#tariffs

#tariffs

The Canadian Kitchen Cabinet Association says while it welcomes U.S. President Donald Trump's postponement of tariff increases on furniture, cabinets and vanities, the industry is still being devastated by the duties. Trump hit the sector with 25 per cent tariffs in October but paused a promised increase to a total of 30 per cent for upholstered furniture and to 50 per cent for cabinets and vanities that was set to take effect Jan. 1.

President Donald Trump signed a New Year's Eve proclamation delaying increased tariffs on upholstered furniture, kitchen cabinets and vanities for a year, citing ongoing trade talks.Trump's order signed Wednesday keeps in place a 25% tariff he imposed in September on those goods, but delays for another year a 30% tariff on upholstered furniture and 50% tariff on kitchen cabinets and vanities.

Donald Trump had threatened to impose tariffs as high as 92% on Italian pasta companies, after accusing 13 producers including Barilla, La Molisana and Pastificio Lucio Garofalo of selling their products at unfairly low prices. Italy is estimated to be responsible for $770m-worth (approximately 570m) of annual pasta sales to the US. On Thursday, Italy's government said the US Department of Commerce (DoC) had reviewed the proposed tariffs and reduced them to a range of between 2% and 14%.

The United States continues to engage in productive negotiations with trade partners to address trade reciprocity and national security concerns with respect to imports of wood products. The United States will therefore delay the increase in tariff rates for upholstered furniture, kitchen cabinets, and vanities that was set to take place on January 1, 2026, under the September 29, 2025 Proclamation for an additional year.

Australian beef producers said they were extremely disappointed after China announced a 55% tariff on imports that exceed quota levels in a move to protect a domestic cattle industry slowly emerging from oversupply. China's commerce ministry said on Wednesday the total import quota for 2026 for Australia and other countries such as Brazil and the US covered under its new safeguard measures is 2.7m metric tons, roughly in line with the record 2.87m tons it imported overall in 2024.

"It's in a good place," said Koryn Ternes, a consulting manager at IWSR. "It seems like the category is stabilizing."

As 2025 comes to a close, Donald Trump's favorable approach to cryptocurrency has not proven to be enough to sustain the industry's gains, once the source of market-wide optimism and enthusiasm. The last few months of the year have seen $1tn in value wiped from the digital asset market, despite bitcoin hitting an all-time-high price of $126,000 on 6 October.

For much of 2025, there was one big question on the minds of Social Security recipients: What would their 2026 cost-of-living adjustment (COLA) look like? In late October, seniors finally got their answer. The Social Security Administration announced that benefits would getting a 2.8% COLA in 2026. That 2.8% COLA, historically speaking, isn't Social Security's most generous. But it's also far from the smallest COLA to ever arrive.

The long-standing alliance between the US and Canada experienced a challenging year. Canadian sentiment on the US soured over Trump's annexation comments and tariffs. Here is a look back on how the relationship between the neighbors frayed in 2025. It's been a rough year for the friendship between the countries that share the world's longest undefended border.

January 20 was a turning point for the entire world: The day that Donald Trump moved back into the White House marked a significant change in the course of global politics. Within a few months, Trump had introduced punitive tariffs and restrictive visa policies, had withdrawn the US from major international structures such as the Paris climate agreement and the World Health Organization (WHO), and had dismantled most of the work of US development agency, USAID.

But 13 Italian pasta companies are looking at a much steeper tax set to arrive in January 2026. In September, the Commerce Department put out a proposal to punish these companies for "dumping" product with a startlingly high tax of around 92%. Added to the standard EU tariff, that totals a 107% increase in price, likely enough to remove these products from the shelves entirely.

Consumers confidence in the economy was shaken in December as Americans grow anxious about high prices and the impact of President Donald Trump's sweeping tariffs. The Conference Board said Tuesday that its consumer confidence index fell 3.8 points to 89.1 in December from November's upwardly revised reading of 92.9. In April, when Trump rolled out his import taxes on U.S. trading partners, the reading was 85.7.

She shared a segment from her show on social media and wrote, If I had to summarize the first year of President Trump's second term in one word, it would be: dignity. From his foreign policy to his domestic policy to his immigration policy, the goal has been restoring the dignity of the forgotten working-class men & women of this country.

For Grandma: A tariff! Did they not want tariffs? That's what we got everyone. Sorry. For Uncle Greg: A TINY CAR!!! (We're making these now.) For Her: A photoshoot with Vanity Fair. Nothing says "glamour" like Vanity Fair. Usually. But sometimes the picture they take of you comes out looking like Dorian Gray's DMV photo-unflattering, but in a way that implies deep spiritual corruption. This gives a fun Russian-roulette aspect to the gift!

Congress is going to have to send those monies to those peoples, Hassett said, before shifting to tout the current economy. But the thing we can say is that since July we have had a lot of positive news about the economy. We've had a couple of quarters of almost 4% growth. We've got a big government surplus actually running for a few months in a row. The deficit relative to last year is down by $600 billion, Hassett said.

Earlier this week, Mexican lawmakers approved a 50% tariff on Chinese imports, including everything from shoes, microwaves to electric vehicles. The measure is set to take effect next year. China is the second-largest exporter to Mexico, just after the United States. Analysts say the move signals Mexico's interest in appeasing the U.S. at a moment when both countries are set to renegotiate their free trade agreement. President Claudia Sheinbaum denies this, saying it's intended to boost domestic manufacturing.

Never before has the CMO position been more complex-or more essential to driving business results. The mark of success for any chief marketing officer is their impact on the long-term trajectory of a beloved brand. So, what does that look like in a year as chaotic as 2025, where there's been on-again, off-again tariffs, massive holding company mergers, and the continued rise of AI across the board?

Stocks rose in morning trading on Wall Street Friday and further trimmed losses from earlier in the week for several major indexes.The S&P 500 jumped 0.8%, adding to gains made on Thursday.The Dow Jones Industrial Average rose 283 points, or 0.6%, as of 10:05 a.m. Eastern. The Nasdaq jumped 1% and is now on track for a weekly gain.Technology stocks with an focus on artificial intelligence once again led the market. Nvidia jumped 3.4% and Broadcom rose 2.4%.

The Center for American Progress, a progressive think tank, released a report on Tuesday that forecasted a $17,500 cost impact per new home as a result of the Trump Administration's tariff policy. The report used an analysis from the nonpartisan Urban-Brookings Tax Policy Center to make the forecast, based on a model that predicts a $27 billion annual construction tariff impact by 2030.

2025 was the year of tariffs and a global shift in economic power. Two words that largely define the economy right now: Global reordering. President Donald Trump's Tariffs have landed as a shock to global trade. This is 2025. Major economies are rewriting their playbooks, and alliances are being redrawn. From Africa's minerals boom to the global AI race, countries

The U.S. job market is sluggish and confusing this fall. American companies are mostly holding onto the employees they have. But they're reluctant to hire new ones as they struggle to assess how to use artificial intelligence and how to adjust to President Donald Trump's unpredictable policies, especially his double-digit taxes on imports from around the world. The uncertainty leaves jobseekers struggling to find work or even land interviews.