The Cost of Trump’s New Tariffs, and the $100 Million Popcorn Bucket Market
7/24/202616 min
Plus, the Friday news quiz.
Here’s what we’re covering:
New Tariffs as Old Ones Expire: The Latest on Trump’s Trade War, by Tony Romm, Edison Wu and Lazaro Gamio
Global Oil Price Hits $100 a Barrel for First Time Since May, by Rebecca F. Elliott
Live Updates: Iran Rejected a U.S. Cease-Fire Offer Delivered by Iraq, Officials Say, by The New York Times
House Rebukes Trump on Iran as Senate Blocks Debate, by Robert Jimison
What Now for India’s Young Protesters?, by Anupreeta Das
Salty, Buttery, Astonishingly Lucrative: The $100 Million Market of Popcorn Buckets, by Nicole Sperling
Tune in every weekday morning, and tell us what you think at: theheadlines@nytimes.com.
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Clips
Transcript preview
First 90 secondsSpeaker 10:00
[upbeat music] Nothing beats tradition, like weekly game nights at Mom's house and Tostitos. Crafted with masa made the traditional way, starting with whole corn kernels. With flavors worth gathering around, like a hint of lime and Mexican street corn, and no artificial colors, flavors, or preservatives. That's the Tostitos way. Bring Tostitos to your next game night and you'll be winning either way. Tostitos, tradition matters.
Tracy Mumford· Host0:27
[upbeat music] From The New York Times, it's the Headlines. I'm Tracy Mumford. Today's Friday, July 24th. Here's what we're covering. Just after midnight, the Trump administration imposed new tariffs of 10% on more than 80 countries, the latest move in its aggressive, controversial trade policy. For years, President Trump has argued that higher tariffs are necessary to encourage domestic manufacturing and protect American industries from foreign competition. Since retaking office, he's used them repeatedly, but that's often resulted in court challenges. In February, the Supreme Court struck down one major set of tariffs he'd put in place, so Trump turned to a different trade law as a stopgap. That had a strict time limit, though, that was set to expire today, so now Trump is using yet another trade law to put in place these new tariffs.