Tagged News

• Supreme Court strikes down Trump's sweeping tariffs, upending central plank of economic agenda

  February 20, 2026 9:54 AM

  WASHINGTON (AP) — The Supreme Court struck down President Donald Trump's far-reaching global tariffs on Friday, handing him a significant loss on an issue crucial to his economic agenda. The 6-3 decision centers on tariffs imposed under an emergency powers law, including the sweeping "reciprocal" tariffs he levied on... more »

• US tariffs are having an uneven effect on holiday prices and purchases

  December 15, 2025 3:52 PM

  NEW YORK (AP) — The Ah Louis Store in San Luis Obispo, California, turns into a winter wonderland every holiday season. Green garlands, giant nutcrackers, baubles and bows go up in early November on the historic downtown building that houses the gift shop. Inside, customers can choose from over... more »

• Trump's speech on combating inflation turns to grievances about immigrants from 'filthy' countries

  December 9, 2025 9:11 PM

  MOUNT POCONO, Pa. (AP) — On the road in Pennsylvania on Tuesday, President Donald Trump tried to emphasize his focus on combating inflation, yet the issue that has damaged his popularity couldn't quite command his full attention. The president told the crowd gathered at a casino and resort in... more »

• Trump says he's fixing affordability problems. He'll test out that message at a rally

  December 9, 2025 6:28 PM

  MOUNT POCONO, Pa. (AP) — President Donald Trump will road-test his claims that he's tackling Americans' affordability woes at a Tuesday rally in Mount Pocono, Pennsylvania — shifting an argument made in Oval Office appearances and social media posts to a campaign-style event. The trip comes as polling consistently... more »

• Trump is giving farmers $12B in aid. They've been hit hard by his trade war with China

  December 8, 2025 9:51 AM

  WASHINGTON (AP) — President Donald Trump announced a $12 billion farm aid package on Monday — a boost to farmers who have struggled to sell their crops while getting hit by rising costs after the president raised tariffs on China as part of a broader trade war. He unveiled... more »

• Trump meets Mexican President Sheinbaum in person for the first time at World Cup draw

  December 5, 2025 3:44 PM

  WASHINGTON (AP) — President Donald Trump has finally met with his Mexican counterpart, Claudia Sheinbaum. Their long-delayed first face-to-face discussion focused on next year's World Cup — and included side discussions about trade and tariffs — but immigration was not the top issue. That's despite Trump's push to crack... more »

• Stores keep prices down in a tough year for turkeys. Other Thanksgiving foods may cost more

  November 24, 2025 12:52 PM

  CHELSEA, Mich. (AP) — Old Brick Farm, where Larry Doll raises chickens, turkeys and ducks, was fortunate this Thanksgiving season. Doll's small farm west of Detroit had no cases of bird flu, despite an ongoing outbreak that killed more than 2 million U.S. turkeys in the last three months... more »

• Trump, like Biden before him, finds there's no quick fix on inflation

  November 15, 2025 2:04 PM

  WASHINGTON (AP) — President Donald Trump's problems with fixing the high cost of living might be giving voters a feeling of déjà vu. Just like the president who came before him, Trump is trying to sell the country on his plans to create factory jobs. The Republican wants to... more »

• Trump is ramping up a new effort to convince a skeptical public he can fix affordability worries

  November 7, 2025 4:04 PM

  WASHINGTON (AP) — President Donald Trump is adjusting his messaging strategy to win over voters who are worried about the cost of living with plans to emphasize new tax breaks and show progress on fighting inflation. The messaging is centered around affordability, and the push comes after inflation emerged... more »

• Trump may become the face of economic discontent, a year after such worries helped him win big

  November 5, 2025 12:51 PM

  WASHINGTON (AP) — President Donald Trump got a serious warning from voters that he's out of touch with their fears about a deteriorating U.S. economy. Democrats were able to run up the score in key races across the country on Tuesday by harnessing some of the same populist fervor... more »

