U.S. trade fell sharply as President Trump’s global tariffs began to weigh on imports.
Category: Customs (Tariff)
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Procter & Gamble to Cut 7,000 Jobs Amid Tariff Uncertainty
The reductions will come over two years as the consumer products giant seeks to reorganize.
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UK Gets Steel Tariff Exemption, but Europe Pays Double
Despite an exemption from 50 percent tariffs, Britain still has to pay a 25 percent duty because its trade deal with the United States has yet to be put in place.
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China Tries to Stop Smuggling of Rare Earths as Shortages Loom Abroad
Police officers, customs officials and spies are reinforcing China’s embargo on the critical minerals that it overwhelmingly controls.
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Trump Bemoans How ‘HARD’ It Is to Strike a China Deal
Even the president appears to be doubting his strategy to win over Beijing, as relations fray between the trading partners.
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Trump Doubles Steel and Aluminum Tariffs
The president ratcheted up the rate on foreign metals to 50 percent, saying the former levies weren’t high enough to help the U.S. industry.
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Trump Wants America to Make Things Again. Does It Have What It Takes?
President Trump wants to revive factories, using tariffs as a tool. Companies that want to re-shore manufacturing are grappling with how to do it.
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Trump’s Tariffs Expected to Drag Down the Global Economy
Economic growth will slow this year and next as the trade war hampers development in the United States and around the world, the Organization for Economic Cooperation and Development said.
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How Low Will the Dollar Go?
Trade-war angst has put pressure on the greenback this year. Wall Street thinks it’s about to get worse.
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Elon Musk Returns to His Tech Empire, Fighting Questions of Inattention
As Mr. Musk steps away from Washington, he faces concerns over his prolonged absence from his businesses including Tesla, SpaceX, xAI and X.