49 h. ago Detroit carmakers feud over Trump’s threatened truck tariffs

(Bloomberg) — U.S. carmakers have mounted a furious, last-minute lobbying blitz over the Trump administration’s potential tariffs on medium- and heavy-duty trucks, in a fight pitting Detroit’s legacy automakers against each other. Stellantis NV has lobbied the administration in recent days to waive or soften a possible 25% tariff that could otherwise hit medium-duty Ram […]

Transport

8 d. ago Trump finds new trade targets — pharmaceuticals, kitchen cabinets and heavy trucks

WASHINGTON (AP) — Naturepedic, a mattress and furniture company based outside Cleveland, has been planning to introduce an upscale upholstered headboard late this year or early in 2026. But President Donald Trump has thrown those plans into disarray. On Thursday night, the president announced on social media that he was slapping a 30% tax on […]

Economics

9 d. ago Trump sets 100% tariffs on pharmaceuticals, 25% on heavy trucks for Oct. 1

The new Section 232 tariffs also include a 50 per cent rate on imported kitchen cabinets and bathroom vanities and 30 per cent on upholstered furniture.

Economics

9 d. ago Trump to put import taxes on kitchen cabinets, furniture and heavy trucks starting next week

WASHINGTON — President Donald Trump said Thursday that he will put import taxes of 100% on pharmaceutical drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks starting on Oct. 1. The posts on his social media site showed that Trump’s devotion to tariffs did not end with […]

Economics

9 d. ago Trump to put import taxes on pharmaceutical drugs, furniture, heavy trucks

WASHINGTON — President Donald Trump said Thursday that he will put import taxes of 100% on pharmaceutical drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks starting on Oct. 1. The posts on his social media site showed that Trump’s devotion to tariffs did not end with […]

Economics

3 w. ago Inflation likely rose last month as Trump’s sweeping tariffs boost goods prices

WASHINGTON (AP) — U.S. inflation likely ticked higher last month as the Trump administration’s import taxes have lifted the price of goods, potentially putting the Federal Reserve in a tough spot when it meets next week. Economists forecast that consumer prices rose 2.9% in August from a year earlier, according to a survey of economists […]

Economics