Newark, NJ
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
Hartford, CT
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
Newark, NJ
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
Arlington, VA
Business
VA Small Business Joins Group Suing Trump Over Tariffs: 'Unprecedented Power Grab' VA Small Business Joins Group Suing Trump Over Tariffs: 'Unprecedented Power Grab'
VA Small Business Joins Group Suing 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
Hartford, CT
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
Potomac, MD
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
Potomac, MD
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
New Rochelle, NY
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
Bethesda, MD
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
Arlington, VA
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
Arlington, VA
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
Arlington, VA
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