Once a cog in the Malaysian economy, the solar industry profited from Chinese investment. Now it’s becoming a case study of what happens when the United States closes its markets.
Category: International Trade and World Market
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After a Lag, Consumers Begin to Feel the Pinch of Tariffs
There are growing signs that President Trump’s levies are filtering through to consumer prices, as companies exhaust options for keeping them stable.
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India Will Buy Russian Oil Despite Trump’s Threats, Officials Say
President Trump said last week that he would punish India if it did not cut off Russian oil imports, but he did not specify what the penalty might be.
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Ahead of Trade Deadline, Firms Rushed Goods Out of Duty-Free Warehouses
By keeping inventory in bonded warehouses or foreign trade zones, importers were able to hedge the tariff rate they ultimately paid.
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Stock Market Posts Worst Week in Months on Renewed Economic Fears
Data showing cracks in the U.S. labor market and President Trump’s newest barrage of tariffs shook investors around the world, weighing on stocks, the dollar and more.
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How Tariffs Raise Costs for Farmers, Making Food More Expensive
The latest round of tariffs is likely to make agricultural production even more expensive and, potentially, limit access to goods not produced in the United States.
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Trump Turns to Untested Tariffs to Reorder Global Trade
President Trump has long wanted to rework world trade. The tariffs set to go into effect next week will carry out that plan.
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Stocks Drop as Trump’s New Tariffs Weigh on Markets
President Trump’s newest barrage of tariffs, major corporate earnings reports and an imminent reading on the U.S. labor market weighed on markets.
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Exxon Chief Says Demand for Oil Remains ‘Very, Very Strong.’
The largest U.S. energy companies reported their lowest second-quarter profits in years, as tariffs have weighed on oil prices.
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With New 40% Tariff, Trump Takes Aim at U.S. Dependence on China’s Factories
President Trump’s executive order carved out a special tariff on goods shipped indirectly to the United States by way of other countries.
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Switzerland Is Stunned by 39% U.S. Tariff, Among the Highest in the World
Swiss officials plan to negotiate furiously for a lower rate in the coming days, before the punishing levy takes effect.
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Cambodia Agrees to a Reduced Tariff and Breathes a Sigh of Relief
Initially 49%, it was lowered to 19%, easing worries of a damaging hit to the country’s garment and footwear production industries.