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US, China Cut Tariffs In 'Substantial De-Escalation' Of Trump's Trade War US, China Cut Tariffs In 'Substantial De-Escalation' Of Trump's Trade War
US, China Cut Tariffs In 'Substantial De-Escalation' Of Trump's Trade War The US and China are stepping back from extremely high retaliatory tariffs placed on each other, lowering the duty rates to ease tensions and negotiate a potential trade deal. The White House announced the tariff-lowering agreement on Monday, May 12. Both countries will reduce their tariffs to a baseline 10% rate, with the US continuing to impose its 20% tariff on China related to fentanyl. The drastic reduction comes after President Donald Trump dramatically raised tariffs on Chinese imports to a combined 145%, causing Beijing to retaliate with a 125% tariff on US goods. The agreement also…

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by Chris Spiker
Politics
US, China Reach Breakthrough On Trade Deal After Geneva Talks: White House US, China Reach Breakthrough On Trade Deal After Geneva Talks: White House
US, China Reach Breakthrough On Trade Deal After Geneva Talks: White House After two days of intense, high-stakes negotiations in Geneva, the United States and China have reached a breakthrough on a new trade agreement aimed at easing tensions and addressing the $1.2 trillion trade deficit, the White House announced. Secretary of the Treasury Scott Bessent and US Trade Representative Ambassador Jamieson Greer announced the deal on Sunday, May 11, following face-to-face meetings with Chinese officials in Switzerland. BREAKING: U.S. Announces China Trade Deal in Geneva pic.twitter.com/JjgvYAvAGe — The White House (@WhiteHouse) May 11, 2025 “I’m happy to report …

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by Zak Failla
Politics
Trump Declares 'Total Reset' After Trade Talks With China Trump Declares 'Total Reset' After Trade Talks With China
Trump Declares 'Total Reset' After Trade Talks With China President Donald Trump hailed significant advancements in trade negotiations with China, describing the discussions over the last couple of days as a “total reset” following weeks of escalating tensions between the world’s two largest economies. While specifics about the progress were not disclosed by Trump or US Treasury Secretary Scott Bessent, who is leading the discussions in Geneva, Switzerland, the talks are ongoing. In a post on Truth Social early Sunday, May 11, Trump said: “A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset ne…

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by Joe Lombardi
Business
Major Jewelry Company Ends Lab-Grown Diamond Business: Here's Why Major Jewelry Company Ends Lab-Grown Diamond Business: Here's Why
Major Jewelry Company Ends Lab-Grown Diamond Business: Here's Why De Beers Group is shutting down its company specializing in lab-grown diamonds as falling prices widen the gap with natural diamonds. The diamond company will close its brand called Lightbox, De Beers announced in a news release on Thursday, May 8. The closing marks a major shift for the global jewelry giant as it doubles down on natural diamond production. De Beers said it's seeking to sell off Lightbox's assets and inventory. "The planned closure of Lightbox reflects our commitment to natural diamonds," said De Beers CEO Al Cook. "We are also excited at the growing commerc…

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by Chris Spiker
Politics
'What President Talks Like That?' Biden Blasts Trump In First Interview After Leaving Office 'What President Talks Like That?' Biden Blasts Trump In First Interview After Leaving Office
'What President Talks Like That?' Biden Blasts Trump In First Interview After Leaving Office In his first interview since leaving office, former President Joe Biden criticized President Trump at length.  Biden described Trump's actions regarding the Russia-Ukraine war as "modern-day appeasement," saying it's foolish to think Russian President Vladimir Putin would stop if Ukraine cedes territory.  "Anybody that thinks he's going to stop is just foolish," Biden told BBC. Biden expressed concern about the potential breakdown of US-Europe relations under Trump's leadership, stating it "would change the modern history of the world."  He emphasized the importance of NATO…

