Tariff-related ruction appears to be settling down, but U.S. President Donald Trump is still reshaping global trade and industry — and everyday life.

Hundreds of different goods just got a lot more expensive to import into the United States, now that President Donald Trump’s 50% tariff on steel and aluminum has kicked in.

Three months after stating the company had no plans to increase prices due to tariffs, Home Depot has backtracked. On Monday, the national home improvement retail chain confirmed to the Wall Street Journal that it plans some “modest price movement” as the tariffs increase.

Roman Babushkin, the Chargé d’Affaires of the Russian embassy in India, has said that Indian goods affected by American tariffs are welcome in Russia. He further said that Russia has mechanisms to keep exporting oil to India despite various barriers.

Treasury Secretary Scott Bessent on Tuesday threw cold water on the idea that Americans could soon receive tariff rebate checks.

Hundreds of consumer items that contain the metals, such as motorcycles, are now subject to new and abrupt tariffs. President Donald Trump stunned the logistics industry by widening his steel and aluminum tariffs to include more than 400 types of consumer items that contain the metals, such as motorcycles and tableware.

Treasury Secretary Scott Bessent told Fox News on Tuesday that the United States has had very good talks with China regarding tariffs as the countries attempt to reach a trade deal during a 90-day pause in tariff implementation.

In August 2025, a rumor circulated that the state of Nebraska was on the verge of bankruptcy — $500 million short of its budget because of the economic damage tariffs and labor

Until now, America’s largest home improvement retailer has limited what it has said about the impact of tariffs on its prices. But after reporting quarterly results Tuesday, CFO Richard McPhail said Home Depot would have to implement some price increases as a result of the Trump administration’s taxes on imports.