Latest Trump tariffs could hit consumers with higher prices
5 years, 4 months ago

Latest Trump tariffs could hit consumers with higher prices

Associated Press  

WASHINGTON — President Donald Trump’s latest round of tariffs on Chinese imports is likely to deliver a direct hit on many consumers, who were largely spared from higher prices in his previous rounds of import taxes. For the first time since Trump launched his trade war, American households face price increases because many U.S. companies say they’ll be forced to pass on to customers the higher prices they’ll pay on Chinese imports. For more than a year, the world’s two largest economies have been locked in a high-stakes duel marked by Trump’s escalating import taxes on Chinese goods and Beijing’s retaliatory tariffs. “It makes it tough for business owners because we will have to take a hit on our margins, but it will also be difficult for us to pass it on to our shoppers.” Albert Chow, who owns Great Wall Hardware in San Francisco, said he’s already raised prices on some Chinese-made products because an earlier round of tariffs led his suppliers to raise prices 10% to 20%.

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History of this topic

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’
2 days, 1 hour ago

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’

Live Mint  

As Donald Trump returns as the US President on 20 January, the world will closely watch his trade policies. During his first term, Trump initiated a trade war with China in 2018, imposing tariffs on $250 billion worth of Chinese goods, including steel, aluminium, solar panels and washing machines. China's trade surplus stood at $785 billion for the first 10 …

'Fancy footwork': China has reportedly figured out how to beat Trump's tariff threat
1 week, 1 day 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 — …

Trump tariff threats trigger supply chain ‘freak out’
1 week, 5 days 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 …

Toy stores could go bust under Trump’s proposed international tariffs
1 week, 6 days ago

Toy stores could go bust under Trump’s proposed international tariffs

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 The price of toys may soar if Donald Trump carries …

'Would be heartbreaking': Retailers warn Trump could wreck next Christmas with toy tariffs
2 weeks ago

'Would be heartbreaking': Retailers warn Trump could wreck next Christmas with toy tariffs

Raw Story  

President-elect Donald Trump is vowing to slap heavy tariffs on all foreign-made goods once he reassumes the presidency next year, and some retailers are warning that could be bad news for children who are expecting their favorite toys next Christmas. CBS News reports that The Toy Association, an industry organization, has found that nearly 80 percent of American toys are …

Why the US should think twice before launching another tariff war?
2 weeks, 1 day ago

Why the US should think twice before launching another tariff war?

China Daily  

Shipping containers are stored at the Port Newark Container Terminal in Newark, New Jersey, on July 21, 2022. In a move that surprised no one, US President-elect Donald Trump once again played the "tariff card," threatening an additional 10 percent tariff on all Chinese products entering the United States, citing a most far-fetched excuse of US drug problems. Here are …

Americans rush to buy cars, appliances before Trump's new tariffs
2 weeks, 6 days 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
2 weeks, 6 days 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 …

US tariffs on China unable to stop China trade growth
Trending News
3 weeks, 1 day ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

US tariffs on China unable to stop China trade growth
Trending News
3 weeks, 1 day ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

US families to bear brunt of new tariffs
Trending News
3 weeks, 2 days ago

US families to bear brunt of new tariffs

China Daily  

Families in the United States could soon have to pay thousands of dollars more for furniture, clothes, cars, electronics and household items imported from China and other key trading partners if US President-elect Donald Trump follows through with a new round of tariffs, according to economists and trade organizations. Mary Lovely, professor emeritus of economics at the Maxwell School of …

Why some concerned shoppers are stockpiling goods
3 weeks, 3 days ago

Why some concerned shoppers are stockpiling goods

CNN  

New York CNN — It’s not March 2020, but it sure feels a lot like it for Herschel Wilson. “We certainly don’t know if we’re really getting this global tariff thing, and certainly not on day one,” he said, referring to Trump imposing tariffs on all imported goods when he takes office on January 20. For instance, Stanley Black & …

Why some concerned shoppers are stockpiling goods
3 weeks, 3 days ago

Why some concerned shoppers are stockpiling goods

CNN  

New York CNN — It’s not March 2020, but it sure feels a lot like it for Herschel Wilson. “We certainly don’t know if we’re really getting this global tariff thing, and certainly not on day one,” he said, referring to Trump imposing tariffs on all imported goods when he takes office on January 20. For instance, Stanley Black & …

China’s weak consumption drags on economy as Trump tariff threat looms
3 weeks, 3 days ago

China’s weak consumption drags on economy as Trump tariff threat looms

CNN  

Beijing Reuters — China’s industrial output growth quickened slightly in November, while retail sales disappointed, keeping alive calls for Beijing to ramp up consumer-focused stimulus as policymakers brace for more US trade tariffs under a second Trump administration. “China’s economic policies have been amazingly consistent in promoting manufacturers over consumers despite clear signs of lasting weakness,” said Dan Wang, a …

US manufacturers are stocking up on imports ahead of tariffs
3 weeks, 5 days 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 …

China signals it’s prepared to double down on support for the economy as Trump tariffs loom
3 weeks, 5 days ago

China signals it’s prepared to double down on support for the economy as Trump tariffs loom

Associated Press  

BANGKOK — Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to encourage more investment and consumer spending. China’s economy has been growing slightly more slowly than the “about 5%” target leaders set for this year as a prolonged crisis in its real estate …

China signals it's prepared to double down on support for the economy as Trump tariffs loom
3 weeks, 5 days ago

China signals it's prepared to double down on support for the economy as Trump tariffs loom

