The tariffs will allow President Trump to take a cut of Nvidia’s chip sales to China while putting off a decision about imposing higher taxes on the chip industry.
Category: Customs (Tariff)
-
Food Prices Keep Climbing, Rattling Consumers and Trump
Weather, supply, tariffs, labor and changing consumer habits continue to drive up the cost of groceries. President Trump falsely claims prices are falling.
-
Trump Credits ‘Mister Tariff’ for the Country’s Strength. Economists Beg to Differ.
Many indicators appear to suggest that the United States is growing despite tariffs, not because of them.
-
Mark Carney Heads to Beijing to Discuss Canada-China Relations as U.S. Outlook Darkens
The prime minister is seeking new markets for Canadian goods and to mend relations with China after years of deep acrimony between the two nations.
-
China’s Trade Surplus Surged 20 Percent to New Highs
A currency kept weak to help Chinese factories, combined with faltering consumer spending, propelled exports, while a campaign for self-sufficiency limited imports.
-
Trump Administration Nears Deal With Taiwan
The trade deal would cut tariffs and include a commitment from Taiwanese Semiconductor Manufacturing Corporation, the island’s chip giant, to build more manufacturing plants in the United States.
-
Europe and China Take Step to Resolve Dispute on Electric Vehicles
The European Commission allowed carmakers to volunteer limits on their imports from China instead of paying tariffs, an arrangement that could help Volkswagen.
-
Volkswagen Suffers More Than Rivals From Auto Industry Woes
The German automaker’s sales in the United States plunged last year, hit by tariffs and the end of tax credits for electric vehicles.
-
U.S. Trade Deficit Fell to Lowest Level Since 2009, Latest Data Show
The monthly trade deficit continued to shrink in October after President Trump imposed sweeping tariffs on foreign imports.
-
China Touts Hainan, Its Duty-Free Island, Amid $1 Trillion Trade Surplus
Policies meant to lure importers to Hainan, a resort island off China’s coast, signal an opening up, Beijing says. One expert calls it a “bait and switch.”
-
New Car Sales Are Rising Thanks to Purchases by the Well-Off
A larger proportion of new cars are being bought by affluent Americans as prices and interest rates for auto loans climb, analysts said.
-
Why Haven’t Trump’s Tariffs Had a Bigger Impact?
Steep import taxes have raised prices and affected U.S. businesses, but not quite as much as expected. A new report offers some reasons.