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Business and Economic News

One year later: How tariffs are changing trade, travel, and ties between the U.S. and Canada

One year later: How tariffs are changing trade, travel, and ties between the U.S. and Canada

MPR News host Angela Davis and senior economics contributor Chris Farrell explore how the Trump administration’s tariffs on Canada have affected both countries over the last year.
by Angela Davis, Chris Farrell and Cari Dwyer

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Businesses can claim refunds starting Monday for Trump tariffs declared unconstitutional

Businesses can claim refunds starting Monday for Trump tariffs declared unconstitutional

A refund system for businesses that paid tariffs which the U.S. Supreme Court eventually struck down is scheduled to launch on Monday. U.S. Customs and Border Protection says importers and their brokers will be able to begin claiming refunds online beginning at 8 a.m.
by The Associated Press

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This tariff-refund portal is about to be America's hottest website

This tariff-refund portal is about to be America's hottest website

Exactly two months after the Supreme Court struck down most of President Trump's tariffs, the U.S. government has set Monday as the day when some companies can begin requesting refunds.
by Alina Selyukh

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Oil tumbles 10% as Wall Street rallies to another record after Iran reopens the Strait of Hormuz

Oil tumbles 10% as Wall Street rallies to another record after Iran reopens the Strait of Hormuz

Oil prices are falling by more than 10 percent, and Wall Street is rallying toward another record after Iran said the Strait of Hormuz is fully open, which would allow oil tankers to exit the Persian Gulf again and carry crude to customers worldwide.
by The Associated Press

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NPR receives $113 million in charitable gifts

NPR receives $113 million in charitable gifts

"My hope is that this commitment provides the stability and the spark NPR needs to innovate boldly and strengthen its national network," says Connie Ballmer, who gave $80 million of the $113 million.
by David Folkenflik

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