• Consumer Reports: Early holiday shopping strategies Play Video

  November 4, 2025 2:32 PM

  Ready to get an early start on that holiday gift list? Hold on. Holiday shopping this year isn’t business as usual. Prices on many items are higher, tariffs are shifting, and timing is everything. A new report finds that consumers expect to drop their holiday gift spending by 11%... more »

• US and China say a trade deal is drawing closer as Trump and Xi ready for a high-stakes meeting

  October 26, 2025 10:31 AM

  KUALA LUMPUR, Malaysia (AP) — A trade deal between the United States and China is drawing closer, officials from the world's two largest economies said Sunday as they reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting. ... more »

• Trump ends trade talks with Canada over tariffs ad that Ontario premier now says he'll phase out

  October 24, 2025 5:18 PM

  WASHINGTON (AP) — President Donald Trump announced he's ending "all trade negotiations" with Canada because of a television ad sponsored by one of its provinces that used the words of former President Ronald Reagan to criticize U.S. tariffs — prompting the province's leader to later pull the ad. The... more »

• McAllen jewelry store owners react to rising cost of gold Play Video

  October 13, 2025 5:36 PM

  The price of gold is at an all-time high, and jewelers across the Rio Grande Valley said it’s affecting their business. An ounce of gold currently costs $4,000, about $1,200 higher than it was in Jan. 2025. Economic researchers say there are several factors behind the price increase,... more »

• Uncertainty over the economy and tariffs forces many retailers to be cautious on holiday hiring

  October 13, 2025 11:14 AM

  NEW YORK (AP) — Uncertainty over the economy and tariffs is forcing retailers to pull back or delay plans to hire seasonal workers who pack orders at distribution centers, serve shoppers at stores and build holiday displays during the most important selling season of the year. American Christmas LLC,... more »

• Trump says inflation is 'defeated' and the Fed has cut rates, yet prices remain too high for many

  October 12, 2025 12:21 PM

  WASHINGTON (AP) — Inflation has risen in three of the last four months and is slightly higher than it was a year ago, when it helped sink then-Vice President Kamala Harris' presidential campaign. Yet you wouldn't know it from listening to President Donald Trump or even some of the inflation... more »

• Trump expresses ambivalence toward the future of US-Mexico-Canada trade deal as he meets with Carney

  October 7, 2025 2:32 PM

  WASHINGTON (AP) — President Donald Trump said Tuesday that he was open to extending the free trade agreement with Mexico and Canada through a renegotiation or seeking "different deals" as he met with Canadian Prime Minister Mark Carney at the White House. Carney made his second visit to the... more »

• New Supreme Court term confronts justices with Trump's aggressive assertion of presidential power

  October 4, 2025 11:42 AM

  WASHINGTON (AP) — A monumental Supreme Court term begins Monday with major tests of presidential power on the agenda along with pivotal cases on voting and the rights of LGBTQ people. The court's conservative majority has so far been receptive, at least in preliminary rulings, to many of President... more »

• Trump to put import taxes on pharmaceutical drugs, kitchen cabinets, furniture and heavy trucks

  September 25, 2025 6:58 PM

  WASHINGTON (AP) — President Donald Trump said Thursday that he will put import taxes of 100% on pharmaceutical drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks starting on Oct. 1. The posts on his social media site showed that Trump's... more »

• The economy was a strength for Trump in his first term. Not anymore, according to recent polling

  September 24, 2025 11:24 AM

  WASHINGTON (AP) — President Donald Trump's second-term strengths look different from his first, according to recent polling. Once strengthened by economic issues, Trump's approval is now relatively low on the economy and he's leaning on his stronger issues of crime, border security and immigration. Concerns about the economy and... more »

• Texas Democrats say their voices have been silenced by partisan redistricting

  September 19, 2025 2:42 PM

  Originally Published: 18 SEP 25 06:00 ET By John King, CNN Pflugerville, Texas (CNN) — Manny Rizo is a Democrat in Texas, so he is no stranger to being on the losing side. But this one seems to sting a bit more. “Intentional gerrymandering in order to... more »

