The nonpartisan nonprofit Committee for a Responsible Federal Budget released cost projections after President Trump pitched his idea this weekend.

China said Monday it is making good on its pledge to crack down on chemicals that can be used to make fentanyl, a key issue for President Donald Trump during recent talks with Chinese leader Xi Jinping as they aimed to take steps to ease a trade war.

The U.S. Department of Commerce launched an anti-dumping investigation into Italian pasta in August 2024 after complaints from two American manufacturers, 8th Avenue Food & Provisions and Winland Foods, over alleged unfair pricing from Italian exporters.

Supreme Court justices, including President Donald Trump's appointees, expressed skepticism about his use of emergency powers to impose Liberation Day tariffs.

Switzerland is inching closer to a deal to cut punishing US tariffs on its exports to about 15 per cent, as companies from Rolex to Richemont take the lead in breaking months of deadlock between Bern and Washington.

“Because consumers — those that are earning those wages — they’re going to be probably a little bit more reluctant to accept some of those higher prices, if they don’t feel like their pay is increasing more,” she said. That hesitancy to pay higher prices could also keep housing inflation down.

Wholesalers in the wine industry warn that prices could be rising soon. Tariffs have impacted both importers of foreign wines and wineries at home dealing with higher operating costs.

President Claudia Sheinbaum’s plan to impose steep tariffs on Chinese imports has been delayed until at least December as mounting opposition from Mexico’s private sector and even members of the ruling party stalls congressional debate,