Wall Street’s response to more tariffs: Been there, done that
1 month, 1 week ago

Wall Street’s response to more tariffs: Been there, done that

Live Mint  

Wall Street isn’t thrilled about the return of Donald Trump’s tariff threats. His newly proposed 25% tariffs on imports from Canada and Mexico—the U.S.’s two largest trading partners—would add 0.8 percentage point to a key inflation gauge next year if just half of the costs are passed on to consumers, according to a Deutsche Bank analysis. The two countries, along with Canada, reached a trade agreement in 2020 that made relatively small changes to the North American Free Trade Agreement, which Trump had called “a nightmare." China retaliated against Trump’s 2018 tariffs in part by buying far fewer U.S. soybeans. Some investors simply find it hard to believe that Trump would follow through on measures that would boost consumer prices after voters’ discontent with inflation helped power his victory.

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History of this topic

'Fancy footwork': China has reportedly figured out how to beat Trump's tariff threat
1 week, 3 days ago

'Fancy footwork': China has reportedly figured out how to beat Trump's tariff threat

Raw Story  

China may be able to sidestep Donald Trump's tariffs just as easily as the last time he slapped them on the trade rival. The once and future president imposed tariffs on Chinese bicycles in 2018, but manufacturers just moved their final assembly operations to facilities in Cambodia, India, Malaysia, Taiwan and Vietnam — using parts mostly made in China — …

Opinion: How Mexico can strike back if Trump follows through on his threats
1 week, 4 days ago

Opinion: How Mexico can strike back if Trump follows through on his threats

LA Times  

President-elect Donald Trump has made clear his intent to supercharge his “ America First ” approach to foreign policy in his second term — and Mexico looks set to be at the tip of the spear. Trump’s proposed policies threaten Mexico in three key ways: First, his goal of deporting millions of migrants would put tremendous pressure on Mexico’s economy …

What will a second Trump presidency bring?: Explained
1 week, 6 days ago

What will a second Trump presidency bring?: Explained

The Hindu  

The story so far: When U.S. President-elect Donald Trump is administered the oath of office on January 20, 2025, and officially kicks off his second term at the White House, it will be the onset of four years that herald the deepening of domestic and foreign policy priorities enacted in his first term as President. This is likely to have …

'Not a good thing': Expert warns cars may become pricier if Trump gets his way
2 weeks ago

'Not a good thing': Expert warns cars may become pricier if Trump gets his way

Raw Story  

Consumers shopping for a new car in 2025 are being warned to buckle up for higher prices once President-elect Donald Trump takes office next month as potential impacts from his trade policies are beginning to come into focus. Trump has vowed to slap heavy tariffs on all foreign-made goods once he returns to the White House next month, and auto …

Trump tariff threats trigger supply chain ‘freak out’
2 weeks ago

Trump tariff threats trigger supply chain ‘freak out’

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President-elect Donald Trump’s continuing threats of massive tariffs are sparking …

'Tariffs all the way!!!' Trump threatens allies in late-night comments
3 weeks ago

'Tariffs all the way!!!' Trump threatens allies in late-night comments

Raw Story  

Donald Trump threatened to impose tariffs on U.S. allies in an overnight post demanding that the European Union close its trade gap. “I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas," Trump posted on Truth Social shortly after 1 a.m. "Otherwise, it …

Americans rush to buy cars, appliances before Trump's new tariffs
3 weeks, 1 day ago

Americans rush to buy cars, appliances before Trump's new tariffs

China Daily  

NEW YORK -- Americans are scrambling to stock up on cars, appliances and other big-ticket imports in anticipation of new tariffs from the Donald Trump administration, a spending spree that could reignite the very inflation buyers are hoping to avoid, reported The Washington Post on Thursday. "President-elect Trump has vowed to enact widespread tariffs as soon as he takes office …

Americans rush to buy cars, appliances before Trump's new tariffs
3 weeks, 1 day ago

