The Japanese economy shrank by 1.8 percent compared to the same quarter last year, as U.S. tariffs dampened automobile exports and prompted a bleak outlook for growth.
Category: International Trade and World Market
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Pasta at Twice the Price? Some Italian Producers Face Huge U.S. Tariffs.
More than a dozen Italian pasta makers, accused of dumping their product in the United States, face tariffs of over 100 percent.
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Trump Administration Lifts Some Food Tariffs in Effort to Ease Prices
It is walking back levies on imports including beef and coffee in what critics say is an admission that tariffs raised prices in the first place.
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Trump Turns to Affordability Message Amid Economic Frustration
The Trump administration is facing backlash from American consumers as higher costs from tariffs blunt wage gains.
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Switzerland Reaches Agreement With U.S. to Cut Tariff to 15%
The deal would reduce an extraordinarily high tariff rate that had threatened to cripple Swiss exports.
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Trump Officials Prepare Tariff Exemptions, Seeking to Lower Food Prices
If the proposal goes into effect, it would be the latest rollback of one of President Trump’s key economic policies over concerns about affordability.
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The Luxury Electric Vehicle Is in Trouble
Sales of expensive battery-powered cars like the Ford F-150 Lightning have stalled, forcing automakers to slow production and offer more affordable vehicles.
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Solvay of Belgium Creates Rare Earths Deals With U.S.
The contracts are the latest sign of how Europe is lagging the United States in the race to break China’s chokehold on rare earths.
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Why Factories Will Keep Looking for Alternatives to China
A trade truce between the United States and China has calmed nerves, but it won’t stop the broader movement of companies to countries like Vietnam.
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Where the Taste of Home Comes With a Tariff Charge
For immigrant communities from countries with especially high duties, food costs have risen sharply courtesy of President Trump.
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Trump’s Tariffs Hit Specialty Grocery Stores for Some Immigrant Communities Especially Hard
For immigrant communities from countries with especially high duties, food costs have risen sharply courtesy of President Trump.
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China Tightens Controls on Fentanyl Precursors After Summit
China will require licenses for export of 13 chemicals used to make the deadly drug, another indicator of thawing tensions between the world’s two largest economies