President Trump announced the removal of U.S. tariffs on beef, coffee, tropical fruits and other commodities amid pressure to address high consumer prices.
Competition, whether from overseas rivals or second-hand goods, has kept the price of furniture relatively low. New tariffs may boost U.S. makers — and raise prices.
A handful of Republicans joined Democrats to vote against President Trump's emergency tariffs against Brazil, Canada and other countries. But the votes were mostly symbolic and unlikely to become law.
Five Republicans joined with Democrats on a vote to end the national emergency that President Trump has declared as the basis for sweeping tariffs on Brazil.
Eight months into Trump's second term, it's unclear what the larger impact of these tariffs will have on the economy. Despite that, the president keeps promising to roll out new ones.
President Trump said 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.
India's shrimp exports to the U.S. were once a success story. Now the industry faces ruin amid President Trump's 50% tariff on imports from the country.