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by Joe Lombardi
Business
Skechers Sold In $11B Deal As Trump's Tariffs Raise Worries For Shoemakers Skechers Sold In $11B Deal As Trump's Tariffs Raise Worries For Shoemakers
Skechers Sold In $11B Deal As Trump's Tariffs Raise Worries For Shoemakers A private equity firm will purchase Skechers as President Donald Trump's sweeping tariffs create growing uncertainty for US footwear companies. 3G Capital will buy Skechers for what could be worth up to $11 billion, the shoemaker announced in a news release on Monday, May 5. Once finalized, the deal will make Skechers private and it'll be delisted from the New York Stock Exchange. Skechers, which is the third-largest footwear brand globally behind Nike and Adidas, will continue to be led by CEO Robert Greenberg and president Michael Greenberg. The company's headquarters will remai…

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by Chris Spiker
News
Exploding Lids Burn 100+ People, Sparking Recall Of 1.85M Pressure Cookers Exploding Lids Burn 100+ People, Sparking Recall Of 1.85M Pressure Cookers
Exploding Lids Burn 100+ People, Sparking Recall Of 1.85M Pressure Cookers Meal prep turned dangerous for more than 100 people after pressure cooker lids flew open, sending scalding food flying. SharkNinja is recalling about 1,846,400 of its Foodi OP300 Series Multi-Function Pressure Cookers, the Consumer Product Safety Commission said on Thursday, May 1. About 184,240 pressure cookers were also sold in Canada. The CPSC said 106 people reported burn injuries. More than 50 victims suffered second- or third-degree burns to their faces or bodies. The hazard stems from a defect that allows the lid to open while pressure is still inside, causi…

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by Chris Spiker
Business
Xbox Console, Game Prices Rise As Trump's Tariffs Hit Gamers: Here's What You'll Pay Xbox Console, Game Prices Rise As Trump's Tariffs Hit Gamers: Here's What You'll Pay
Xbox Console, Game Prices Rise As Trump's Tariffs Hit Gamers: Here's What You'll Pay Xbox video games, consoles, and accessories are now more expensive as gamers navigate higher production costs and mounting trade pressure from President Donald Trump's sweeping tariffs. The Xbox Series X now costs $599.99, up from $499.99, Microsoft announced on Thursday, May 1. The cheaper Series S 512GB model is up to $379.99, while the 2TB Galaxy Black Special Edition console price jumped to $729.99. Some new, first-party games are expected to cost $79.99 by the holiday season. "We understand that these changes are challenging, and they were made with careful consideration given ma…

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by Chris Spiker
Business
Amazon Won't Show Tariff Price Hikes After 'Pissed' Trump Reportedly Calls Jeff Bezos Amazon Won't Show Tariff Price Hikes After 'Pissed' Trump Reportedly Calls Jeff Bezos
Amazon Won't Show Tariff Price Hikes After 'Pissed' Trump Reportedly Calls Jeff Bezos Amazon is denying that it planned to show US tariffs on product listings, after a report sparked backlash from the White House and an angry phone call from President Donald Trump to billionaire Jeff Bezos. The online retail giant refuted a report from Punchbowl News that said Amazon would show how Trump's tariffs are raising prices on many goods. The political news website reported that Amazon would "display how much of an item’s cost is derived from tariffs – right next to the product's total listed price" at checkout. Amazon said the idea was only floated for the compa…

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by Chris Spiker
Business
DHL Ends High-Value Delivery Pause As Trump's Tariffs Spark Customs Backlog DHL Ends High-Value Delivery Pause As Trump's Tariffs Spark Customs Backlog
DHL Ends High-Value Delivery Pause As Trump's Tariffs Spark Customs Backlog A major global shipping company has lifted its pause on high-value shipments to the US after stopping them for a week due to President Donald Trump's sweeping tariffs. DHL has resumed business-to-consumer deliveries for packages with declared values of $800 or more. The company made the announcement in a website update on Monday, April 28.  The German shipping giant paused high-value shipments on Monday, April 21. DHL warned customers that the latest tariff-driven rule changes to inspections had overwhelmed its clearance systems, triggering multi-day delays. The re…

