A 50 percent tax on European imports would hit the continent hard, hurt the U.S. economy and slow growth globally.
Category: Customs (Tariff)
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Trump Escalates Tariff Threats, Targeting Europe and Apple
The president threatened both Apple and the European Union with higher tariffs on social media Friday morning, saying that trade talks with the Europeans had stalled.
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China’s BYD Outsells Tesla in Europe for First Time
Despite steep tariffs, the Chinese carmaker leapfrogged Tesla in April, in what an analyst called a “watershed moment” for the continent’s auto market.
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Trump’s Apple Threat Complicates India’s Tariff Negotiations
Apple and India have invested years and billions of dollars in teaming up against China. India sees it as a strength. To President Trump, it looks like leverage.
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C.E.O.s Are Trying to Avoid Trump’s Ire as Tariffs Hit Their Businesses
Public companies are obligated to tell investors how tariffs could affect corporate financial results. But some are trying to do it with euphemisms to avoid the president’s anger.
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Target Says Sales Fell Short In a Challenging Economy
The retailer’s sales fell short of expectations, and it slashed its full-year financial forecast, citing a “challenging” economy and backlash over its pullback from diversity policies.
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Trump Scolded Companies for Raising Prices. Do They Have a Choice?
Economists say companies generally have to pass along the cost of tariffs. But populists on the left and right say the president may have a point.
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G7 Officials Gather Amid Headwinds From Trump’s Trade War
Treasury Secretary Scott Bessent will meet his international counterparts at a G7 finance ministers meeting in Canada.
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Trump Berates Walmart and Mattel for Warning About Tariff Price Increases
The president recently attacked Walmart, saying it should “eat” the costs rather than pass them on to customers.
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Tariff Uncertainty Threatens to Drag Down Europe’s Economic Growth
The European Union scaled back its forecast for growth in 2025 by nearly half a percent, as the jump in tariffs and surrounding chaos bite.