Former U.S. President Donald Trump is intervening in current transatlantic trade negotiations to bolster American oil giants by pressuring the European Union to relax its landmark climate regulations—moves that threaten to weaken global environmental commitments. In recent trade discussions ahead…
Browsing: Tariffs
Homebuilder stocks rallied Thursday, in a sign that residential construction will benefit from the sweeping court ruling striking down President Donald Trump’s tariffs on imported good. Shares of D.R. Horton and Lennar, the two largest U.S. homebuilders, rose about 0.7% in early trading, alongside a similar bump…
President Donald Trump on Friday demanded Apple and other smartphone makers like Samsung make their phones in the United States or face a 25% tariff. “I have long ago informed Tim Cook of Apple that I expect their iPhone’s that…
One day after House Republicans approved an expensive package of tax cuts that rattled financial markets, President Trump pivoted back to his other signature policy priority, unveiling a battery of tariff threats that further spooked investors and raised the prospects of higher prices on…
China’s giant logistics machine was humming inside rows of metal warehouses near Ho Chi Minh City in southern Vietnam this month. Hundreds of workers packed cosmetics, clothes and shoes for Shein, the Chinese fast-fashion retailer. Recruiters needing to fill hundreds…
US President Donald Trump boasted “jobs and factories will come roaring back” when he unleashed unprecedented tariffs around the world during his “Liberation Day” address last month. But there’s one product the president is particularly eager to produce in the US:…
President Donald Trump said in a social media post Friday morning that Apple will have to pay a tariff of 25% or more for iPhones made outside the United States. “I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold…
Walmart Inc. (NYSE: WMT), the world’s largest retailer, announced on Tuesday that it will begin raising prices on a broad range of consumer goods in the coming months, citing the intensifying impact of U.S. tariffs on Chinese imports and other…
A year after the $15-billion electric vehicle project in Ontario was announced, Honda Canada is pushing the project back. The company said Tuesday it would put the plan to build an EV supply chain — which included a proposed EV battery plant and retooled…
The world’s two superpowers have reached an accord on their bruising trade war—for 90 days, at least. On Monday, the U.S. and Chinese governments announced they had agreed to slash reciprocal tariffs for 90 days as they continue to hammer out details…
