Costco becomes biggest company yet to demand refund of Trump tariffs
Read full article: Costco becomes biggest company yet to demand refund of Trump tariffsCostco is joining other companies that aren’t waiting to see whether the Supreme Court strikes down President Donald Trump’s most sweeping import taxes.
Tariff pressures hit artificial Christmas trees prices as Orlando real-tree seller sees demand grow
Read full article: Tariff pressures hit artificial Christmas trees prices as Orlando real-tree seller sees demand growThanksgiving may still be days away, but for many Americans, the Christmas season has already arrived.
Trump scraps tariffs on beef, coffee and tropical fruit in a push to lower grocery store prices
Read full article: Trump scraps tariffs on beef, coffee and tropical fruit in a push to lower grocery store pricesPresident Donald Trump has announced the removal of U.S. tariffs on beef, coffee, tropical fruits and other commodities.
What to know about Trump’s plan to give Americans a $2,000 tariff dividend
Read full article: What to know about Trump’s plan to give Americans a $2,000 tariff dividendPresident Donald Trump boasts that his tariffs protect American industries, lure factories to the United States, raise money for the federal government and give him diplomatic leverage.
Trump says a Canadian ad misstated Ronald Reagan’s views on tariffs. Here are the facts and context
Read full article: Trump says a Canadian ad misstated Ronald Reagan’s views on tariffs. Here are the facts and contextPresident Donald Trump pulled out of trade talks with Canada Thursday night, furious over what he called a “fake’’ television ad from Ontario’s provincial government that quoted former U.S. President Ronald Reagan from 38 years ago criticizing tariffs -- Trump’s favorite economic tool.
Trump threatens tech export limits, new 100% tariff on Chinese imports starting Nov. 1 or sooner
Read full article: Trump threatens tech export limits, new 100% tariff on Chinese imports starting Nov. 1 or soonerPresident Donald Trump says he’s placing an additional 100% tax on Chinese imports starting on Nov. 1 or sooner, potentially escalating tariff rates close to levels that in April fanned fears of a steep recession and financial market chaos.
Trump takes his tariff war to the movies announcing 100% levies on foreign-made films
Read full article: Trump takes his tariff war to the movies announcing 100% levies on foreign-made filmsPresident Donald Trump is slapping a 100% tax on movies made outside the United States – a vague directive aimed at protecting a business that America already dominates.
Big pharma stocks rise as Street reacts to latest presidential tariff plan
Read full article: Big pharma stocks rise as Street reacts to latest presidential tariff planShares of some big drugmakers rose Friday as Wall Street started sorting out the impact of President Donald Trump’s latest tariff announcement.
Trump to put import taxes on pharmaceutical drugs, kitchen cabinets, furniture and heavy trucks
Read full article: Trump to put import taxes on pharmaceutical drugs, kitchen cabinets, furniture and heavy trucksPresident Donald Trump is putting 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.
Kissimmee dance studio faces tough decisions as U.S. tariffs drive up cost of imported supplies
Read full article: Kissimmee dance studio faces tough decisions as U.S. tariffs drive up cost of imported suppliesA small, mother-and-daughter–owned dance and music studio in downtown Kissimmee is facing growing financial strain as changing U.S. tariffs and international shipping decisions push up the cost of imported supplies and disrupt long-standing vendor relationships.
Supreme Court to quickly consider if President Donald Trump has power to impose sweeping tariffs
Read full article: Supreme Court to quickly consider if President Donald Trump has power to impose sweeping tariffsThe Supreme Court is granting an unusually quick hearing on whether President Donald Trump has the power under federal law to impose sweeping tariffs.
Trump asks Supreme Court to quickly take up tariffs case and reverse ruling finding them illegal
Read full article: Trump asks Supreme Court to quickly take up tariffs case and reverse ruling finding them illegalThe Trump administration is taking the fight over tariffs to the Supreme Court, asking the justices to rule quickly that the president has the power to impose sweeping import taxes under federal law.
Shopping online? What the end of the ‘de minimis’ customs exemption could mean for you
Read full article: Shopping online? What the end of the ‘de minimis’ customs exemption could mean for youOn Aug. 29, the Trump administration officially ended the de minimis customs exemption for all international shipments under $800.
