But automakers can’t absorb the cost forever and will soon begin to raise new car prices, analysts say.
Category: Customs (Tariff)
-
What Lobsters and Chickens Reveal About Europe’s Trade Strategy
The European Union struck a trade deal that protected political priorities, like chicken and beef standards, while allowing headline-grabbing concessions. Consider lobsters.
-
Why Are Tariffs on Switzerland So High?
President Trump sees Switzerland as doing too little to address its trade deficit with the U.S., a gap he focused on as he imposed a 39% tariff on Swiss goods.
-
New Tariff on ‘Transshipped’ Goods Mystifies Importers
The Trump administration levied a hefty tariff on goods that are moved through other countries, but it has not yet fully explained its plans.
-
What a Trump Loyalist at the Fed May Mean for Markets
Stephen Miran, a close adviser to the president who is likely to become a governor at the central bank, has pushed for a weak dollar and lower interest rates.
-
Taiwan Strained by 20% Tariffs, No Trade Deal and Political Uncertainty
Taiwan’s export manufacturers are facing steeper U.S. tariffs than their neighbors got and getting squeezed by an appreciating currency.
-
Japan Says Trump to Correct ‘Extremely Regrettable’ Error in Tariff Order
Tensions have been mounting between the United States and Japan as both sides appear to have starkly different interpretations of a trade deal finalized last month.
-
Swiss Businesses Fear Being ‘Annihilated’ by One of the World’s Highest Tariffs
Goods shipped from the country face a 39% tariff in the U.S., which companies warn will have dire consequences if President Trump cannot be quickly dissuaded.
-
Trump’s Tariffs Could Raise Prices on Many Consumer Goods
The tariffs are driving up prices on everyday goods as businesses warn they can no longer absorb costs, leaving consumers to foot the bill.
-
Effect of U.S. Tariffs on British Companies ‘Milder Than Feared,’ Central Bank Says
Britain’s economy is driven by domestic factors more than global ones right now, the governor of the Bank of England said on Thursday, when the central bank cut interest rates.
-
Markets Rise, Taking Steeper Tariffs in Stride
Major indexes in Asia and Europe posted gains and U.S. futures climbed in premarket trading.