The already battered spirits industry will see its supply squeezed if tariffs raise import costs and other countries’ retaliation closes off export markets.
Category: Economic Conditions and Trends
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Trump’s Trade War Risks Forfeiting America’s Economic Primacy
The United States has steered an economic order for 80 years based on trade and trust, making the country the world’s financial superpower. That vision is now blurred.
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Japan Lacks a ‘Viable Option’ for Retaliating to Trump’s Tariffs
Japan has refrained from talk of striking back at U.S. tariffs. Trade experts say that is because its inflation-strained economy limits its options.
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U.K. Boosts Military Spending and Cuts Welfare in ‘Uncertain World’
The changes come as President Trump’s tariff threats have disrupted global trade and added pressure to the British government’s already strained budget.
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Why These Islanders Hunt Dolphins
The residents of Fanalei Island, in the Solomon Islands, say the lucrative hunts will help them buy land elsewhere and move off their sinking home.
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China’s Tax Revenue Declines as Its Leaders Brace for Trump’s Tariffs
Tax revenues have fallen, leaving the government with less money to help consumers or exporters as Beijing braces for President Trump’s tariffs.
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Bank of England Cautious Amid Economic Uncertainty and Rising Bills
Policymakers held interest rates at 4.5 percent on Thursday as they warned of rising economic uncertainty. Households are also bracing for higher utility costs starting next month.
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Trump Has Hinted at a Xi Visit. China Is Still Wondering What He Wants.
Chinese experts say Beijing is open to talks but is being stonewalled by the State Department and other official channels.
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China Outlines Plan to Bolster Consumption in Face of Trump Tariffs
Beijing’s leaders are ordering fiscally strapped local governments to spend more to help workers, consumers and businesses.
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The Russell 2000 Index Is Flashing Economic Warning Signs
The Russell 2000, which includes small companies that are more sensitive to downdrafts in the economy than those in the S&P 500, appears likely to enter a bear market.
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Why China Is Worried About Trump’s Tariffs on Mexico
China’s exports to developing markets have soared, opening indirect routes to the U.S. market that officials in Beijing worry may be closed under pressure from President Trump.
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How a Classic French Dish Is Squeezed by Lingering Inflation
Businesses across Europe, including restaurants in Paris that make the dish, are being squeezed by sticky inflation.