Washington — President Trump on Friday signed a proclamation to impose 25% tariffs on the imports of all medium- and heavy-duty trucks, as well as the parts to make those trucks, and 10% tariffs on all imported buses, such as school buses and city buses. The president said last month he would impose a … Read more
Inglewood, California — One family’s legacy, an Italian restaurant called Sunday Gravy that’s been operating for decades, is now “barely breaking even,” owner Sol Bashirian says, as tariffs and inflation are eating into its profits. “It’s just the reality of where the food industry is at,” Bashirian told CBS News, noting he’s spending thousands of … Read more
The Trump administration’s new tariffs on imported furniture, kitchen cabinets and other housewares, along with lumber, took effect Tuesday, added costs that economists say could push up prices for consumers. Mr. Trump announced the trade measures on Sept. 29, saying the levies are intended to prevent such products manufactured abroad from “flooding” the U.S. “It … Read more
The U.S. economy could be on the upswing even if tariffs and stubborn inflation continue to weigh on growth, according to a new analysis. The National Association for Business Economics (NABE) said Monday it expects the nation’s gross domestic product — a measure of the total value of goods and services — to rise 1.8% … Read more