The Trump administration is imposing a substantial tariff on a raw material that is critical for electric vehicle batteries, which could significantly raise the cost of building EVs in the United States.

EV prices could go up by as much as $1,000 thanks to the Trump administration’s decision to impose a 93.5 percent tariff on graphite imports from China. Tesla lobbied against the levy, arguing that US-based graphite producers aren’t prepared to supply the essential battery material “at the quality and purity required by Tesla and other battery cell manufacturers.

President Donald Trump has imposed a 93.5% anti-dumping tariff on Chinese graphite, after the U.S. Commerce Department concluded that China had been selling the material in the U.S. at unfairly low prices.

The lawsuit comes a day after the newspaper published a story reporting on President Trump's ties to wealthy financier Jeffrey Epstein. The president is seeking at least $10 billion in damages.

The lawsuit accuses the newspaper and its parent company of libel after it published an article about a lewd letter bearing Trump’s name among the birthday notes collected as a gift for Jeffrey Epstein’s 50th birthday.

President Donald Trump is slated Friday to sign the first major federal law governing cryptocurrency, a business that Trump's family have begun forging strong ties to and have promoted in recent years.

A steep 50% tariff imposed by U.S. President Donald Trump has put Brazilian orange producers on high alert. As the world’s largest exporter of orange juice, Brazil relies heavily on the United States as a key market,

Brazilian President Luiz Inacio Lula da Silva on Thursday slammed Donald Trump's threat to impose 50 percent tariffs on Latin America's largest economy as "unacceptable blackmail."

Trump announced a sweeping 50 percent tariff on all Brazilian exports to the United States beginning Aug. 1. In a letter to Luiz Inácio Lula da Silva, the left-wing leader who defeated Jair Bolsonaro three years ago,