As tariffs on the European Union take effect, luxury goods makers are “biting their nails” over their treasured “Made in France” or “Made in Italy” products.
Category: Customs (Tariff)
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Another Rocky Day in Markets: Stocks in Asia Resume Their Slide
With the S&P 500 nearing a bear market, shares in Asia decline as China and other major U.S. trading partners await the start of significantly higher tariffs.
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Trump’s Tariffs Are Already Reducing Car Imports and Idling Factories
A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.
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Trump Officials Point to Outreach on Tariffs in a Bid to Calm Markets
Jamieson Greer, the United States trade representative, will tell senators the U.S. is economy is in need of “drastic, overdue change.”
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Trump’s Tariffs May Rewire Markets’ Psychology
Trade tensions have begun to force a rethink about how much investors and businesses should bet on the United States.
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Stock Market Chaos Over Tariffs Could Take Toll on Economy
A big hit to portfolios would be felt acutely by higher-income Americans, whose spending has recently been the biggest driver of the economy.
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American Whiskey Distillers Brace for Trump’s 2nd Trade War
The already battered spirits industry will see its supply squeezed if tariffs raise import costs and other countries’ retaliation closes off export markets.
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Global Leaders Rush to Woo Trump, Hoping to Sway Him on Tariffs
Dozens of foreign governments were trying to appeal to the president to have steep tariffs rolled back, but the president and his advisers have indicated negotiations could be difficult.
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Navarro Defends Trump Tariffs Amid Criticism From Elon Musk
Peter Navarro, a senior White House trade adviser, defended President Trump’s tariffs and addressed criticism from Elon Musk.