Court finds Trump's tariffs an illegal use of emergency power, but leaves them in place for now
Read full article: Court finds Trump's tariffs an illegal use of emergency power, but leaves them in place for nowA federal appeals court has ruled President Donald Trump illegally used emergency powers to impose sweeping tariffs but left them in place for now.
‘It just doesn’t stop:’ Central Florida shoppers see effects of tariffs at grocery store
Read full article: ‘It just doesn’t stop:’ Central Florida shoppers see effects of tariffs at grocery storeFamilies are already feeling the pinch as grocery prices outpace inflation and economists warn the latest round of tariffs could drive prices even higher.
Kissimmee tourism workforce hopes for Canadian visitors despite tariff concerns
Read full article: Kissimmee tourism workforce hopes for Canadian visitors despite tariff concernsThe official tourism marketing corporation in Kissimmee is actively working to attract visitors from Canada to the many attractions of Central Florida, amid concerns over international tariffs and border tensions.
US imposes a 17% duty on fresh Mexican tomatoes in hopes of boosting domestic production
Read full article: US imposes a 17% duty on fresh Mexican tomatoes in hopes of boosting domestic productionThe U.S. government says it's placing a 17% duty on most fresh Mexican tomatoes after negotiations ended without an agreement to avert the tariff.
Trump's 50% tariff on Brazilian goods like coffee and orange juice could drive up US breakfast costs
Read full article: Trump's 50% tariff on Brazilian goods like coffee and orange juice could drive up US breakfast costsPresident Donald Trump’s threat to boost import taxes by 50% over Brazilian goods could drive up the cost of breakfast in the United States.
Cyber security expert: Criminals use tariff talk to scam consumers with fake relief claims
Read full article: Cyber security expert: Criminals use tariff talk to scam consumers with fake relief claimsScammers are using a new tactic to trick people into believing they can claim money in tariff relief, according to a cyber security expert.
Trump's tariffs would cut US deficits by $2.8T over 10 years and shrink the economy, CBO says
Read full article: Trump's tariffs would cut US deficits by $2.8T over 10 years and shrink the economy, CBO saysPresident Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall.
Central Floridians still seeing higher grocery prices amid economic uncertainty
Read full article: Central Floridians still seeing higher grocery prices amid economic uncertaintyCentral Floridians are still battling high prices when making their weekly grocery run. When it comes to cans and other metal-based packaging, it's possible the latest tariffs on steel and aluminum could impact grocery prices further.
Trump offers automakers some relief on his 25% tariffs, after worries they could hurt US factories
Read full article: Trump offers automakers some relief on his 25% tariffs, after worries they could hurt US factoriesPresident Donald Trump has signed executive orders to relax some of his 25% tariffs on automobiles and auto parts.
Tariffs, taxes, traffic and more: Florida Gov. Ron DeSantis talks exclusively with News 6
Read full article: Tariffs, taxes, traffic and more: Florida Gov. Ron DeSantis talks exclusively with News 6Governor Ron DeSantis spoke exclusively to News 6 reporter Laverne McGee about several issues regarding Central Florida, from his enthusiasm about Epic Universe to his attempts to ease traffic on I-4.
‘That’s a game changer:’ Tariffs threaten fireworks supply for Fourth of July
Read full article: ‘That’s a game changer:’ Tariffs threaten fireworks supply for Fourth of JulyThis time of year, fireworks retailers are preparing for Fourth of July. But with the tariffs on China, fireworks now cost too much to import.
Smartphones, laptops to be exempt from Trump administration’s ‘reciprocal’ tariffs
Read full article: Smartphones, laptops to be exempt from Trump administration’s ‘reciprocal’ tariffsU.S. Commerce Secretary Howard Lutnick says tariff exemptions announced Friday on electronics like smartphones and laptops are only a temporary reprieve until the Trump administration develops a new tariff approach specific to the semiconductor industry, The Trump administration had said late Friday it will exclude electronics like smartphones and laptops from reciprocal tariffs, a move that could help keep the prices down for popular consumer electronics that aren’t usually made in the U.S....
