The Best Way to Replace Trump’s Lost Tariff Revenue? Ask Joe Biden.
Or, as Mayor-elect Zohran Mamdani would say: Tax the rich. Source link
Tag
tariff
Trump’s Tariff Supreme Court Case Is Already Going Off the Rails
“We should start, tonight, with ‘the country’s open,’ congratulations, then we should pass voter ID, we should pass no mail-in voting, we should pass all of the things we want to pass to…
Tariff Challenges Impact Steve Madden in Q3, But Kurt Geiger Boosts Results
Shares of Steven Madden Ltd. fell in pre-market trading after the company posted third quarter results that reflected a miss on Wall Street’s revenue estimate. The shares were down 1.31…
Trump’s Tariff Case Is a Chance for the Supreme Court to Limit Emergency Powers
Such an outcome could prevent future progressive administrations from abusing the same law in, say, the name of climate change. Source link
Industrial giants regain footing as tariff turmoil recedes
US industrial companies at present are reporting their best year-on-year revenue growth, since the first quarter of 2023 at 6.3% INDUSTRIAL companies have been on a roller coaster this…
Volkswagen skids into the red on US tariff hit, Porsche woes
Volkswagen’s operating loss in Q3 was down from a 2.8-billion-euro operating profit for the group a year earlier An expensive course correction at subsidiary Porsche dealt Volkswagen a…
Adidas sees 120-million-euro Trump tariff hit
German sportswear giant Adidas said Wednesday (Oct 29) that it expected US President Donald Trump’s tariff blitz to cost it 120 million euros (S$180.7 million) for the year. The tariffs…
Eurozone to get hard data on tariff damage as ECB sets rates
Analysts expect the bloc to maintain the minimal 0.1% expansion it managed in the three months to June Europe will get a rigorous economic health-check this week, helping gauge the impact…
Anwar says chip tariff not an issue for now after Trump meet
Malaysian Prime Minister Anwar Ibrahim said that US President Donald Trump told him the US and Malaysia will deal with US tariffs on semiconductors “at the appropriate time”. “For now,…
Trump mounts blitz to defend tariff plans ahead of 'most important case ever' at Supreme Court
President Trump is sharpening his focus on a Supreme Court fight that could upend his sweeping trade agenda, dubbing it a historic case and terminating Canadian trade talks over alleged…
New York Luxury Bridal Fashion Week Finds a New Base
New York’s leading bridal trade show Mélange de Blanc and The Bridal Council have teamed up to debut a reimagined New York Luxury Bridal Fashion Week to corral bridal designers, buyers and…
STI slips 0.8% amid regional sell-off after Trump’s latest tariff escalation
Property developer UOL is the STI’s top gainer, rising 2.4% or S$0.19 to S$8.15 Shares on the Singapore bourse closed lower on Monday (Oct 13), tracking regional losses as investors…
Citi, JPMorgan tout China value stocks as haven amid tariff risk
Banks with strong profit and dividend records are top buy picks, analysts recommend The latest flare-up in Sino-American trade tensions is reason for investors to shift allocation towards…
Trump’s promised 100% tariff on China is escalating the trade war to new, turbulent levels
The trade war between the U.S. and China is heating up: On Friday, U.S. President Donald Trump lashed out at Beijing after China said it would tighten control over rare earth mineral…
Europe: Trump's fresh tariff threats knock Europe stocks to weekly loss in last-minute slide
European shares tanked on Friday (Oct 10), erasing weekly gains in a last-minute slide as renewed trade war fears sparked by fresh threats from US President Donald Trump rattled investors’…
Trump tariff threat pushes oil to five-month low
Brent and US crude futures fell more than US$2 a barrel, or more than 3 per cent, on Friday (Oct 10) as US President Donald Trump’s threat to impose increased tariffs on China cast a…
Trump heaps a 100% tariff on Chinese goods as payback for Beijing's restrictions on rare earths
President Trump says he will impose a 100% tariff on all Chinese imports in response to Beijing's move to restrict rare earths and other exports, as a trade war between the world's largest…
Trump’s New China Tariff Threats Have the Industry on Edge as Stocks Take Big Dive
has a new tariff headache, courtesy of U.S. President Donald J. Trump. Trump on Friday threatened a round of “massive increase” of tariffs on Chinese imports to the U.S., according to a…
Trump Should Use His Tariff Instincts to Lower Drug Prices
The president has an opportunity to pressure foreign leaders into delivering a fair prescription drug market for Americans. Source link
BMW cuts annual guidance on weak China sales, tariff costs
The slack demand for luxury EVs is hitting automakers already dealing with muted growth in Europe and duties in the US BMW lowered its financial guidance for the year on persistently weak…
White House says it will redirect tariff revenue to keep WIC afloat during shutdown
The Trump administration is diverting tariff revenue to keep food assistance for low-income women and children afloat during the government shutdown, White House press secretary Karoline…
Time to Spring Trump’s Tariff Trap
As a condition of ending the shutdown, Democrats should curb the president’s tariff powers. Source link
Pfizer’s drug price cuts yield three-year Trump tariff reprieve
The US president has repeatedly pressured companies to bring their US prices in line with what foreign countries pay Pfizer secured a reprieve from US President Donald Trump’s…
The Trump Administration’s Tariff ‘Plan B’ Has an Ominous History
The White House is warning of a new Great Depression while invoking a statute that contributed to the original. Source link