Data released Thursday morning showed trade rebounding slightly after President Trump’s sweeping global tariffs discouraged foreign countries from doing business with the United States.
Category: Customs (Tariff)
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Wall Street’s Bet Against the Trump Tariffs
Investors are offering to buy importers’ rights to any refunds of the administration’s levies. It’s a longshot wager that courts will overturn the tariffs.
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John Deere, a U.S. Icon, Is Undermined by Tariffs and Struggling Farmers
The tractor maker said that sales were down and that higher metal tariffs would cost it $600 million, while American farmers face dwindling overseas demand for some crops.
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In Tariff Standoff With Trump, China Boycotts American Soybeans
U.S. farmers need to sell their incoming crop, and China needs to buy it in case its main alternative, Brazil, has a flood or drought. But their trade war prevents a deal.
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Trump Asks Supreme Court to Allow His Sweeping Tariffs
A federal appeals court had invalidated a centerpiece of President Trump’s economic strategy, finding that a 1977 law did not authorize the tariffs.
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After Court Defeat, Trump Warns of Economic Chaos From Loss of Tariffs
The president and his advisers have suggested they will fight a federal appeals court’s ruling that found many of the administration’s tariffs to be illegal.
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India Was the Economic Alternative to China. Trump Ended That.
A lurch in policy has shaken the India-U.S. economic alliance against China, leaving India little choice but to consider reversing its own strategy.
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Appeals Court Rules Against Many Trump Tariffs
The decision is a big blow to President Trump’s trade policies, but the judges left the duties in place for now to allow time for a likely appeal to the Supreme Court.
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Ssense Seeks Bankruptcy Protection as Luxury E-Commerce Falters
The retailer based in Montreal cited a lender-driven sale process and the end of the de minimis loophole as final blows.
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PCE Inflation Stayed Stable in July, Keeping Fed on Track to Lower Interest Rates
The latest economic data keeps the central bank on track to lower interest rates at its next meeting in September.
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Can Cadillac Keep Selling E.V.s as Trump Repeals Climate Policies?
Electric models from the luxury car brand have been very successful, but they may struggle once a $7,500 federal tax credit ends next month.