• Texas voters have mixed views on redistricting and Trump’s megabill, poll finds

  September 9, 2025 7:29 PM

  " Texas voters have mixed views on redistricting and Trump’s megabill, poll finds " was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues. Sign up for The... more »

• Apple's iPhone 17 line-up includes a new ultra-thin model and $100 price hike for Pro model

  September 9, 2025 7:20 PM

  CUPERTINO, Calif. (AP) — Apple on Tuesday rolled out its next generation iPhones, which include a new ultra-thin model and a slight price hike for one of its high-end models, while the company feels the squeeze of a global trade war. The iPhone 17 line-up includes a new slimmed-down... more »

• Supreme Court to quickly consider if President Donald Trump has power to impose sweeping tariffs

  September 9, 2025 7:17 PM

  WASHINGTON (AP) — The Supreme Court granted an unusually quick hearing on President Donald Trump's sweeping tariffs on Tuesday, putting a policy at the center of his economic agenda squarely before the nation's highest court. The justices will hear the case in November, a lightning-fast timetable by the Supreme... more »

• If Trump's biggest tariffs get thrown out, companies could get a refund - but not consumers

  September 4, 2025 11:07 AM

  WASHINGTON (AP) — President Donald Trump likes to boast about how much money the U.S. Treasury is raking in from the massive taxes – tariffs -- he's slapped this year on imports from almost every country in the world. "We have trillions of dollars coming into our country," Trump... more »

• Trump says US would be on 'brink of economic catastrophe' unless justices rule his tariffs are legal

  September 4, 2025 10:47 AM

  WASHINGTON (AP) — President Donald Trump is seeking a swift and definitive decision on tariffs from the Supreme Court that he helped shape, saying the country would be on "the brink of economic catastrophe" without the import taxes he has imposed on U.S. rivals and allies alike. The administration... more »

• A downturn in international travel to the U.S. may last beyond summer, experts warn

  September 1, 2025 11:08 AM

  LAS VEGAS (AP) — For a few hopeful weeks this summer, a bright billboard on the major highway linking Toronto to New York greeted Canadian drivers with a simple message: "Buffalo Loves Canada." The marketing campaign, which included a $500 gift card giveaway, was meant to show Buffalo's northern... more »

• Trump plans a hefty tax on imported drugs, risking higher prices and shortages

  September 1, 2025 11:06 AM

  WASHINGTON (AP) — President Donald Trump has plastered tariffs on products from almost every country on earth. He's targeted specific imports including autos, steel and aluminum. But he isn't done yet. Trump has promised to impose hefty import taxes on pharmaceuticals, a category of products he's largely spared... more »

• Government shutdown looms as Congress returns after monthlong August recess

  August 31, 2025 12:39 PM

  Congressional Republicans scored a massive victory this summer when they passed President Donald Trump's "big beautiful bill" of tax and spending cuts without a single Democratic vote. But as they return to Washington this fall after a monthlong August recess, they will have to find a way to work with... more »

• European postal services suspend shipment of packages to US over import tariffs

  August 23, 2025 12:00 PM

  ATHENS, Greece (AP) — The end of an exemption on tariff duties for low-value packages coming into the United States is causing multiple international postal services to pause shipping as they await more clarity on the rule. The exemption, known as the " de minimis " exemption, allows packages... more »

• Texas economy, job growth slowing amid trade war and immigration crackdown, Dallas fed report says

  August 13, 2025 5:52 PM

  " Texas economy, job growth slowing amid trade war and immigration crackdown, Dallas fed report says " was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues. Sign... more »

• Mexico says 26 capos sent to US were requested by Trump administration, not part of tariff talks

  August 13, 2025 5:31 PM

  MEXICO CITY (AP) — Mexico sent 26 alleged cartel figures to face justice in the United States because the Trump administration requested them and Mexico did not want them to continue running their illicit businesses from Mexican prisons, officials said Wednesday. The mass transfer was not, however, part of... more »