Freak sell-off of ‘safe haven’ US bonds raises fear that confidence in America is fading
Read full article: Freak sell-off of ‘safe haven’ US bonds raises fear that confidence in America is fadingThe upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping U.S. government bonds.
‘Most dresses are manufactured overseas:’ Wedding dress prices expected to rise due to tariffs
Read full article: ‘Most dresses are manufactured overseas:’ Wedding dress prices expected to rise due to tariffsRoberta Noronha, co-founder of The Bridal Finery, recently returned from Bridal Fashion Week, where tariffs were a significant topic of discussion.
Apple has few incentives to start making iPhones in U.S., despite Trump’s trade war with China
Read full article: Apple has few incentives to start making iPhones in U.S., despite Trump’s trade war with ChinaPresident Donald Trump’s administration has been predicting its barrage of tariffs targeting China will push Apple into manufacturing the iPhone in the U.
How could tariffs impact your prescription medication?
Read full article: How could tariffs impact your prescription medication?President Donald Trump announced on April 1 that there are plans to impose significant tariffs on pharmaceutical imports during a dinner for the National Republican Congressional Committee, signaling a major shift in U.S. drug policy.
President Trump’s tariffs on dozens of countries are now in effect. What that means
Read full article: President Trump’s tariffs on dozens of countries are now in effect. What that meansDespite a pause by President Trump on reciprocal tariffs that were supposed to go into effect on Wednesday, his administration is still implementing a baseline 10% tariff on imports from dozens of countries, as well as a tariff on Chinese imports that is now up to 125%. Here’s what you need to know about the tariffs and what comes next.
Trump tariffs worry US shoppers who buy groceries at Asian supermarkets
Read full article: Trump tariffs worry US shoppers who buy groceries at Asian supermarketsLoyal customers of Asian supermarkets and other grocery stores that specialize in selling imported food are wondering what will happen to prices given the extra-high tariffs President Donald Trump put on goods from dozens of countries.
The Latest: Treasury secretary says Trump will keep 10% import tariff, raise import tax on China
Read full article: The Latest: Treasury secretary says Trump will keep 10% import tariff, raise import tax on ChinaPresident Donald Trump has shared on Truth Social that he has “authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”.
The Latest: S&P 500 soars 9.5% to one of its biggest gains since WWII after Trump limits tariffs
Read full article: The Latest: S&P 500 soars 9.5% to one of its biggest gains since WWII after Trump limits tariffsStocks surged to one of their biggest gains since World War II after President Donald Trump paused his tariffs against most other nations, as investors had desperately hoped he would.
Trump’s latest round of tariffs have taken effect — and China is retaliating. Here’s what we know
Read full article: Trump’s latest round of tariffs have taken effect — and China is retaliating. Here’s what we knowPresident Donald Trump has launched tariff wars with almost all of America’s trading partners.
Will the tariffs lead to a recession? Here's how to know if we're in one
Read full article: Will the tariffs lead to a recession? Here's how to know if we're in onePresident Donald Trump’s sharp tariff hikes last week have sent the stock market into a tailspin, raised alarm bells among Wall Street executives, and heightened many economists’ worries that the U.S. could tip into recession.
Winter Park bike store warns customers about price increases as tariffs spin up
Read full article: Winter Park bike store warns customers about price increases as tariffs spin upAs sweeping international tariffs take effect, small businesses across Central Florida are feeling the pressure, including Winter Park Cycles, which is warning customers of potential price increases due to the rising cost of imported bicycle parts.
Trump says things are 'going very well' after worst stock market drop in years over tariffs
Read full article: Trump says things are 'going very well' after worst stock market drop in years over tariffsPresident Donald Trump is sounding an upbeat note about his tariffs even as the stock market reacted by falling more than 1,600 points.
‘I think it’s time:’ Floridians react to President Trump’s ‘Liberation Day’ tariffs
Read full article: ‘I think it’s time:’ Floridians react to President Trump’s ‘Liberation Day’ tariffsIt makes most of its money from cruise ships, but Port Canaveral also calls itself Central Florida’s gateway to global commerce. With President Trump’s tariffs on all international imports, some wonder how our local economy will be affected.