Americans rush to buy cars, appliances before Trump's new tariffs

China Daily  

Americans are scrambling to stock up on cars, appliances and other big-ticket imports in anticipation of new tariffs from the Donald Trump administration, a spending spree that could reignite the very inflation buyers are hoping to avoid, reported The Washington Post on Thursday. "President-elect Trump has vowed to enact widespread tariffs as soon as he takes office in January, a …

Better Sino-US ties best option for Trump
3 weeks, 2 days ago

Better Sino-US ties best option for Trump

China Daily  

US president-elect Donald Trump Donald Trump's victory in the US presidential election heralds the start of a new era in the United States. On the trade side, high tariffs are imposed on goods imported from China; on the technological side, there is export control on high-precision semiconductors and other hi-tech products; and on the investment side, US companies are forbidden …

US manufacturers are stocking up on imports ahead of tariffs
4 weeks ago

US manufacturers are stocking up on imports ahead of tariffs

Live Mint  

U.S. manufacturers are stockpiling imported parts and raw materials in anticipation of President-elect Donald Trump imposing new tariffs next year. U.S. industrial manufacturers and consumer-packaged-goods companies are buying up critical parts and raw materials, such as emulsifiers and flavor enhancers, driving up demand, according to GEP, a supply-chain software company that gathers the data. U.S. businesses are giving priority to …

The possibility of tariffs in Trump's second term is dividing U.S. businesses
4 weeks, 2 days ago

The possibility of tariffs in Trump's second term is dividing U.S. businesses

NPR  

The possibility of tariffs in Trump's second term is dividing U.S. businesses President-elect Trump has called for sweeping tariffs on all imports. HORSLEY: McClelland is counting on Trump's tariffs to raise the price of those imported aluminum goods and give him and other domestic manufacturers a fighting chance. HORSLEY: Even Mark McClelland, the aluminum manufacturer who's rooting for tariffs, admits …

Here’s what could get significantly more expensive under Trump’s tariff plan
4 weeks, 2 days ago

Here’s what could get significantly more expensive under Trump’s tariff plan

CNN  

New York CNN — Import taxes are set to spike under the incoming Trump administration, forcing Americans to pay more for everything from foreign-made sneakers and toys to food, according to new research. “President Trump will work quickly to fix and restore an economy that puts American workers first by re-shoring American jobs, lowering inflation, raising real wages, lowering taxes, …

Here’s what could get significantly more expensive under Trump’s tariff plan
4 weeks, 2 days ago

Here’s what could get significantly more expensive under Trump’s tariff plan

CNN  

New York CNN — Import taxes are set to spike under the incoming Trump administration, forcing Americans to pay more for everything from foreign-made sneakers and toys to food, according to new research. “President Trump will work quickly to fix and restore an economy that puts American workers first by re-shoring American jobs, lowering inflation, raising real wages, lowering taxes, …

Trump’s proposed tariffs on China, Mexico, and Canada could benefit India - Report
1 month ago

Trump’s proposed tariffs on China, Mexico, and Canada could benefit India - Report

Live Mint  

New Delhi, December 10 : India has a significant opportunity to capitalize on export prospects resulting from expected trade disruptions by upcoming US President Donald Trump's tariff policies, says a report by Shriram Mutual Fund. The report outlined how Trump's proposed tariffs on top US import partners--China, Mexico, and Canada--could lead to trade diversion, benefiting countries like India. It said, …

The case for Donald Trump’s tariffs
1 month ago

The case for Donald Trump’s tariffs

CNN  

New York CNN — President-elect Donald Trump views tariffs as a not-so-secret weapon — one that can be deployed to pressure friends and foes alike to address issues from drug trafficking and illegal immigration to threats to the dominance of the US dollar. Trump once dubbed himself “Tariff Man” and recently celebrated these import taxes as “the greatest thing ever …

Are fears of higher tariffs leading you to stockpile goods?
1 month ago

Are fears of higher tariffs leading you to stockpile goods?

