S&P Global has affirmed its 'AA+' sovereign credit rating of the U.S. as it expects "meaningful" tariff revenue to help offset any fiscal slippage from President Donald Trump's tax and spending bill.

Medical-device maker Medtronic raised its fiscal 2026 profit forecast on Tuesday and said it expects a smaller-than-expected impact from the tariffs proposed by U.S. President Donald Trump.

If you’re one of the millions of Americans who shop with Chinese fast-fashion retailers Temu and Shein, your next order might be more expensive. Later this month, both companies are expected to raise prices on goods shipped to the U.S., as a trade loophole is set to close, according to USA Today.

Flexsteel (NASDAQ:FLXS) surged over 20% in premarket trading on Tuesday after beating quarterly estimates, overcoming tariff headwinds with strong performance in its core business and growth in new, expanded markets.

President Donald Trump boasts that his global tariffs are bringing in “much more money than the country has ever seen,” which he says could help reduce the debt and even pay for rebate checks for American taxpayers.

The Indian rupee saw its biggest rise in over a month on Tuesday over optimism that U.S. may ease its stance on the additional 25% tariffs imposed on domestic goods after Donald Trump met with the Russian and Ukrainian presidents.

Importers typically offset the tax burden in the form of higher prices for shoppers, though so far tariff-induced price increases have proven marginal. The overall inflation rate stands at 2.7%, below the 3% rate in January, before Trump took office.

The recent conclusion of U.S.-Korea tariff negotiations has yielded the first visible fruit of Seoul's proposal to launch the MASGA initiative -- "Make America's Shipbuilding Great Again."

The EU’s exports to the U.S. declined in June and hit their lowest level since the end of 2023, according to statistics agency Eurostat.

On April 2, after trading had ended for the day on Wall Street, Trump unveiled his long-awaited tariff and trade policy. He introduced a baseline global tariff of 10%, as well as revealed higher " reciprocal tariff rates " on dozens of countries that have run adverse trade imbalances with the United States.

In his reply, Minister of State for Commerce and Industry Jatin Prasada stressed that the Government is dedicated to protecting India’s national interest and supporting farmers, workers, entrepreneurs,

New bipartisan legislation aims to get “skin in the game” on trade and tariffs. The post Lawmakers take on China with new tariff bill appeared first on FreightWaves.