They are threatening smaller parts companies that are key to manufacturing and employ hundreds of thousands in Japan, South Korea and Germany.
Category: International Trade and World Market
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Inflation Sweetener? Denmark Plans Tax Cut on Chocolate and Coffee.
The Scandinavian country has proposed scrapping its tax on chocolate, cake and other sweets, as well as coffee, to help consumers cope with high food prices.
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Workers Who Lost Jobs to Trade Needed Help. Washington Cut the Funding.
Trade Adjustment Assistance was supposed to help people whose jobs were threatened by overseas competition, but Congress eroded its support starting in the 1980s.
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The Real Reason Americans Worry About Trade
Behind the pushback to global trade is a deep economic anxiety that a meager social safety net has caused in the United States.
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Where U.S. Medicines Are Made and How Trump’s Tariffs Could Affect Them
President Trump’s planned pharmaceutical tariffs threaten to hit many of the most common and well-known drugs that Americans take.
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Trump’s Tariffs Become a Wild Card for Board Game Makers
Trade war uncertainty is forcing board and card game publishers in the United States to make tough decisions, putting the future of the industry in jeopardy.
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Fearing Customs Chaos, DHL Joins Others in Suspending U.S. Shipments
The halt by one of the world’s largest couriers comes after President Trump eliminated an exemption on tariffs levied on imported goods valued under $800.
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British Government to Rescue Another Ailing Steel Maker
The move, which comes after a court-approved liquidation of Speciality Steel, is meant to preserve jobs and domestic manufacturing.
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Trump Starts Investigation That Could Lead to Tariffs on Wind Turbines
The tariffs would hamper a clean energy industry that the president has often railed against.
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Walmart Sees Sales ‘Momentum’ Despite Tariffs
After mixed reports from retail rivals, Walmart reported better-than-expected quarterly results and raised its sales forecast for the year.
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Europe Gets a Written Trump Trade Deal, With a Caveat for Automakers
The European Union and United States have been negotiating the joint text for weeks. The deal is much as expected, but it will delay tariff relief for European cars.
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The Trade That Binds the Indian and American Economies
President Trump focuses on the trade in manufactured goods, where India sells more to the U.S. than it buys. But the countries share a balanced trade in services.