CNN  

New York CNN — From the very moment President-elect Donald Trump takes the oath of office on January 20, he’ll be able to levy tariffs on imports from other nations. On that day, he has already vowed to impose a 25% tariff on Mexican and Canadian imports as well as an additional 10% tariff on Chinese goods. These tariffs have …

Trump is threatening to raise tariffs again. Here’s how China plans to fight back
1 month ago

Trump is threatening to raise tariffs again. Here’s how China plans to fight back

LA Times  

President-elect Donald Trump has threatened to impose new tariffs on Chinese imports when he takes office, a move that would deepen a trade war he started six years ago. Trump kicked off a trade war in 2018 by imposing 25% tariffs on imports from China — including industrial machinery, cars, auto parts and television cameras. Last week, the U.S. expanded …

After Threatening Hefty Tariffs, Trump Says Canada And Mexico Should Become A US State
Trending News
1 month ago

After Threatening Hefty Tariffs, Trump Says Canada And Mexico Should Become A US State

ABP News  

Observing the US is subsidising its two neighbours Canada and Mexico to the tune of USD 100 billion and USD 300 billion, respectively, incoming US President Donald Trump on Sunday said that if that is the case then these two countries better be a part of America. Trump, 78, has threatened to impose hefty tariffs on both Canada and Mexico …

Fact-check: Donald Trump’s latest claims on tariffs, murders and more
1 month ago

Fact-check: Donald Trump’s latest claims on tariffs, murders and more

Al Jazeera  

In a December 8 interview on NBC’s Meet the Press, United States President-elect Donald Trump elaborated on plans for removing people illegally residing in the country and imposing tariffs on trade partners – and made some false claims to support them. On his plans to carry out mass deportations, Trump said he would start with people convicted of crimes and …

Tariffs bad for business, bad for US firms and consumers, and bad for all trading partners: China Daily editorial
1 month ago

Tariffs bad for business, bad for US firms and consumers, and bad for all trading partners: China Daily editorial

China Daily  

This photo taken on Jan 19, 2023 shows the US Capitol building in Washington, DC, the United States. To those worrying about the uncertainties heralded by a new incoming United States administration and the president-elect's unpredictability, there is one thing at least that is predictable: He will continue wielding the baton of tariffs. On the campaign trail, he told US …

Trump tariffs to harm growth: Experts
Top News
1 month ago

Trump tariffs to harm growth: Experts

China Daily  

US President-elect Donald Trump The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global …

Trump tariffs to harm growth: Experts
Top News
1 month ago

Trump tariffs to harm growth: Experts

China Daily  

US President-elect Donald Trump The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global …

The enormous consequences Trump's tariffs could have : Consider This from NPR
1 month ago

The enormous consequences Trump's tariffs could have : Consider This from NPR

NPR  

The enormous consequences Trump's tariffs could have Enlarge this image toggle caption Geoff Robins/AFP via Getty Images Geoff Robins/AFP via Getty Images You never know if president-elect Donald Trump is bluffing, but when you have billions of dollars on the line, you have to take him seriously. So car companies took notice, when Trump announced a plan for huge new …

Trump's tariffs signal 'shift to unilateralism'
1 month ago

Trump's tariffs signal 'shift to unilateralism'

China Daily  

FILE PHOTO: President-elect Donald Trump attends a campaign event, in Allentown, Pennsylvania, US, Oct 29, 2024. Since more migrants and drugs enter the US from Mexico than from Canada, "it will be harder for Mexico to meet Trump's conditions to take his tariffs off", Kirton said. "It's a bigger, broader shift to US unilateralism and isolationism than Trump unleashed in …

How painful will Trump’s tariffs be for American businesses?
1 month, 1 week ago

How painful will Trump’s tariffs be for American businesses?

