Trump hitting EU, Mexico with 30% tariffs
President Trump is implementing 30% tariffs on the European Union and Mexico starting Aug. 1. Source link
Tag
Tariffs
Wall Street Ends Lower as Trump Targets Canada with Tariffs, Nvidia Hits $4 Trillion
The impact of the US president's tariff threats was evident in the US markets. Wall Street slid on Friday, led by a decline in Meta Platforms, after Donald Trump announced that the U.S.…
Oil rises over 2% as investors weigh market outlook, tariffs, sanctions
Oil prices rose over 2 per cent on Friday (Jul 11) as the International Energy Agency (IEA) said the market was tighter than it appears, while US tariffs and possible further sanctions on…
Europe: Stocks down with bank and healthcare drag, US-EU tariffs in focus
European shares closed lower on Friday (Jul 11), as losses in banks and healthcare stocks weighed at the end of a week marred by US President Donald Trump’s tariff announcements, with the…
Trump Tariffs Hit America’s Furniture Heartland as Howard Miller Company Announces Closure
U.S. President Donald Trump’s tariffs have begun to shrink the furniture industry, taking with it two historic names: the Howard Miller Company and Hekman, two Michigan-born firms steeped…
Claire’s Could Sell Itself Via Bankruptcy Amid Tariff, Debt Struggles
A high debt load and added costs from higher tariffs is pushing the U.S. operations of tween retailer Claire’s to the brink. The accessories firm — which sells an assortment of jewelry,…
Stocks drop after Trump sets tariffs on Canada
Global stocks fell on Friday after U.S. President Donald Trump intensified his tariff war against Canada, leaving Europe squarely in the firing line, sparking a modest investor push into…
Trump plans to hike tariffs on Canadian goods to 35%
President Donald Trump said in a letter that he will raise taxes on many imported goods from Canada to 35%, deepening a rift between two North American countries that have suffered a…
Brazil pledges retaliatory tariffs on the U.S. if Trump imposes 50% import taxes
Brazilian President Luiz Inácio Lula da Silva said Thursday that he will impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost…
Trump is threatening to raise tariffs on Canadian imports to 35%
President Donald Trump said in a letter that he will raise taxes on many imported goods from Canada to 35%, deepening a rift between two North American countries that have suffered a…
Donald Trump Renews Global Trade War With Canada Facing 35% Tariff
President Donald Trump has launched a fresh assault on global trading partners with Canada likely to be among the worst hit. In a letter sent to its northern neighbor late on Thursday,…
PBOC adviser urges 1.5 trillion yuan stimulus to counter US tariffs
China should add as much as 1.5 trillion yuan (S$268 billion) in fresh stimulus to boost consumer spending and maintain currency flexibility to counter US tariffs’ drag on growth,…
Even 190% tariffs can’t shake US shoemaker’s reliance on China
When a US$80,000 tariff bill landed on her desk in May, Haley Pavone did what many small business owners might do: she froze hiring and added an online checkout fee to help cover the cost.…
Gold rises after Trump announces fresh tariffs on Canada, tariff threats to others
Gold rose on Friday (Jul 11) after US President Donald Trump announced new tariffs on Canadian imports and issued broader tariff threats to other trading partners, though a…
Trump puts 35% tariff on Canada, eyes 15%-20% tariffs for others
President Donald Trump said on Thursday the United States would impose a 35 per cent tariff on imports from Canada next month and planned to impose blanket tariffs of 15 per…
Pimco sees Japan wooing capital as tariffs spur diversification
Japan has emerged as a prime destination for global investors as the trade war triggers a reassessment of capital flows into the US, according to Pacific Investment Management Co (Pimco).…
Trump bullish on tariffs as billions in revenue pour in and inflation remains in check
President Trump has escalated his global trade offensive this week, armed with confidence that the import levies will deliver manufacturing jobs and stronger growth in the U.S., along with…
Trump’s Reckless New Tariffs
If the courts put an end to this, they would be doing the rule of law, and the markets, a favor. Source link
DBS downgrades Genting Singapore to ‘hold’, trims target price on tariffs dampening outlook
DBS on Thursday (Jul 10) downgraded Genting Singapore to a “hold” rating and lowered its target price for the stock from S$0.90 to S$0.80, 8.1 per cent or S$0.06 above its Wednesday…
Oil steady on strong petrol demand, Red Sea attacks while Trump tariffs loom
Oil prices were steady on Wednesday as investors weighed strong US petrol demand data and attacks on shipping in the Red Sea, while US copper tariffs loomed. Brent crude futures settled up…
US: Nasdaq ends at record as stocks shrug off latest Trump tariffs
The Nasdaq vaulted to a fresh record on Wednesday, shrugging off new tariff threats from President Donald Trump as Nvidia became the first company to touch US$4 trillion in market…
India Survives Another Round of Trump Tariff Letters: Could a Deal Help Spur More U.S. Shoe Exports?
The U.S. and India are still hoping to get an agreement on terms for a trade deal. So far, so good — maybe. U.S. President Donald Trump said Monday night during a dinner at the White House…
Trump says tariffs based on 'common sense,' 'deficits' and 'very substantial facts'
President Trump said Wednesday that he used 'common sense' to calculate the steep tariffs he slapped on countries unless they can broker new trade deals with the United States. Source link
Trump's tariffs may overshadow Rubio's first official trip to Asia
Sweeping tariffs set to be imposed by President Donald Trump next month may overshadow his top diplomat's first official trip to Asia this week - just as the U.S. seeks to boost relations…