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President Trump's new tariffs are pouring in. But it's still only a fraction of overall government revenues — and falls short of new spending in the recent Republican megabill.
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The White House said that starting just after midnight that goods from more than 60 countries and the European Union would face tariff rates of 10% or higher.
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President Trump, who has insisted Aug. 1 is a firm deadline for countries around the world, said that "the complexities of a Deal with Mexico are somewhat different from other Nations."
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A car made in Texas might include engines from Saltillo and wiring systems from Chihuahua. Blueberries grown in Michoacán are processed in McAllen. Cattle raised in Coahuila are slaughtered and packed in Laredo.
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Prices have risen a tad on some items especially affected by tariffs. But for the most part, companies are finding ways to delay price increases — for now.
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Investors weigh President Donald J. Trump's decision to impose more tariffs on Mexican-made goods. At the same time, they're concerned Mexican President Claudia Sheinbaum's push to overhaul the country's judiciary may create legal uncertainty for companies in Mexico.
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Cuellar and Ramiro Cavazos, the president and CEO of the U.S. Hispanic Chamber of Commerce, held a press conference on Saturday to urge the Trump administration to extend the Tomato Suspension Agreement or risk sweeping economic damage to business sectors built on stable tomato prices.
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President Donald Trump on Saturday announced he's levying tariffs of 30% against the European Union and Mexico.
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Whether it's a strength or vulnerability, Donald Trump's erratic nature and unpredictable policy making is something the entire world must deal with. Philip Luck, an economist and former Biden trade official, discusses how Trump's waxing policies are costing America.
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Consumer prices in May were up 2.4% from a year ago, but inflation eased on a monthly basis, according to the latest figures from the Labor Department