Live Mint  

In the weeks after Donald Trump’s sweeping election victory, American companies sought to reassure investors that they were amply prepared for a new round of tariffs. If Mr Trump were to slap tariffs on America’s northern and southern neighbours, the impact on American companies would be devastating. According to JPMorgan Chase, another bank, the average ratio of working capital to …

If Trump starts a trade war with Mexico and Canada, where will Americans get all their stuff from?
Trending News
1 month, 1 week ago

If Trump starts a trade war with Mexico and Canada, where will Americans get all their stuff from?

CNN  

New York CNN — President-elect Donald Trump appears keen on launching a simultaneous trade war with America’s three biggest trade partners: Mexico, China and Canada. In Trump’s ideal world, these higher tariffs would directly boost domestic manufacturing, since US businesses would be able to avoid tariffs entirely. Cars With Mexico the top source of US motor vehicle imports, European nations …

If Trump starts a trade war with Mexico and Canada, where will Americans get all their stuff from?
Trending News
1 month, 1 week ago

If Trump starts a trade war with Mexico and Canada, where will Americans get all their stuff from?

CNN  

New York CNN — President-elect Donald Trump appears keen on launching a simultaneous trade war with America’s three biggest trade partners: Mexico, China and Canada. In Trump’s ideal world, these higher tariffs would directly boost domestic manufacturing, since US businesses would be able to avoid tariffs entirely. Cars With Mexico the top source of US motor vehicle imports, European nations …

Small business owners brace for Trump’s proposed tariffs
1 month, 1 week ago

Small business owners brace for Trump’s proposed tariffs

Associated Press  

Small businesses are bracing for stiff tariffs that President-elect Donald Trump has proposed as one of his first actions when he takes office. Small business owners say they’re waiting to see what final form the tariffs take, but are bracing for higher costs that they may in turn need to pass on to consumers. Laurel Orley, cofounder and CEO of …

Can Donald Trump enact tariffs without Congress? And can anyone stop him?
1 month, 1 week ago

Can Donald Trump enact tariffs without Congress? And can anyone stop him?

Al Jazeera  

Raising tariffs on US goods may hurt the economy, but can Trump push them through anyway? “While some argue that it would be a stretch for Trump to claim that all imports are a threat to US national security under Section 232, the courts have routinely deferred to presidents on foreign affairs and trade policy, and legal challenges to the …

Opinion: Trump promised to raise taxes, but Biden and Congress could tie his hands
1 month, 1 week ago

Opinion: Trump promised to raise taxes, but Biden and Congress could tie his hands

LA Times  

Coal is loaded onto a barge near the U.S. Steel Corp. facility in Clairton, Pa. During President-elect Donald Trump’s first term, he enacted tariffs on steel from most countries, which he claimed served national security. Although these tariffs would have significant implications for the federal budget and household finances, there is little to stop Trump from unilaterally enacting these taxes …

What to buy now before Trump’s tariffs kick in
1 month, 1 week ago

What to buy now before Trump’s tariffs kick in

CNN  

New York CNN — During this busy holiday shopping season, some bargain hunters may be wondering if this is the ideal time to stock up on items before they could cost a lot more. But a 10% across-the-board import tariff, plus the additional 60% on Chinese goods, could cause the price of a new smartphone to rise by 26% to …

What to buy now before Trump’s tariffs kick in
1 month, 1 week ago

What to buy now before Trump’s tariffs kick in

CNN  

New York CNN — During this busy holiday shopping season, some bargain hunters may be wondering if this is the ideal time to stock up on items before they could cost a lot more. But a 10% across-the-board import tariff, plus the additional 60% on Chinese goods, could cause the price of a new smartphone to rise by 26% to …

Thanks for dinner: Trudeau's all-smiles pic with Trump amid tariff hike threat
1 month, 1 week ago

Thanks for dinner: Trudeau's all-smiles pic with Trump amid tariff hike threat

India Today  

Canadian Prime Minister Justin Trudeau on Saturday was all smiles as he enjoyed dinner with US President-elect Donald Trump at his Mar-a-Lago residence in Florida following talks amid the Republican leader's warning to impose 25 per cent tariffs on Canadian and Mexican imports after he takes office in January. Trudeau made an unannounced visit to Florida on Friday evening and …