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by Chris Spiker
Business
Major Shipping Company Halts High-Value US Deliveries Due To Trump's Tariff Rules Major Shipping Company Halts High-Value US Deliveries Due To Trump's Tariff Rules
Major Shipping Company Halts High-Value US Deliveries Due To Trump's Tariff Rules A major global shipping company will stop delivering high-value consumer packages to the US as President Donald Trump's sweeping tariffs trigger customs delays. DHL is pausing business-to-consumer deliveries to the US with declared values over $800 on Monday, April 21, the company said. The German shipper cited a surge in customs backlogs caused by new federal rules linked to Trump's trade wars. The impact of Trump's policies has overwhelmed DHL's clearance systems, triggering multi-day delays across the shipping network. "This change has caused a surge in formal customs clearanc…

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by Chris Spiker
Politics
Trump's Approval Rating Shifts In Survey By Top-Rated Pollster Measuring Tariff Response Trump's Approval Rating Shifts In Survey By Top-Rated Pollster Measuring Tariff Response
Trump's Approval Rating Shifts In Survey By Top-Rated Pollster Measuring Tariff Response A new national poll from a top-rated research firm shows public opinion shifting after President Trump nears the three-month mark of his second term. The latest survey by AtlasIntel, conducted Wednesday, April 10, through Sunday, April 14, among 2,347 US adults, found that 52 percent disapprove of Trump’s performance, while 46 percent approve — a net approval rating of minus 6 points.  That marks a continued slide from March, when Trump’s net rating was minus 5 points, and February, when he briefly held a positive rating of plus 0.6. ATLAS POLL – DONALD TRUMP APPROVALThe latest Atl…

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by Joe Lombardi
Business
Here's What’s About To Cost More As Trump's China Tariffs Target Popular US Imports Here's What’s About To Cost More As Trump's China Tariffs Target Popular US Imports
Here's What’s About To Cost More As Trump's China Tariffs Target Popular US Imports Smartphones, shoes, toys, and cookware are just a few of the Chinese-made goods that could soon cost more as the Trump administration ramps up its trade war with China. A new Washington Post analysis highlights the impact of rising tariffs on consumer products widely used across the United States.  China is the second-largest exporter of goods to the US, shipping nearly $439 billion in products last year.  That includes a wide range of items found in everyday homes—many of which are now directly in the tariff crosshairs. Among the top targets: Smartphones ($41.3B in imports), …

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by Joe Lombardi
Business
Switch 2 Preorder Date Set After Nintendo Hit Pause Over Trump's Tariffs: See What Costs More Switch 2 Preorder Date Set After Nintendo Hit Pause Over Trump's Tariffs: See What Costs More
Switch 2 Preorder Date Set After Nintendo Hit Pause Over Trump's Tariffs: See What Costs More Preorders will soon begin for the highly anticipated Nintendo Switch 2 console, but gamers playing as Mario and Luigi may need to spend a few more coins due to President Donald Trump's tariffs. Nintendo will open preordering on Thursday, April 24, the video game giant said in a news release on Friday, April 18. The release date of Wednesday, June 5, remains unchanged. The original Switch 2 preorder date was originally Wednesday, April 9. It was delayed two weeks in the wake of Trump's "liberation day" announcement. While the Switch 2 will still start at $449.99, Trump's tariffs will drive …

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by Chris Spiker
Sports
28-Year-Old Who Played Pro Soccer In US Dies After Fall 28-Year-Old Who Played Pro Soccer In US Dies After Fall
28-Year-Old Who Played Pro Soccer In US Dies After Fall A professional soccer player who competed in the United States and helped lead his club to a championship season has died. Aaron Boupendza, a former striker for FC Cincinnati of Major League Soccer, died on Wednesday, April 16, after falling from a building at his home in China. He was age 28. A native of the Central African nation of Gabon, he signed with  Cincinnati-based team in June 2023 as a designated player, arriving after the club transferred top scorer Brenner.  "Our hearts go out to his family, friends, and loved ones," FC Cincinnati wrote in a post on social media. "He…

