Category: Customs (Tariff)

Behind a Maine Coffee Company’s Decision to Raise Prices

Like many companies, Rock City Coffee resisted increasing prices as President Trump’s trade war drove its costs up. Then it ran out of options.
Volkswagen Hit Hard by Trump’s Tariffs

The German automaker said that the U.S. import duties erased about $1.5 billion from its profit in the first half of the year.
The World Has Too Much Steel, but No One Wants to Stop Making It

A global plunge in prices, led by increased production from China, and U.S. tariffs threaten steel manufacturing, which has long been a symbol of national might.
Why Is the Fed Renovation So Expensive? Staff Cite Tariffs and Inflation.

A sprawling $2.5 billion project to renovate the central bank’s headquarters in Washington has become the focal point of attacks from the Trump administration.
Europe Nears U.S. Trade Deal, but Stands Ready to Retaliate

Nearly every member of the European Union supports a plan to hit back against President Trump’s tariffs if no agreement is reached.
Elon Musk Sees ‘Rough’ Times Ahead

Shares in Tesla were down in premarket trading as the carmaker lays out the risks from President Trump’s tariffs and his scrapping of tax credits.
South Korea Jockeys for a Deal With Trump at Least as Good as Japan’s

The agreement Japan secured has added pressure on South Korea to defuse the threat of high tariffs on its exports to the United States.
How a Chinese Border Town Keeps Russia’s Economy Afloat

The flow of goods in Manzhouli, China’s main border crossing with Russia, underscores increasingly close ties between the two countries, complicating China’s relationship with Europe.
How Trump’s Japan Deal Could Give Japanese Cars a Leg Up in the US

President Trump’s 15 percent tariff on cars from Japan has angered U.S. automakers, which make cars in Canada and Mexico subject to 25 percent tariffs.
Investment Fund Seals Trade Deal for Japan and Expands Trump’s Influence

President Trump will get to decide where to invest Japanese money and the United States will keep 90 percent of the profits, the White House said.
Trump’s Tariffs Are the Highest in a Century. But After His Threats, They Seem Like a Relief.

The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up.
Tesla Expected to Report Falling Profit as Car Sales Fall

Elon Musk has said that robotaxis are the company’s future, but most revenue still comes from cars.