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Leaders of the ruling Communist Party wrapped up their …

US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products
4 weeks ago

US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products

Associated Press  

BANGKOK — The Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses. The notice from the U.S. Trade Representative’s office said tariffs on Chinese-made solar wafers and polysilicon will rise to 50% and duties on certain tungsten products will increase to 25%, effective on Jan. 1, following …

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

Trump says 'can't guarantee' tariffs won't raise prices
Top News
4 weeks, 2 days ago

Trump says 'can't guarantee' tariffs won't raise prices

China Daily  

US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC on Nov 13, 2024. US President-elect Donald Trump said in an interview aired on Sunday that he could not "guarantee" consumer prices would not rise under his proposed tariffs, while US economists and companies have called for no more increased tariffs. …

Trump says 'can't guarantee' tariffs won't raise prices
Top News
4 weeks, 2 days ago

Trump says 'can't guarantee' tariffs won't raise prices

China Daily  

By HENG WEILI in New York | China Daily | Updated: 2024-12-10 10:18 US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC on Nov 13, 2024. US President-elect Donald Trump said in an interview aired on Sunday that he could not "guarantee" consumer prices would not rise under his proposed …

Trump says 'can't guarantee' tariffs won't raise prices
Top News
4 weeks, 2 days ago

Trump says 'can't guarantee' tariffs won't raise prices

China Daily  

US President-elect Donald Trump said in an interview aired on Sunday that he could not "guarantee" consumer prices would not rise under his proposed tariffs, while US economists and companies have called for no more increased tariffs. Although he said he disagrees with economists' contention that consumer prices would rise with increased tariffs, he said in an interview on NBC's …

Are fears of higher tariffs leading you to stockpile goods?
4 weeks, 2 days 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 …

Tariffs bad for business, bad for US firms and consumers, and bad for all trading partners
4 weeks, 2 days ago

Tariffs bad for business, bad for US firms and consumers, and bad for all trading partners

China Daily  

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. Because as the accumulative effects of the tariffs he imposed in his first term and the subsequent ones that the Joe Biden administration has added …

Trump is threatening to raise tariffs again. Here’s how China plans to fight back
4 weeks, 2 days 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 …

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
Trending News
1 month ago

Trump tariffs to harm growth: Experts

China Daily  

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 impact of Trump's return …

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 …

Trump "can't guarantee" his tariffs won't raise prices for American families
Top News
1 month ago

Trump "can't guarantee" his tariffs won't raise prices for American families

Salon  

President-elect Donald Trump on Sunday said he “can’t guarantee” that American consumers won’t pay higher prices under his proposed tariff plan in an interview on NBC’s “Meet the Press.” “I can’t guarantee anything. I can’t guarantee tomorrow,” Trump told NBC News host Kristen Welker after she asked him whether he could guarantee American families won’t pay more if he chooses …

Donald Trump 'Can't Guarantee' Tariffs Won't Cost Americans More
1 month ago

Donald Trump 'Can't Guarantee' Tariffs Won't Cost Americans More

Huff Post  

LOADING ERROR LOADING Donald Trump says he can’t guarantee his plan to impose sweeping tariffs on America’s top trade partners won’t hurt people’s pocketbooks. I can’t guarantee tomorrow.” But during his first major interview since November’s election, he told host Kristen Welker he still believed imposing tariffs on goods from China, Canada, Mexico and beyond would “cost Americans nothing,” contrary …

What Items Should You Buy Before Trump's Tariffs Kick In?
1 month ago

What Items Should You Buy Before Trump's Tariffs Kick In?

Huff Post  

Illustration: Damon Dahlen/HuffPost; Photos: Getty Sharp tariff proposals could cause prices of apparel, toys, furniture, household appliances, footwear and travel goods to spike “significantly” next year, according to the National Retail Federation. Bloomberg via Getty Images “There’s still a lot of uncertainty about what goods might face new tariffs, and even when tariffs are implemented, their impact on consumer prices …

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

Small business owners brace for Trump's proposed tariffs

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Small business owners say they're waiting to see what …

Small business owners brace for Trump’s proposed tariffs
1 month 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 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 …

Trump's tariffs could cost American families $2,600 more a year
1 month, 1 week ago

Trump's tariffs could cost American families $2,600 more a year

Firstpost  

Even as US President-elect Donald Trump has pitched tariffs as the solution to everything, tariffs are most likely going to raise the cost for average American families and reduce their after-tax incomes, according to economists Republican presidential nominee and former US President Donald Trump speaks at the Bitcoin 2024 event in Nashville, Tennessee, US, July 27, 2024. On the campaign …

China to respond to Trump's 'tariff war' with 'supply chain war'
1 month, 1 week ago

China to respond to Trump's 'tariff war' with 'supply chain war'

Firstpost  

China is expected to use its dominant position in supply chains to respond forcefully with a ‘supply chain war’ to ’tariff war’ that US President-elect Donald Trump is expected to wage on China US President-elect Donald Trump waves next to Chinese President Xi Jinping after attending a business event at the Great Hall of the People in Beijing on November …

Trudeau says Trump’s tariffs would also hurt US
1 month, 1 week ago

Trudeau says Trump’s tariffs would also hurt US

Politico  

Trudeau said he “looks forward” to “lots of great conversations” with the president-elect. “One of the things that is really important to understand is that when Donald Trump makes statements like that, he plans on carrying them out,” Trudeau said. “There’s no question about it.” Canada’s responsibility is to point out that these tariffs will also harm American businesses and …

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 …

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 …

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