Letters to the Editor: The vicious cycle that could come from Trump’s proposed tariffs
1 month, 1 week ago

Letters to the Editor: The vicious cycle that could come from Trump’s proposed tariffs

LA Times  

A worker selects avocados at a packing plant in Uruapan, Mexico, in 2022. If Trump’s proposed tariffs are imposed, the cost to American consumers for these and other imports will increase. To the editor: President-elect Donald Trump’s proposed tariffs on products imported from Mexico will seriously disrupt the Mexican economy, which could result in layoffs and higher unemployment there. That …

'Easily bamboozled' Trump could get owned by Mexico in trade war: Paul Krugman
1 month, 1 week ago

'Easily bamboozled' Trump could get owned by Mexico in trade war: Paul Krugman

Raw Story  

Nobel Prize-winning economist and New York Times columnist Paul Krugman is seeing signs that President-elect Donald Trump may have already bitten off more than he can chew when it comes to his threats to launch trade wars with Mexico and Canada. Writing on BlueSky, Krugman makes the case that Mexican President Claudia Sheinbaum appears to be ready to call Trump's …

King’s gambit: What Trump’s threats of big tariffs on imports from China, Canada and Mexico tell us
1 month, 1 week ago

King’s gambit: What Trump’s threats of big tariffs on imports from China, Canada and Mexico tell us

Firstpost  

Trump has little respect for America’s vaunted exceptionalism and does not get the tenets of strategic altruism. Trump’s threat of piling tariff on Canada, Mexico and China – America’s three largest trade partners – and his promise of enacting the executive order on Day 1 of his return to office has sparked a tsunami of reactions. In each case, however, …

Cars to fruit: The goods set to get pricier under Trump’s tariff plans
Trending News
1 month, 1 week ago

Cars to fruit: The goods set to get pricier under Trump’s tariff plans

Al Jazeera  

US president-elect’s proposed tariffs on China, Canada and Mexico would raise the prices of numerous products. The three countries are the US’s largest trade partners, accounting for 43 percent of imports last year worth more than $1.3 trillion, according to the US Census Bureau. The US also imported about $537m worth of spirits from Canada last year, including $200m in …

Mexico’s president says she is confident that a tariff war with the U.S. can be averted
Trending News
1 month, 1 week ago

Mexico’s president says she is confident that a tariff war with the U.S. can be averted

LA Times  

President Claudia Sheinbaum addresses supporters in the Zócalo, Mexico City’s main square, after her inauguration last month. Mexican President Claudia Sheinbaum says she is confident that a tariff war with the United States can be averted. President Biden on Thursday said he hoped Trump would rethink his plan to impose tariffs on Mexico and Canada, saying it could “screw up” …

Mexican president says she is confident that a tariff war with the US can be averted
Trending News
1 month, 1 week ago

Mexican president says she is confident that a tariff war with the US can be averted

Associated Press  

MEXICO CITY — Mexican President Claudia Sheinbaum said Thursday she is confident that a tariff war with the United States can be averted. U.S. President Joe Biden on Thursday said he hoped Trump would rethink his plan to impose tariffs on Mexico and Canada, saying it could “screw up” relationships with close allies. Trump had earlier threatened to impose 25% …

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different
1 month, 1 week ago

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different

Huff Post  

LOADING ERROR LOADING WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. Republican presidential nominee former President Donald Trump listens during a campaign rally at Santander Arena, Monday, Nov. 4, 2024, in Reading, Pa. via Associated Press Trump also posted on Monday that Chinese imports would face additional tariffs of 10% until Beijing cracks …

'Chaos': Small biz owner hit by Trump’s last tariff reveals key flaw that hurts companies
1 month, 1 week ago

'Chaos': Small biz owner hit by Trump’s last tariff reveals key flaw that hurts companies

