The measure is aimed at countering China’s dominance of commercial shipbuilding and helping to revitalize the American industry.
Category: Customs (Tariff)
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Asia Markets Fall After Trump Threatens New Tariffs on China
Investors reacted to a pledge from the president on Friday to impose a “massive” new tariff on Chinese imports.
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China Flexed. Trump Hit Back. So Much for the Thaw.
Beijing’s trade curbs and President Trump’s tariff threats show how quickly calm can give way to confrontation between the two largest economies.
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S&P and Nasdaq Slump as Stocks Fall on Trump China Tariff Threat
The S&P 500 slumped more than 2 percent for the first time in six months, rattling investors after a long stretch of gains.
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Trump to Announce a Drug Pricing Deal With AstraZeneca
The move would follow a similar agreement with Pfizer. Other companies are engaged in talks with the White House that would help them avoid tariffs on their products overseas.
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Germany’s Top Economist Charts a Path Out of Europe’s Crisis
Joachim Nagel, the president of Germany’s central bank, warned against “complacency” in European capitals over tariffs, competition with China and attacks on institutions.
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E.U. Proposes 50% Steel Tariffs as Trump Effect Ripples Around World
European officials want to sharply lower the bloc’s quota on tariff-free steel imports, while doubling levies to 50 percent, as President Trump’s tariffs create domino effects.
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Global Trade Growth to Slow Sharply Next Year, W.T.O. Says
The World Trade Organization said trade growth had proved more resilient in 2025 than expected, but would slow next year as result of President Trump’s tariffs.
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Trump to Unveil Farmer Aid as China Shuns U.S. Crops
As it did in 2018, the White House plans to dole out relief funds to struggling U.S. farmers who have lost their biggest customer.
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New Tariffs Could Worsen America’s Housing Crisis
President Trump’s tariffs on timber, wood, furniture and kitchen cabinets could raise the cost of building and buying a home.
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Nike’s Sales Rise Slightly, While Profit Falls 31%
The sneaker giant is trying to execute a turnaround plan while battling rising tariffs and tighter margins.
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Trump Officials Flesh Out Tariffs on Kitchen Cabinets, Furniture and Timber
The White House set a relatively low tariff on imports of timber and lumber, and a significantly higher tariff on furniture and kitchen cabinets.