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Northeastern Small Businesses Sue Trump Over Tariffs: 'Unprecedented Power Grab' Northeastern Small Businesses Sue Trump Over Tariffs: 'Unprecedented Power Grab'
Northeastern Small Businesses Sue Trump Over Tariffs: 'Unprecedented Power Grab' A group of small businesses is suing President Donald Trump over his sweeping new tariffs, warning the policy is driving up prices, threatening jobs, and putting their companies at risk of shutting down. The lawsuit argues that Trump has no legal authority to impose the "liberation day" tariffs. The suit was filed in the US Court of International Trade on Monday, April 14. Trump reversed course and paused many of his tariffs for 90 days but escalated duties on China to 145%. He enacted the tariffs unilaterally, invoking the 1977 International Emergency Economic Powers Act to …

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by Chris Spiker
Business
Most CEOs Expect Recession Within Six Months, Call Trump's Tariffs 'A Train Wreck': Survey Most CEOs Expect Recession Within Six Months, Call Trump's Tariffs 'A Train Wreck': Survey
Most CEOs Expect Recession Within Six Months, Call Trump's Tariffs 'A Train Wreck': Survey A majority of CEOs across the country are now bracing for a recession within six months as confidence in the US economy tumbles to its lowest level in years due to President Donald Trump's tariffs, according to a new survey. The industry group Chief Executive released the findings from a poll of 329 CEOs and business owners on Monday, Apr. 14. The survey showed growing alarm over Trump's escalating tariffs, which many fear will push the country into a downturn. According to the survey, 62% of CEOs expect a recession over the next six months – the highest level in recent years and up fr…

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by Chris Spiker
Business
Trump Now Says There Will Be 'No Exceptions' On Tariffs For iPhones, Other Chinese Electronics Trump Now Says There Will Be 'No Exceptions' On Tariffs For iPhones, Other Chinese Electronics
Trump Now Says There Will Be 'No Exceptions' On Tariffs For iPhones, Other Chinese Electronics Not so fast. Just days after new guidance was released by the government stated that machines used to make semiconductors, flat-screen TVs, tablets, and desktop computers are excluded from President Trump’s 125 percent tariff on Chinese goods, the administration is now saying those exemptions are only temporary. In a social media post on Truth Social on Sunday, April 13, Trump said there are “no exceptions,” and tariffs will apply to those items, apparently clarifying the US Customs and Border Protection bulletin issued Friday, April 11. “NOBODY is getting ‘off the hook,' ” Trump wrot…

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by Joe Lombardi
Politics
Trump Administration Exempts These Electronics From Tariffs Trump Administration Exempts These Electronics From Tariffs
Trump Administration Exempts These Electronics From Tariffs In a reversal that could impact some of the world’s biggest tech brands, President Trump has carved out key electronics from his sweeping new reciprocal tariffs. Click here for a new, updated story - Trump Now Says There Will Be 'No Exceptions' On Tariffs For iPhones, Other Chinese Electronics Smartphones, laptops, memory chips, and other consumer electronics will be exempt from the latest round of tariffs targeting Chinese imports — easing fears of a sudden jump in prices on popular tech products. According to new guidance released on Friday, April 11 by US Customs and Border…

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by Joe Lombardi
News
Inflation Fears Hit 44-Year High As Trump Tariffs, Market Crash Sink Consumer Sentiment: Survey Inflation Fears Hit 44-Year High As Trump Tariffs, Market Crash Sink Consumer Sentiment: Survey
Inflation Fears Hit 44-Year High As Trump Tariffs, Market Crash Sink Consumer Sentiment: Survey Concerns about inflation have spiked to their highest level in nearly 45 years, while consumer confidence plunged for the fourth straight month as Americans grow increasingly anxious about the economy, a new survey said. Americans now expect prices to climb 6.7% over the next year, the University of Michigan's Surveys of Consumers said on Friday, April 11. That's the highest inflation expectation reading since 1981 for the closely watched survey. While inflation cooled slightly in March, the latest federal numbers came before President Donald Trump announced his "liberat…

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by Chris Spiker
News
Drowning Risks With Baby Bath Seats Force Nationwide Recall: CPSC Drowning Risks With Baby Bath Seats Force Nationwide Recall: CPSC
Drowning Risks With Baby Bath Seats Force Nationwide Recall: Cpsc More than 1,300 baby bath seats have been recalled because they can tip over or let babies slip through, raising the risk of drowning. The recall was issued for about 1,350 Bebamour baby bath seats, the Consumer Product Safety Commission said on Thursday, April 10. The seats are unstable and can tip over while in use, violating federal safety regulations and posing a risk of serious injury or death. The openings for a baby's legs are also too wide, allowing infants to slip out of the seats. The CPSC said no injuries have been reported, but the agency urged parents to sto…

