tariffs

Fed Study: Trump Tariffs Caused Job Losses, Higher Prices

(CNN) - It appears president Trump's tariffs may have backfired. A new Federal Reserve study says Trump's strategy of placing tariffs on imports ultimately led to job losses and higher prices. Trump's tariffs included those on steel, aluminum, motor…

Hasbro Hit By Tariffs Just Before Holidays

(CNN) - Optimus Prime and Fluttershy are helping drag Hasbro down. The toy giant's shares plummeted 15% after it posted disappointing sales and earnings figures Tuesday. Hasbro blames tariffs for missing sales forecasts. The company says it's costing more…

U.S. Delays Tariffs In "Good Will" To China

(CNN) - President Trump is delaying new tariffs on Chinese goods by a few weeks. A tariff increase to 30% on $250 billion worth of goods will be pushed from October 1st, the 70th anniversary of the people's Republic…

200+ Footwear Companies Ask Trump To Cancel Tariffs

(CNN) - Footwear companies are urging president Trump to scrap his new tariffs on Chinese imports, including shoes. More than 200 companies, including Nike, Converse and Adidas sent him a letter on Wednesday. It says the tariffs will amount…

U.S. To Delay Some Tariffs On China Until December 15

Philadelphia, PA (KYW) - You've now got until December 15th to buy holiday electronics before they get hit with a 10% tariff. President Trump announced earlier this month the new import tax impacting goods like cell phones, toys, and…

Chipotle Could Raise Prices Due To Tariffs

(CNN) - Chipotle could raise burrito prices, if president Donald Trump increases tariffs on Mexico. The Tex-Mex restaurant said the price could go up 5-cents. Trump threatened a 5% tariff on all goods imported from Mexico last week if…

U.S. To Lift Tariffs On Metals From Canada, Mexico

(CNN) - The United States, Mexico and Canada have come to an agreement. President Trump is expected lift steel and aluminum tariffs on the two countries as soon as of Friday. This clears a key hurdle for Trump's replacement…

Walmart Raising Prices Because Of Tariffs

Fort Smith, AR (KFSM) - America's largest retailer says prices are going up. Wal-Mart CFO Brett Biggs told reporters Thursday the company is planning to raise prices on items impacted by tariffs on Chinese goods. He did not specify…

Trump On China Tariffs: Apple Could Be Impacted

(CNN) - The tit-for-tat trade war between the U.S. and China appears to be moving forward. President Trump says it is "highly unlikely" that he'd accept an offer from china that would prevent the U.S.' plan to boost tariffs…

Apple: China Tariffs Would Hit Apple Watch, Air Pods

(CNN) - Apple says China tariffs could make their products more expensive. The U.S. has proposed $200 billion worth in tariffs on Chinese goods. Apple said its wireless Air Pods and the Apple Watch could see an increase in…