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by Joe Lombardi
Business
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
Business
Trump's Tariffs Hit Nintendo: Switch 2 Preorders Delayed, Video Game Giant's Stock Tumbles Trump's Tariffs Hit Nintendo: Switch 2 Preorders Delayed, Video Game Giant's Stock Tumbles
Trump's Tariffs Hit Nintendo: Switch 2 Preorders Delayed, Video Game Giant's Stock Tumbles The Nintendo Switch 2 was hit with a Mario Kart "red shell" as preorders for the highly anticipated video game console have been delayed due to President Donald Trump's sweeping new tariffs. Preorders for the Nintendo Switch 2 won't start on their scheduled date of Wednesday, April 9. A Nintendo spokesperson confirmed the delay to the Daily Voice on Friday, April 4. Nintendo said the pause won't affect when the portable console will be released. "Pre-orders for Nintendo Switch 2 in the U.S. will not start April 9, 2025 in order to assess the potential impact of tariffs and e…

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by Chris Spiker
Business
Brace For Higher Prices: Here’s What's Expected To Cost More Due To Trump’s Tariffs Brace For Higher Prices: Here’s What's Expected To Cost More Due To Trump’s Tariffs
Brace For Higher Prices: Here’s What's Expected To Cost More Due To Trump’s Tariffs As President Donald Trump embarks on a sweeping worldwide trade war, American consumers are bracing for a significant financial impact that is expected to go well beyond sinking stocks. The administration’s newly announced tariffs, set to take effect almost immediately, will raise prices on a broad spectrum of goods, leaving households to wonder just how much more they will pay at the register. The impending tariffs are expected to affect nearly all imports, with a minimum 10 percent increase on goods from various countries.  However, the most substantial hikes will target products fr…

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by Joe Lombardi
News
Spinning Blade Dangers Spark Massive Recall Of NJ Importer's Blender Bottles Sold At Target Spinning Blade Dangers Spark Massive Recall Of NJ Importer's Blender Bottles Sold At Target
Spinning Blade Dangers Spark Massive Recall Of NJ Importer's Blender Bottles Sold At Target Nearly 200,000 blender bottles sold only at Target have been recalled because the blades can spin even when the bottle isn't attached to the base, creating a risk for serious cuts. Sakar International has issued the recall for about 199,000 Vivitar Blender Bottles, the Consumer Product Safety Commission said on Thursday, April 3. The defect allows the blades to keep spinning even when the bottle is detached from the motor. No injuries have been reported, according to the CPSC. One customer was able to remove the bottle while the blades were still moving. The bottle…

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by Chris Spiker
Business
Stocks Plunge, US Dollar Drops As Economists Warn Trump's Tariffs Are 'Worst Case Scenario' Stocks Plunge, US Dollar Drops As Economists Warn Trump's Tariffs Are 'Worst Case Scenario'
Stocks Plunge, US Dollar Drops As Economists Warn Trump's Tariffs Are 'Worst Case Scenario' Stocks plummeted on Wall Street and a wave of panic selling swept through global markets reacting to President Donald Trump's widespread "liberation day" tariffs. The tariff announcement sent stocks into their worst tailspin of 2025 so far and dragged the US dollar to a six-month low on Thursday, April 3. Trump unveiled the sweeping 10% tariffs on all imports and far steeper rates for key trade partners on Wednesday, April 2. By 11 a.m., the Dow Jones Industrial Average had plunged about 1,590 points, down 3.77%. The S&P 500 fell 4.35% – or about 247 points – while the Nasdaq …

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by Chris Spiker