• Shopping for school supplies becomes a summer activity as families juggle technology and tariffs

  August 13, 2025 11:00 AM

  NEW YORK (AP) — Feeling nostalgic for the days when going back to school meant picking out fresh notebooks, pencils and colored markers at a local drugstore or stationary shop? The annual retail ritual is both easier and more complicated for today's students. Chains like Walmart generate online lists... more »

• Trump to put additional 25% import taxes on India, bringing combined tariffs to 50%

  August 6, 2025 11:14 AM

  WASHINGTON (AP) — President Donald Trump signed an executive order Wednesday to place an additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%. The tariffs would go into effect 21 days after the... more »

• US enters 90-day negotiating period with Mexico as 25% tariffs stay in place

  July 31, 2025 11:29 AM

  WASHINGTON (AP) — The United States will enter a 90-day negotiating period with Mexico over trade as 25% tariff rates stay in place, President Donald Trump said Thursday. Trump, posting on his Truth Social platform, said a phone conversation he had with Mexican leader Claudia Sheinbaum was "very successful... more »

• Trump says he's not planning to extend a pause on global tariffs beyond July 9

  June 29, 2025 2:29 PM

  WASHINGTON (AP) — President Donald Trump says he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9, when the negotiating period he set would expire, and his administration will notify countries that the trade penalties will take effect unless there are deals with... more »

• Inflation barely rose last month as cheaper gas and cars offset some costlier imports

  June 11, 2025 5:38 PM

  WASHINGTON (AP) — U.S. inflation picked up a bit last month as higher prices for groceries and some imported goods were largely offset by cheaper gas, travel services, and rents. Consumer prices increased 2.4% in May compared with a year ago, according to a Labor Department report released Wednesday.... more »

• Trump says it may be better to let Ukraine, Russia 'fight for a while' as Merz blames Putin for war

  June 5, 2025 6:17 PM

  WASHINGTON (AP) — President Donald Trump said Thursday that it might be better to let Ukraine and Russia "fight for a while" before pulling them apart and pursuing peace, even as Germany's new chancellor appealed to him as the "key person in the world" who could halt the bloodshed by... more »

• Federal court blocks Trump from imposing sweeping tariffs under emergency powers law

  May 28, 2025 7:21 PM

  WASHINGTON (AP) — A federal court on Wednesday blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law, swiftly throwing into doubt Trump's signature set of economic policies that have rattled global financial markets, frustrated trade partners and raised broader fears about inflation intensifying and the... more »

• Saying Trump exceeded his authority, 12 states ask court to strike down his sweeping tariffs

  May 21, 2025 5:14 PM

  WASHINGTON (AP) — Twelve states on Wednesday urged a federal court to strike down President Donald Trump's sweeping taxes on imports, saying he had exceeded his authority, left U.S. trade policy dependent on his whims and unleashed economic chaos. They are challenging tariffs that Trump imposed last month on... more »

• Local Business Finds Alternative for Imported Avocados Play Video

  June 3, 2019 5:17 PM

  PHARR – A 5% tariff increase may be implemented in a week for all products coming into the U.S. from Mexico. CHANNEL 5 NEWS reached out to Rio Grande Valley importer Aaron Acosta to learn about a non-tariff option for popular produce. Acosta is in corporate relations for... more »

• President’s Authority to Implement Tariffs Explained Play Video

  May 31, 2019 6:10 PM

  MCALLEN – The President has power that is given by Congress to declare emergencies and levee tariffs. Raising the tariffs on Mexican goods could impact the Rio Grande Valley economy. The peso isn’t as valuable as it was before the tariff. The idea is that Mexico is... more »

• Mexico Tariff to Negatively Impact Valley Business Owners Play Video

  May 31, 2019 5:16 PM

  MCALLEN – Business owners from the Rio Grande Valley are wondering what the impact of a tariff imposed on goods from Mexico will have on them. CHANNEL 5 NEWS spoke to the owner of Amore Produce in McAllen, Carlos Ayala. He says a 5% increase will impact his... more »