The comforting ritual of your morning coffee might soon come with sticker shock. Small roasters like Lost Sock in Washington, D.C., are bracing for sharp cost increases as a new 50% tariff on Brazilian coffee looms — just one of several tariffs[...]
Tag: Tariffs & Trade
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Filipino sailors dock in Mexico … and help invent tequila?
Your next margarita might come with more than a salted rim — it comes with a backstory that crosses oceans. While tequila is proudly Mexican, its origins may be intertwined with Filipino sailors who brought distilling know-how across the Pacific centuries ago.[...]
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New wheat trade deal expected to benefit North Dakota growers
A rare piece of good news has landed for wheat growers across North Dakota: Bangladesh has agreed to buy 700,000 metric tons of U.S. wheat annually for the next five years. For producers who’ve been navigating fickle prices, tough weather, and stiff[...]
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Wall Street is winning the trade war
While much of the world braces for the next twist in today’s chaotic economy, Wall Street is quietly cashing in on the disorder. The latest earnings from major banks reveal just how lucrative volatility has become: trading desks at Goldman Sachs, JPMorgan,[...]
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Inflation heats up in June as President Trump’s tariffs start to bite
Prices are rising again, and it’s looking increasingly like tariffs are the culprit. The latest numbers show a 2.7% jump in consumer prices over the past year, with noticeable increases in rents, clothing, and household goods. With the impacts of the trade[...]
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Trump throws the sugar industry a fresh lifeline with new restriction on imports
Sugar policy has long been a balancing act in the U.S., but this week the Trump administration tipped the scales firmly toward domestic producers. New restrictions will block some specialty sugar imports, part of a broader push to shield American farmers from[...]
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Listen: ‘Everyone loses’: Sweden reacts to Trump’s EU tariff threat
Sweden is sounding the alarm as tensions rise across the Atlantic. With the U.S. threatening steep new tariffs on European imports, Swedish leaders are warning that no one wins in a trade war—only jobs and economic stability are at risk. Prime Minister[...]
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Largest grain terminal in the Duluth-Superior port set to close
Fewer salties will be making their way through Duluth-Superior this fall, as CHS Inc. shutters its massive grain terminal in Superior, Wisconsin, by the end of August. For decades, this terminal loaded grain—especially durum wheat—for shipment across the Atlantic to Europe and[...]
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Trump threatens a 35% tariff on Canada — and a blanket import tax on everyone else
Trade tensions are heating up again — this time with Canada squarely in the spotlight. President Donald Trump has threatened a steep 35% tariff on Canadian imports starting August 1 unless Ottawa agrees to his trade demands, with hints that broader tariffs[...]
Curio |
Tallying the two channels of job losses from tariffs
Tariffs are often pitched as a way to bring factory jobs back home—but the math doesn’t hold up. New analysis suggests that current and proposed U.S. tariffs on Chinese goods could cost up to 3.4 million American jobs. Why? Because most trade[...]
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The dollar just had its worst start to the year in half a century
The U.S. dollar just logged its worst first-half performance since the 1970s—and investors are taking notice. Down more than 10% against major currencies, the drop reflects deepening unease over President Trump’s deficit-heavy “Big Beautiful” spending agenda. Gold is soaring, foreign currencies are[...]
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Here’s how provinces are trying to remove Canada’s internal trade barriers
As trade tensions between the U.S. and Canada escalate, Canadian provinces are looking for ways to strengthen ties among themselves. A wave of new agreements and legislation is breaking down internal trade barriers—making it easier to move goods, services, and workers across[...]
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Tariffs Stir Trouble on the Plains: Rural Economies Feel the Strain
Rural bankers and manufacturers across the Midwest are sounding the alarm: tariffs are taking a toll. Two new surveys show rising concern among farm lenders and supply managers, with many citing trade retaliation as the biggest threat to agriculture this year. In[...]
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‘Golden Share’ in U.S. Steel Gives Trump Extraordinary Control
The U.S. government now holds a golden share in U.S. Steel — a single vote with extraordinary power. As part of a deal to save Japan’s Nippon Steel takeover, President Trump secured a permanent veto over key company decisions, from moving jobs[...]
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Saskatchewan government rolls back all U.S. tariff countermeasures
Three months after launching its own trade countermeasures, the Saskatchewan government is quietly stepping back. Policies aimed at pushing back against U.S. tariffs—like favoring Canadian suppliers and halting U.S. alcohol purchases—are being dropped, with officials citing reduced red tape and more consumer[...]
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Saskatchewan to resume purchase, distribution of all U.S.-produced alcohol
After months of holding the line in a simmering trade war, Saskatchewan is backing off one of its headline countermeasures—resuming purchases of U.S.-made alcohol. The province’s liquor authority confirmed it will restock American booze, despite federal tariffs that still double the cost.[...]