Loloi stockpiled rugs from India, Turkey and other countries in advance, but inventory is running low.
Category: Customs (Tariff)
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As Trump Heads to Iowa to Trumpet Economy, Many Residents Feel Pain
Farmers are critical to Iowa’s economy. They have been battered by President Trump’s tariffs and are not yet experiencing the “golden age” that the president promised.
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In Trump’s Shadow, India and the European Union Expand Trade Ties
After nearly 20 years of negotiations, the two sides struck a far-reaching agreement that officials called “the mother of all trade deals.”
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Trump Says He Will Raise Tariffs on South Korea to 25%
President Trump threatened to increase tariffs on South Korean exports, including cars, citing the country’s slow ratification of a trade deal.
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U.S. Automakers’ Foreign Troubles Now Extend to Canada
U.S. trade policy has devastated the Canadian auto industry and pushed the country to reach an agreement that will make it easier for Chinese companies to sell cars there.
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Trump Returns to a Familiar Role: Sowing Trade Chaos
The president’s quick reversal on tariffs over Greenland was another sign of his willingness to rip up the international order — even parts of it that he himself has made.
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China Wins as Trump Cedes Leadership of the Global Economy
The president used a keynote speech at the World Economic Forum in Switzerland to renounce the last vestiges of the liberal democratic order.
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Greenland Tensions Rattle Global Markets
A slump in U.S. stocks spilled into markets in Asia and Europe on Wednesday, ending a period of relative calm.
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Trump Threatens New Trade War as Court Weighs Whether to Check Him
President Trump may be on the verge of having his authority on imposing tariffs curtailed, but that hasn’t slowed down his threats.
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Bessent Attended a Supreme Court Argument. Now He’s Telling Powell Not To.
Treasury Secretary Scott Bessent said it was a mistake for Jerome Powell to attend arguments in a case on Fed independence. But Mr. Bessent attended a tariff case.
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The Trump Drama Hits Davos
Greenland, tariffs and wobbling markets are the talk of the town at the World Economic Forum ahead of the president’s arrival on Wednesday.
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Trump’s First Year Could Have Lasting Economic Consequences
President Trump’s policies have so far done little to change the overall state of the American economy, but economists warn they will ultimately weaken the United States.