Minnesota furniture business braces for possible tariff impact
A 46% tax on imports from Vietnam, the world's top furniture builder, will take effect after a 90-day pause unless a deal gets done.
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A 46% tax on imports from Vietnam, the world's top furniture builder, will take effect after a 90-day pause unless a deal gets done.
Technology stocks surged after the Trump administration announced exemptions on smartphones, computers and other electronics from tariffs. That has some wondering whether now is the time to go ahead and buy certain gadgets, or whether it's smarter to wait.
President Trump's approvals on economy and inflation dip, as Wall Street has one of its most volatile weeks in recent years.
Republican and Democratic lawmakers' phones are ringing off the hook with calls about tariffs. Democratic Congresswoman Kelly Morrison joins WCCO's Esme Murphy to talk about what they've been hearing from constituents.
Several Minnesota companies are adapting to how they do business due to the ongoing tariff concerns.
Local businesses are adjusting and pivoting how they do business as trade war concerns grow.
At the Twin Cities Auto Show, some shoppers worry about what could be down the road following a 25% tariff on vehicles and auto parts imported into the U.S.
Some shoppers at the Twin Cities Auto Show in Minneapolis are worried about what could be down the road after President Trump initiated a 25% tariff on all car imports and car parts. Frankie McLister speaks with some potential car buyers about their concerns.
Small businesses, usually defined as enterprises with fewer than 500 employees and revenue of less than $7.5 million, make up nearly half of all private-sector employment in the U.S. Many say that the tariffs will make it impossible to function.
Consumer sentiment fell sharply in April for the fourth straight month as the trade war fuels worries about inflation and employment.
Despite thousands of miles and an ocean between them, some Minnesota businesses rely on deals with China.
Their job is to sell pre-packaged fun, but they say these past few days have been anything but. It’s all because of where the product is coming from. President Trump clarified Thursday that the tariffs on China are now 145%, not 125. Retailers tell our Adam Duxter that they can’t afford to play with prices like these.
President Trump had brushed off the stock market's plunge, but turmoil in the bond market got his administration's attention.
Stocks wiped out a good chunk of their historic gains from Wednesday. Not even a better-than-expected report on inflation was enough to stop the dive. The report shows movement in the right direction, but tariffs remain a wildcard for inflation. As Erica Brown reports, the Trump administration says trade partners are eager to negotiate.
The president of the Minnesota Farmers Union says members are hurting due to the president’s actions.
As Trump leaves China alone in facing high U.S. tariffs, Beijing says "the door to talks is open," but dialogue must come with "mutual respect."
President Donald Trump announced on Wednesday a 90-day pause on most of his new tariffs. Democrats claim the president walked back his plan because he was feeling the negative impacts. While most of those new tariffs are on pause, China is the exception. Tariffs keep rising on both sides as each country retaliates.
Beth Benike is using social media to share her fears over the Chinese tariffs now in effect for her business, Busy Baby.
U.S. stocks soared today as President Trump paused higher tariffs for 90 days — except for China. For one small business in Zumbrota, whose product is made in China, the news doesn't provide a solution but options. Derek James explains how the owner is navigating an uncertain future.
The U.S. stock market surged immediately after President Trump announced the pause on most of his new "reciprocal tariffs."
U.S. stocks soared today as President Trump paused higher tariffs for 90 days — except for China. For one small business in Zumbrota, whose product is made in China, the news doesn't provide a solution but options. Derek James explains how the owner is navigating an uncertain future.
President Trump announced reciprocal tariffs on about 90 countries, including China and the European Union. Here's the list.
As President Trump's reciprocal tariff tax take hold, China is reacting with an increase in tariffs of U.S. goods. WCCO Natalie Brand reports from the White House.
A large share of veggies, fruits and nuts are purchased from Mexico, Canada and China, things like apples, avocados, bell peppers, peaches and tomatos. Their prices could go up more than 6%, and your morning cup of coffee could go up more than 10%.
Inflation has already stretched wallets, and now faced with additional higher costs due to tariffs, many Minnesotans are adapting by visiting their local thrift stores.