Raw Story  

President-elect Donald Trump is following through on a key campaign promise of imposing double-digit tariffs on goods imported into the United States. The Times pointed out that the tariffs would affect a vast number of industries, including auto manufacturing, where many American car companies depend on parts imported from Canada and Mexico. Walmart — whose inventory is primarily made up …

Under tariff threat, US wholesaler warns: ’People will pay’
1 month, 2 weeks ago

Under tariff threat, US wholesaler warns: ’People will pay’

Live Mint  

By Jackie Luna LOS ANGELES, - While most of Los Angeles sleeps, 58-year-old Melquiades Flores starts his day at 1 a.m., supervising the unloading of produce at M&M Tomatoes and Chile Company, the wholesaler he started in 2019. "Produce of Mexico" is stamped on almost all the boxes of tomatoes and chilies that arrive at Flores' downtown warehouse, destined for …

Trump's tariff plan may be halted by clause in the Constitution: report
1 month, 2 weeks ago

Trump's tariff plan may be halted by clause in the Constitution: report

Raw Story  

Donald Trump is pledging to impose hefty taxes on everything entering the U.S. from Mexico, Canada, and China — but a report Wednesday suggested it might not be so straightforward. In 2018, Donald Trump unilaterally ushered in taxes on all steel and aluminum imports by signing an executive order claiming that the charge was required for American national security and, …

When it comes to trade and tariffs, Trump’s bark may be worse than his bite
1 month, 2 weeks ago

When it comes to trade and tariffs, Trump’s bark may be worse than his bite

The Independent  

According to Donald Trump, “the most beautiful word in the dictionary” is “tariff”. He’s also determined to target the import of Chinese cars from Mexico, threatening “whatever tariffs are required – 100 per cent, 200 per cent, 1,000 per cent”. Previously, as well as attacking Chinese cars from Mexico, Trump has spoken of 60 per cent charges on goods from …

Trump’s tariffs in his first term did little to alter the economy, but this time could be different
Trending News
1 month, 2 weeks ago

Trump’s tariffs in his first term did little to alter the economy, but this time could be different

Associated Press  

WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Trump’s first term tariffs had a modest impact on economy Trump imposed tariffs on …

'Significant consequences': Major bank comes out swinging against Trump’s latest plan
Trending News
1 month, 2 weeks ago

'Significant consequences': Major bank comes out swinging against Trump’s latest plan

Raw Story  

Critics of President-elect Donald Trump's proposal for aggressive new tariffs were hoping he would back down from that idea — but he announced this week that he plans to move forward as soon as he is sworn into office — and proposed 25% across-the-board tariffs on all goods imported into the United States from Mexico and Canada. "The 25% levy …

Jimmy Kimmel details shocking flaw in Donald Trump's tariffs plan, will American wallets suffer?
1 month, 2 weeks ago

Jimmy Kimmel details shocking flaw in Donald Trump's tariffs plan, will American wallets suffer?

Hindustan Times  

Jimmy Kimmel has laid out a potential flaw in president-elect Donald Trump’s plan to impose a 25% tariff on all imports from Canada and Mexico on the day he takes office. Jimmy Kimmel details shocking flaw in Donald Trump's tariffs plan However, Kimmel has pointed out that some of Trump's own merchandise was made in these countries. “If you want …

How Trump’s tariffs on Mexico, Canada and China could impact U.S. consumers
1 month, 2 weeks ago

How Trump’s tariffs on Mexico, Canada and China could impact U.S. consumers

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Oil, toys, vegetables and electronics are just some of the …

Donald Trump’s tariffs on Mexico could devastate border region, Texas economists warn
Trending News
1 month, 2 weeks ago

Donald Trump’s tariffs on Mexico could devastate border region, Texas economists warn

Raw Story  

"Donald Trump’s tariffs on Mexico could devastate border region, Texas economists warn" was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues. President-elect Donald Trump’s intention to levy a 25% tariff on goods imported from Mexico and Canada sent shockwaves across …

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