Costco sues Trump administration over tariffs, seeks full refund
Costco joins dozens of other companies including motorcycle manufacturer Kawasaki and canned foods maker Bumble Bee that have filed suits seeking tariff refunds.
trade
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Q&A with exec Jack Griffin, on the deep impact of anti-Canadian tariffs, commitment to DEI
The Atlas World Group CEO speaks candidly about what he believes the impact tariffs imposed by President Donald Trump will have. On his company, on Americans and on other countries.
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Homebuilders prepare for proposed tariffs that could raise material costs, erode margins
The National Association of Home Builders projected that current tariffs could raise the cost to build a single-family house in the United States $7,500 to $10,000.
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IBJ Podcast: The risks tariffs pose to Indiana’s manufacturing-heavy economy
President Trump wasted little time turning to economic policy once his second term began, imposing or threatening to impose a barrage of tariffs on many of Indiana’s trading partners.
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Q&A with entrepreneur Brian Schutt on tariffs: ‘It’s just math’
“I don’t think there’s going to be a company immune to the rising tide of costs.”
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Articles
UK and US agree zero-tariff deal on pharmaceuticals
The Trump administration said that in return, U.K. drugs firms committed to invest more in the U.S. and create more jobs.
US trade deficit drops 24% as Trump’s tariffs reduce imports
A drop in imports and the trade deficit is good for economic growth because foreign products are subtracted from the nation’s gross domestic product.
Cecil Bohanon and John Horowitz: There are no solutions in economics, just trade-offs
Progress in one dimension—whether in employment, nutrition or economic development—often creates new problems that we struggle to solve.
Supreme Court appears skeptical of legality of most of Trump’s tariffs
The ruling could be a make-or-break political moment for Trump’s presidency. He has made tariffs central to his tenure, wielding them as leverage not only in trade negotiations but in a wide range of disputes both large and small.
Trump tariffs face Supreme Court test in trillion-dollar test of executive power
President Trump has called the case one of the most important in the country’s history and said a ruling against him would be “catastrophic” for the economy.
American farmers welcome China’s promise to buy soybeans, but the deal doesn’t solve everything
The Chinese promise to buy at least 25 million metric tons of soybeans annually for next three years will bring their purchases back in line with where they were before President Donald Trump launched his trade war with China in the spring.
Trump cuts tariffs on China after meeting Xi in South Korea
President Donald Trump described his face-to-face meeting with Chinese leader Xi Jinping on Thursday as a roaring success.
US, China say trade deal drawing closer as Trump, Xi prepare for high-stakes meeting
China’s top trade negotiator told reporters the two sides had reached a “preliminary consensus,” while Trump’s treasury secretary said there was “a very successful framework.”
Trump raises tariffs on Canada by 10% over Reagan ad
The pledge to slap additional fees on imports from Canada marks the latest escalation in trade tensions between the two countries.
US inflation stays elevated but prices rose less than feared last month
The data for Friday’s report was gathered before Oct. 1, but price data for October isn’t being gathered due to the government shutdown, and the Trump administration suggested Friday that an inflation report won’t be released next month.
Pump prices could rise after US, EU hit Russian oil companies with new sanctions and oil spikes
Patrick De Haan, head of petroleum analysis for GasBuddy, said while it was difficult to predict with certainty, consumers could see a bump in prices as early as next week, if not sooner.
Hoosier ag leaders caution against Trump’s proposal to import beef from Argentina
Voices across Indiana’s beef cattle industry raised concerns including an existing trade deficit between the U.S. and Argentina, disruptions in the market and the quality of the imported beef.
Prime minister says Canada will double its non-US exports as Canadians can’t rely on US
Indiana exports $13.9 billion in goods annually to Canada, with motor vehicle parts, automobiles and trucks each totaling more than $1 billion annually in exports.
To hit back at US in their trade war, China borrows from America’s playbook
When President Trump launched his trade war with China shortly after he returned to the White House, Beijing readily deployed its new tools in addition to raising tariffs to match those imposed by the U.S.
China vows to stand firm against Trump’s new tariff threat
It was China’s first official comment on President Trump’s threat to jack up the tax on imports from China by Nov. 1 in response to new Chinese restrictions on the export of rare earths
Trump suggests calling off Xi meeting after blasting China for restricting rare earths exports
The Republican president suggested that he was looking at a “massive increase” of import taxes on Chinese products in response to Chinese leader Xi Jinping’s moves.
Trump open to extending or changing US-Mexico-Canada trade deal
Canadian Prime Minister Mark Carney met with President Trump at the White House on Tuesday to discuss tariffs.
Trump plans aid package for soybean farmers while seeking trade deal with China
U.S. farmers are worried that time is quickly running out to reach a deal in time to sell any of this year’s crop to their biggest customer.
Hoosier farmers celebrate Taiwan’s pledge to buy $6B in U.S. corn and soybeans
With Indiana Gov. Mike Braun and Lt. Gov. Micah Beckwith on hand, leaders of Indiana’s corn and soybean lobbies signed letters of intent with officials from Taiwan on Thursday.