Trump’s tariffs aren’t strictly reciprocal. Here’s how he calculated them
Read full article: Trump’s tariffs aren’t strictly reciprocal. Here’s how he calculated themPresident Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what others assess as trade penalties on American goods.
Will Trump’s tariffs impact Florida’s tourism industry? Here is what we know
Read full article: Will Trump’s tariffs impact Florida’s tourism industry? Here is what we knowIn 2023, over 1.2 million Canadians visited Orlando, according to the tourism group Visit Orlando. There are concerns that impending tariffs could lead to an economic hit for the area.
President Trump announces sweeping ‘reciprocal’ tariffs
Read full article: President Trump announces sweeping ‘reciprocal’ tariffsPresident Donald Trump has announced far-reaching new tariffs on nearly all U.S. trading partners — including a 34% tax on imports from China and 20% on the European Union, among others.
Trump's 'Liberation Day' is unlikely to free businesses from uncertainty surrounding trade policy
Read full article: Trump's 'Liberation Day' is unlikely to free businesses from uncertainty surrounding trade policyPresident Donald Trump says his tariff announcements slated for Wednesday will amount to a “Liberation Day” for the United States.
Trump says he'll put a 25% tariff on countries that buy Venezuelan oil, though the US does so itself
Read full article: Trump says he'll put a 25% tariff on countries that buy Venezuelan oil, though the US does so itselfPresident Donald Trump says he will place a 25% tariff on all imports from any country that buys oil or gas from Venezuela.
Trump halts doubling of tariffs on Canadian metals after Ontario suspends electricity price hikes
Read full article: Trump halts doubling of tariffs on Canadian metals after Ontario suspends electricity price hikesPresident Donald Trump’s threat to double his planned tariffs on steel and aluminum from 25% to 50% for Canada has led the provincial government of Ontario to suspend its planned surcharges on electricity sold to the United States.
Here’s how Trump’s latest tariffs on Mexican, Canadian imports affect your wallet
Read full article: Here’s how Trump’s latest tariffs on Mexican, Canadian imports affect your walletPresident Donald Trump’s latest tariffs on Canadian and Mexican imports went into effect on Tuesday morning, expected to impact a slew of products including cars and car parts.
Trump directs government to consider possible tariffs on copper
Read full article: Trump directs government to consider possible tariffs on copperPresident Donald Trump is directing the government to consider potential tariffs on copper, the latest move by the White House to tax a wide array of imports and reshape global trade.
Q&A: What is behind January inflation increase, soaring egg prices
Read full article: Q&A: What is behind January inflation increase, soaring egg pricesThe latest inflation report shows prices were up in January, pushing the annual inflation rate to 3%. News 6 Anchor Lisa Bell spoke with CBS News business analyst Jill Schlesinger to dig deeper into the Consumer Price Index.
What new tariffs between China and the US mean for Central Florida consumers
Read full article: What new tariffs between China and the US mean for Central Florida consumersIn the heart of Central Florida, a vibrant Chinese American community thrives, centered around the bustling area unofficially known as Chinatown.
US orange juice and steel will be on Canada's list for retaliation if Trump imposes tariffs
Read full article: US orange juice and steel will be on Canada's list for retaliation if Trump imposes tariffsA senior official says Canada is looking at putting retaliatory tariffs on American orange juice, sinks, toilets and some steel products if U.S. President-elect Donald Trump goes ahead with his threat to impose 25% on all Canadian products.
Trump vows tariffs over immigration. What the numbers say about border crossings, drugs and crime
Read full article: Trump vows tariffs over immigration. What the numbers say about border crossings, drugs and crimePresident-elect Donald Trump is threatening tariffs on Mexico and Canada as he seeks to portray them as responsible for illegal immigration and drug smuggling.
Trump's treasury pick could give an indication of what he plans to do about tariffs
Read full article: Trump's treasury pick could give an indication of what he plans to do about tariffsOne of the top remaining vacancies in President-elect Donald Trump’s proposed Cabinet is his treasury secretary — and the views of his top contenders there reflect broader questions about how the president-elect might wield tariffs in his new administration.