Costco sues Trump administration for ‘full refund’ of tariffs, a move that’s sparking a lot of conversation, and for good reason. It’s a complex situation with a lot of moving parts, and it has the potential to impact both the company and, potentially, the consumers who shop there. The core of the matter is that Costco is seeking to recoup money it paid in tariffs imposed during the Trump administration.
Digging deeper into the details, it becomes clear that this isn’t just a simple case of a company wanting its money back. The tariffs in question were levied on imported goods, and the lawsuit argues that they were, in essence, an unfair tax.… Continue reading
Eight months after President Trump touted tariffs as a means of reshoring manufacturing jobs, the sector has actually contracted, with a loss of 6,000 manufacturing jobs reported in the latest jobs report, adding to the previous 59,000 lost since April. Experts attribute this decline, in part, to the uncertainty tariffs have created, which disincentivizes companies from growing their workforce by increasing production costs. Despite the shrinking industry, job postings in manufacturing remain resilient, suggesting a mismatch between available jobs and the skills of the workforce, and the value of trade schools.
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The Trump administration is reportedly planning to lower tariffs on specific imported goods, including coffee, beef, and fruit, as part of new trade deals with Central and South American countries. This move comes in response to rising grocery prices and political pressure, particularly concerning the cost of coffee. President Trump and Treasury Secretary Scott Bessent have hinted at these reductions, acknowledging the impact of tariffs on consumer costs. While this action could offer some relief, it is a limited measure, as most imports will still face higher tariffs, though it does represent a small step towards correcting the effects of the administration’s tariff policies.
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The U.S. Senate did vote in late October 2025 to end President Trump’s tariffs on Canadian and Brazilian imports, as well as global tariffs he had imposed. These actions were part of a broader effort to repeal Trump’s trade policies. The votes saw four Republican senators joining Democrats on each resolution. Although the Senate passed the three joint resolutions, they were unlikely to be brought to a vote in the House of Representatives at that time.
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Bank of America analysts assert that President Trump’s tariffs have undeniably increased consumer inflation. They estimate tariffs account for 30 to 50 basis points of the core personal consumption expenditure inflation rate. Furthermore, the analysts suggest that consumers have absorbed approximately 50 to 70% of the overall tariff costs. This indicates that tariffs could continue to drive inflation upward in the coming months.
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The US Senate voted to nullify President Trump’s global tariffs, with four Republicans joining Democrats in a 51-47 vote, marking the third instance of Republican senators opposing Trump’s tariff policies this week. This resolution, intended to end tariffs implemented by executive order, stands as a rebuke to the tariffs themselves and challenges Trump’s bypassing of Congress. This action occurred while Trump was in Asia, where he negotiated a trade deal with China, which included lowering tariffs on goods entering the country. While the Senate has taken a stand, similar action in the House of Representatives is unlikely due to a rule blocking tariff resolutions from receiving a floor vote.
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Senate passes a resolution to end Trump’s global tariffs; four Republicans side with Democrats, a move that’s certainly making waves. This is a symbolic gesture, a vote of disapproval against the trade policies of the former president. However, let’s be realistic here; the practical impact might be minimal. With Speaker Mike Johnson seemingly unlikely to bring it up for a vote in the House, and with Trump almost certain to veto anything that curtails his power, it’s more of a statement than a game-changer.
The fact that any Republicans broke ranks to support the Democrats in this is interesting, to say the least.… Continue reading
Here’s a summarized version:
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In a significant escalation of the U.S.-China trade war, President Trump announced a 100% tariff on imports from China, effective next month, adding to existing import taxes. These tariffs and export controls on “critical software” were prompted by new Chinese export controls on rare earth metals, which are crucial for numerous industries. The announcement also followed China’s imposition of port fees on U.S.-owned ships in retaliation for U.S. actions, impacting stock markets. The tariffs are expected to further complicate ongoing trade talks between the two nations, especially with a planned meeting between the presidents, while also impacting other economic relationships, such as the TikTok deal.
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The White House’s $20 billion bailout of Argentina appears to have backfired, as Argentina responded by removing soybean export taxes and securing a deal with China. This action led to a decrease in U.S. soybean prices and weakened the country’s trade leverage with China, which subsequently reduced its purchases of U.S. soybeans. This situation has angered American soybean farmers, who are facing falling prices and a loss of market share, echoing the challenges faced during the previous trade war with China. Farmers are seeking a return to positive trade relations with China to secure their markets rather than relying on government bailouts.
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Matt Underwood 
John Q. Hosedrinker