The president said he would counter Beijing’s tariffs — which came in response to Mr. Trump’s own levies — with even more tariffs on Chinese imports.
Category: Customs (Tariff)
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U.S. Markets Swing Wildly as Trump Admin Denies 90-Day Tariff Pause Report
It was not clear where the report, that President Trump was considering a pause on his expansive tariffs, had originated. The White House called the claim “fake news.”
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What Is a Bear Market? Are We in One?
A bear market occurs when stocks fall 20 percent from a recent peak. As global markets continue their meltdown, here’s what it means for your money and the economy.
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JPMorgan Chase CEO Jamie Dimon Warns of Economic Pain From Trump’s Tariffs
In his annual letter to shareholders, Jamie Dimon, the chief executive of JPMorgan Chase, wrote that a trade fight could dampen consumer and investor confidence and increase inflation.
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Britain Eases Rules on Electric Vehicles as Auto Tariffs Hit
Even before the latest tariffs by the Trump administration, Britain’s car industry was struggling.
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Does Trump Have an ‘Off Ramp’ From His Trade Fight?
With global markets again in free-fall, the president appeared to be losing support of business leaders, raising questions about his leverage in his trade fight.
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Europe Is Ready to Make Its First Countermove to Trump Tariffs
European Union officials will vet and vote on a list of retaliatory tariffs this week, while contemplating what comes next.
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Trump’s Trade War Raises Bar for Fed Rate Cuts
Tariffs set to take effect this week risk stoking even higher inflation and slower growth than expected, complicating the central bank’s decisions on monetary policy.
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‘The Tsunami Is Coming’: China’s Global Exports Are Just Getting Started
A staggering $1.9 trillion in extra industrial lending is fueling a continued flood of exports that could be spread even wider across the world by the Trump tariffs.
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Gulf Coast Shrimpers See Hope in Trump’s Tariffs
After years struggling to compete with cheaper, farm-raised imported shrimp, shrimpers from Florida to Louisiana are optimistic that the new tariffs will help them.
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China Tries to Downplay the Trade War’s Effects on Its Economy
Faced with economic disruption, Beijing is presenting itself as too powerful to succumb to U.S. pressure. It is also censoring criticism at home.
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China Downplays the Trade War’s Effects on Its Economy
Faced with economic disruption, Beijing is presenting itself as too powerful to succumb to U.S. pressure and casting itself as a responsible champion of fair trade.