The iPhone maker warned that it may take a $900 million hit from President Trump’s levies, showing that even powerful companies aren’t immune from the trade war.
Category: Protectionism (Trade)
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GM Cuts Profit Forecast by 20% and Says Auto Tariffs Will Cost It Billions
General Motors now expects to earn a lot less than it did before President Trump imposed 25% tariffs on imported cars and auto parts.
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How Trump May Unintentionally Cut Carbon Emissions
Despite his administration’s lack of concern about climate change, a recession would give the atmosphere a break. At least in the short term.
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U.S. Gas Industry Pushes Back on Trump Shipbuilding Rules
The main oil and gas trade group wants the Trump administration to reconsider maritime rules released in April that would require it to use some U.S. ships to transport liquefied natural gas.
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Trump’s 100-Day Economic Report Card
Market chaos and economic uncertainty has been a feature of the president’s first few months back in office. DealBook breaks down the milestones, and what to expect next.
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Trump Administration Looks to Take Steps to Ease Pain From Car Tariffs
The planned concessions to give automakers more time to relocate production to the United States would still leave substantial tariffs on imported cars and car parts.
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Why Trump’s Economic Disruption Will Be Hard to Reverse
The president’s turnover of the economic order has unleashed changes that could prove lasting, because other countries will adjust.
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Will Cars, Phones and Other Goods Be Too Big to Tariff?
Washington and Beijing increasingly look likely to de-escalate their trade war. But the economic damage and ongoing uncertainty may persist for a while.
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Has Trump’s Tariff Fight Passed Its Peak?
Many investors and business leaders increasingly believe President Trump will dial back his trade battles. Not everyone is willing to commit to that bet.
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Trump Team Races to Form Trade Deals After Tariffs Sow Global Chaos
The president’s threats of tariffs have brought countries like Japan, South Korea and India rushing to negotiate, but they have sown chaos with bigger trading partners like China.
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Investors Prefer the ‘Nice’ Trump, but Want Results
Global markets are rebounding as the president softened his protectionist rhetoric and his criticism of the central bank. But investors want to see results on trade.
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How Trump’s Fed Fight May Undermine His Trade Negotiations
A flight from U.S. assets, including the dollar, could worsen if the president continues his attacks on the Federal Reserve, analysts warn.