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The United States is set to impose 50% tariffs on $20 billion worth of Canadian products early Saturday after last-ditch negotiations failed to resolve the latest strain in already tense relations between the historic allies. President Donald Trump’s import taxes will hit about 5% of what Canada ships to the United States every year, including products ranging from hockey sticks to tongue depressors. But the political impact will likely be even bigger than the economic fallout. Canada has threatened to retaliate against any new tariffs with levies of its own, aggravating a trade fight between countries that sold each other $880 billion worth of goods and services last year.
AP
The 2021 Supreme Court decision allowing college athletes to earn from endorsements led to hopes that charities would benefit. Some nonprofits did see gains, like the Youth Leadership Foundation, which partnered with University of Maryland athletes. However, the financial benefits primarily went to athletes, with payments reaching nearly $2 billion annually. The IRS later ruled that NIL collectives didn't qualify for tax exemption, leading to closures. Experts say the connection between athletes and nonprofits isn't automatic. Initiatives like NIL4Good aim to encourage student athletes to give back, but challenges remain in educating them about philanthropy.
AP
A growing number of states are providing tax dollars to university athletics. The move comes as major college sports programs now are paying millions of dollars to athletes. The financial battle for the best athletes has strained many athletic departments, which are now running deficits. North Carolina and Louisiana are earmarking sports betting taxes for their universities. Wisconsin has added money in its state budget for athletic costs at its flagship university. And Connecticut has created a tax credit program to benefit university athletics. Analysts see the state funding efforts as an emerging trend.
AP
Canada has dodged President Donald Trump’s threat of 50% tariffs — at least for now. Trump went on social media late Tuesday to say he was pausing for three days the taxes on $20 billion worth of Canadian imports less than two hours before they were set to go into effect. Speaking to reporters at the White House Wednesday, Trump said that talks with Canada yielded a “very fair deal for both” sides. Here's what to know about the tariff threat and the emerging deal.
AP
PITTSBURGH, PA / ACCESS 69wire / August 19, 2026 / In an increasingly uncertain economic environment, successful retirement planning require…
AP
More governors are shifting their stances or taking more steps to squeeze data centers, as the midterm elections near and public opinion sours on the energy-hungry behemoths. The backlash to the server warehouses is enveloping races for governor in some of the nation’s biggest states and presidential battlegrounds. On Tuesday, Pennsylvania Gov. Josh Shapiro, a Democrat, said his administration would no longer put data center projects at the head of the line when it comes to issuing construction permits or granting tax exemptions if they don’t meet certain standards. Meanwhile in Texas, Democratic challenger Gina Hinojosa released a TV ad in rural markets accusing Republican Gov. Greg Abbott of selling out residents to data center executives and companies.
AP
CHICAGO, Aug. 18, 2026 /PR69wire/ -- Cook County Treasurer Maria Pappas announced today that property owners can now go to cookcountytreasur…
AP
A Maryland state tax court has struck down the state’s tax on digital advertising. The court says the tax violates the federal Internet Tax Freedom Act and parts of the U.S. Constitution. The decision, issued Friday, orders the state to repay digital ad tax money collected from companies like Apple and Google. Maryland introduced the tax in 2021 to fund education, expecting to raise $250 million annually. The law targeted large companies with global revenues over $100 million. Maryland officials disagree with the ruling and plan to continue the legal fight. The case has been closely watched by other states considering similar taxes.
AP
Shoppers unexpectedly cut their spending in July as a boost from government tax refunds faded.Retail sales slipped 0.6% last month, the biggest drop since May 2025 from a revised gain of 0.2%, according to the Commerce Department data released Friday.There was a notable bump in spending in both April and May as Americans dipped into their tax refunds.
AP
Americans unexpectedly cut back on spending last month as a boost from government tax refunds faded.