Beijing announced a new round of 50 percent tariffs in response to President Trump’s latest levies as the trade conflict between the superpowers escalates.
Category: Customs (Tariff)
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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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What Is Trump’s Tariff Endgame? Recession Fears Grow.
Another sharp sell-off in stocks and bonds greeted President Trump’s latest round of protectionist measures as fears of a U.S. recession grow.
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India’s Millions of New Investors Are Reeling From Tariff Turmoil
Legions of ordinary Indians have gone into stock trading, lured by easy online access and a market boom. Now many of them are getting a rude shock.
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U.S. Bond Sell-Off is Another Worrisome Echo of the Liz Truss Fiasco
Yields on U.S. Treasuries rose Wednesday as investors sold government bonds, usually a haven. In Britain, a sustained version of that trend in 2022 led to a prime minister’s downfall.
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E.U. Officials Set to Vote Today on First Retaliatory Tariffs
The European Union is poised to approve a plan to hit back at President Trump’s steel and aluminum levies. Further measures could come next.
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Trump’s Tariffs Will Pummel Asia. But One Country Sees Opportunity.
Factory-led economies are panicking about the steep new tariffs. Not the Philippines, which believes its role as a manufacturing alternative to China can expand.
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Trump’s Tariff Goal Is to Eliminate Trade Deficits. Economists Have Doubts.
Behind Trump’s new tariffs is a goal that is as ambitious as it is unrealistic: eliminating the bilateral trade deficit with every U.S. trading partner.
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Luxury Fashion Brands Are ‘Biting Their Nails’ Over EU Tariffs
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.
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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.