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by Chris Spiker
Business
Inflation Cooled In March Before Trump's Tariffs Fueled Market Collapse, New Data Says Inflation Cooled In March Before Trump's Tariffs Fueled Market Collapse, New Data Says
Inflation Cooled In March Before Trump's Tariffs Fueled Market Collapse, New Data Says Inflation slightly eased in March, just before President Donald Trump's sweeping tariff announcement sent Wall Street spiraling, wiping out trillions in market value before a temporary tariff pause. The consumer price index (CPI) fell 0.1% in March, the first decline since October, the Bureau of Labor Statistics said on Thursday, April 10. Prices climbed 2.4% from March 2024, the slowest annual increase since early 2021. Wall Street was bracing for a hotter inflation report. The Dow Jones consensus estimated headline inflation to be 2.6% and core inflation to be 3%, CNBC reported. Gas…

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by Chris Spiker
Business
Trump Retreats From Many Tariffs, Raises China's Rate To 125% After Days Of Market Freefall Trump Retreats From Many Tariffs, Raises China's Rate To 125% After Days Of Market Freefall
Trump Retreats From Many Tariffs, Raises China's Rate To 125% After Days Of Market Freefall President Donald Trump has stepped back from many of his tariffs while escalating Chinese duties even higher, sparking a dramatic market comeback after some of the worst trading days since the start of the COVID-19 pandemic. The 90-day pause will apparently apply to some tariffs for more than 75 countries that haven't issued retaliatory duties. Trump announced the halt on his social media platform Truth Social on Wednesday, April 9. A 10% tariff will remain in place for the countries included in the pause. The White House said the 10% duty will also apply to Canada and Mexico, NBC News…

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by Chris Spiker
Business
Trump Slaps 104% Tariff On China As Markets Resume Freefall, Recession Fears Grow Trump Slaps 104% Tariff On China As Markets Resume Freefall, Recession Fears Grow
Trump Slaps 104% Tariff On China As Markets Resume Freefall, Recession Fears Grow President Donald Trump will place a jarring 104% tariff on Chinese goods, wiping out gains on Wall Street after three chaotic days of trading that wiped out trillions from US markets and elevated recession fears. White House Press Secretary Karoline Leavitt confirmed the dramatic tariff rise during a news conference on Tuesday, April 8. The new 104% duty will officially begin at 12:01 a.m. on Wednesday, April 9. China's tariff rate was raised to a combined 54% when Trump announced his "liberation day" tariffs on Wednesday, April 2. A 34% additional tariff was added to Trump's pre-existing 2…

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by Chris Spiker
Business
Volatile Markets Spiral As Trump Threatens China, White House Denies Tariff Pause Rumor Volatile Markets Spiral As Trump Threatens China, White House Denies Tariff Pause Rumor
Volatile Markets Spiral As Trump Threatens China, White House Denies Tariff Pause Rumor Chaos has shaken Wall Street for a third day as the White House denied rumors of a pause on President Donald Trump's sweeping new tariffs that sparked the worst sell-off since the start of the COVID-19 pandemic. The Dow Jones Industrial Average opened down roughly 1,250 points on Monday, April 7. The massive drop continued the market freefall that happened in the aftermath of Trump's "liberation day" announcement. Soon after trading opened, the Dow surged back into the green by around 10:15 a.m. The bounce back appeared to be in response to social media posts claiming Trump was conside…

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by Chris Spiker
News
Overheating Cords Burn Fingers, Sparking Large Recall Of Night Lights Sold At Five Below Overheating Cords Burn Fingers, Sparking Large Recall Of Night Lights Sold At Five Below
Overheating Cords Burn Fingers, Sparking Large Recall Of Night Lights Sold At Five Below A popular bear-shaped night light sold at Five Below has been recalled after reports of cords melting, causing burned fingers and scorching furniture. Five Below issued the recall for about 29,000 Room2Room LED Iridescent Bear Lights, the Consumer Product Safety Commission said on Thursday, April 3. The night light has a USB power switch that can overheat and melt, creating fire and burn hazards. The CPSC said the company received 28 reports of overheating. Six people burned their fingers, and in two cases, the lights caused property damage, including burns to a wall and a headboa…

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by Chris Spiker
News
TikTok Ban In US Delayed, Trump Claims Tariffs Help Negotiations Despite Crashing Markets TikTok Ban In US Delayed, Trump Claims Tariffs Help Negotiations Despite Crashing Markets
TikTok Ban In US Delayed, Trump Claims Tariffs Help Negotiations Despite Crashing Markets TikTok will stay online in the US until at least the middle of June after a federal ban on the popular video app was delayed again. President Donald Trump said he'll sign an executive order to extend a 75-day delay on enforcing the ban. The order comes just one day before the app could have been shut down in the US under the divest-or-ban law. Trump, who once supported a TikTok ban, made the announcement on his social media platform Truth Social on Friday, April 4. "My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress," the Presid…

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by Chris Spiker