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Key Highlights Introduction: The Scariest Part of Halloween Is the Candy Price Tag Halloween treats are giving consumers a fright of their own this year. Candy prices are up nearly 11% from 2024, with chocolate bars shrinking and sugar-heavy gummies taking over the shelves. The cause: skyrocketing cocoa prices, global supply shortages, and trade tariffs…
President Donald Trump revealed plans for an additional 100% tariff on Chinese imports, bringing the total tariff to 130%.
Canada is rolling back a swath of retaliatory tariffs on U.S. imports effective September 1, lifting the 25% levy on many goods that comply with the existing free trade pact. Ottawa frames the move as a de-escalation ahead of next year’s CUSMA/USMCA review and a way to restart negotiations after a productive call between Prime Minister Mark Carney and President Donald Trump. Key sectors—autos, steel, and aluminum—remain protected with 25% tariffs for now. Consumers should see lower prices on items like orange juice and appliances, while import-reliant small businesses welcome relief. Labor groups and heavy industry, however, warn that maintaining pressure is essential as talks proceed.
Donald Trump backed down from a planned 250% tariff on EU pharmaceuticals. The new US-EU trade deal caps tariffs on medicines and semiconductors at 15%, while further reductions depend on Europe lifting duties on American industrial goods.
Trump tarrifs are set to cost Toyota $9.5 billion in revenue this year. The Japanese automaker is set to be among the worst impacted by Trump’s policies.
Discover the effects that Trump’s trade war and new taxes are having on UK’s already struggling economy
Witness the impact of Trump tariffs as global stocks slide sharply. Stay informed on market trends with our latest blog.
Discover how China, Japan, and South Korea are joining forces to combat tariffs. Stay informed on the latest tariff news.
Learn about the consequences of Trump tariffs on businesses and consumers. Stay updated on the trade policies in our blog.
Stay informed on the latest updates from the Federal Reserve. Discover how the recent growth projections impact the economy on our blog.