have few details on the policy.
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Who Will Blink First on Trade: President Trump or Xi Jinping?
Washington and Beijing both need a trade win as steep new tariffs and tough import limits on critical minerals loom.
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China’s Rare Earth Restrictions Aim to Beat U.S. at Its Own Game
Beijing’s latest effort to weaponize global supply chains is modeled on the American technology controls that it has long criticized.
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Stellantis, Faced With Trump’s Tariffs, Scraps Plans to Increase Auto Production in Canada
Canadian leaders blame the move by Stellantis, the automaker, to abandon production in Ontario on President Trump’s tariffs. Mr. Trump says he wants to increase domestic production.
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America Is Heavily Reliant on China for Raw Materials in Medicines
A new analysis found that nearly 700 drugs approved for use in the United States depend on chemicals solely produced in China.
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Is the Fed Too Confident About Inflation? Some Economists Think So.
The central bank confronts “no risk-free path” in balancing the risk of a sharp slowdown in the labor market and resurgent price pressures.