Should you make major purchases before Trump's tariffs?
1 month, 3 weeks ago

Should you make major purchases before Trump's tariffs?

Salon  

Before Donald Trump became president, tariffs were a topic largely confined to history books. Several retailers affected by the tariffs Trump enacted in his first term have said they would likely raise prices on products if they are expanded in his second. While some tariffs have been in existence long before Trump's presidency, the U.S. enacted new tariffs during his first administration, such as the Section 301 tariffs that added taxes on certain imported goods from China. If there are new tariffs on all imports during the next Trump administration, that could increase costs for Prevelo Bikes further, said Rheuban. In his conversations with past and potential incoming Trump administration officials, Daniels said they are trying to determine how to implement tariffs in a way that enables the U.S. to fight inflation while "taking away an imbalance or what is a perceived economic coercion by China."

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History of this topic

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 …

Why some concerned shoppers are stockpiling goods
3 weeks, 5 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, 5 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 & …

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 …

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

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 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 "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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

What Trump’s new tariff threats mean for the US economy
Trending News
1 month, 2 weeks ago

What Trump’s new tariff threats mean for the US economy

Live Mint  

The stiff duties that President-elect Donald Trump threatened against the U.S.’s neighbors and big trading partners, along with the additional tariffs he promised against China, could raise prices for Americans on everything from fresh fruit from Mexico to lumber from Canada and Chinese electronics. Trump’s promise to impose 25% tariffs on Canada and Mexico and an additional 10% on Chinese …

Trump's tariff war could cost Americans more than $3,200 a year, experts claim
1 month, 2 weeks ago

Trump's tariff war could cost Americans more than $3,200 a year, experts claim

Daily Mail  

American consumers would bear the brunt of Donald Trump's proposed tariffs, new analysis showed on Tuesday night as the world braced for a new era of U.S. protectionist policies. Trump proposed tariffs including the threats made to China, Mexico and Canada on Monday could lead to an increase in costs for every consumer annually, analysis found But even before the …

Trump's sharp tariff hikes could speed up China's shift to new markets and offshore factories
1 month, 2 weeks ago

Trump's sharp tariff hikes could speed up China's shift to new markets and offshore factories

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Chinese exporters are already looking at new markets …

Trump tariffs: It’s one of Trump’s most controversial promises. This is how he might carry it out.
55 years ago

Trump tariffs: It’s one of Trump’s most controversial promises. This is how he might carry it out.

Slate  

This article was originally featured in Foreign Policy, the magazine of global politics and ideas. But tariffs are also touted by Trump’s trade sherpas, such as former U.S. Trade Representative Robert Lighthizer, as a way to force manufacturing back to the United States by discouraging pricier imports. If tariffs are just a threatened big stick to get better trade terms …

What could get more expensive if Trump launches a new trade war with Mexico and Canada
1 month, 2 weeks ago

What could get more expensive if Trump launches a new trade war with Mexico and Canada

CNN  

New York CNN — During President-elect Donald Trump’s first term, America launched an all-out trade war with China to boost US manufacturing, secure US national security interests and resolve what Trump believed was an extremely out-of-balance trade relationship. Last year, the US imported $4.6 billion worth of tequila and $108 million worth of mezcal from Mexico, according to data from …

What could get more expensive if Trump launches a new trade war with Mexico and Canada
1 month, 2 weeks ago

What could get more expensive if Trump launches a new trade war with Mexico and Canada

CNN  

New York CNN — During President-elect Donald Trump’s first term, America launched an all-out trade war with China to boost US manufacturing, secure US national security interests and resolve what Trump believed was an extremely out-of-balance trade relationship. Last year, the US imported $4.6 billion worth of tequila and $108 million worth of mezcal from Mexico, according to data from …

Trump's tariffs may be targeted at others — but they could impact you too
1 month, 2 weeks ago

Trump's tariffs may be targeted at others — but they could impact you too

NPR  

Trump's tariffs may be targeted at others — but they could impact you too toggle caption Ulises Ruiz/AFP via Getty Images President-elect Donald Trump is threatening to impose steep tariffs on America's biggest trading partners unless they do more to stop the flow of illegal drugs and immigrants. Tariffs may be targeted at others — but Americans would also feel …

Trump’s proposed tariffs could bring higher prices for groceries, cars and clothing
1 month, 2 weeks ago

Trump’s proposed tariffs could bring higher prices for groceries, cars and clothing

LA Times  

A customer shops for groceries in January in Wheeling, Ill. Prices for consumer goods could rise across the board if new tariffs are imposed once President-elect Donald Trump takes office next year. “If we get tariffs, we will pass those tariff costs back to the consumer,” Phil Daniele, chief executive of AutoZone, said in the company’s most recent earnings call. …

Donald Trump vows to slap 25 per cent tariffs on Mexico, Canada, China
1 month, 2 weeks ago

Donald Trump vows to slap 25 per cent tariffs on Mexico, Canada, China

New Indian Express  

WASHINGTON: US President-elect Donald Trump said Monday he intends to impose a 25 percent tariff on goods from Mexico and Canada, along with a 10 percent tariff on imports from China in response to the illegal drug trade and immigration. In a series of posts to his Truth Social social media account, Trump vowed to hit some of the United …

Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1
1 month, 2 weeks ago

Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1

CNN  

CNN — President-elect Donald Trump on Monday promised massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his administration, a policy that could sharply increase costs for American businesses and consumers. “This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this …

Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1
1 month, 2 weeks ago

Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1

CNN  

CNN — President-elect Donald Trump on Monday promised massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his administration, a policy that could sharply increase costs for American businesses and consumers. “This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this …

Walmart says price hikes likely if Trump tariffs take effect
1 month, 3 weeks ago

Walmart says price hikes likely if Trump tariffs take effect

Salon  

Walmart is the latest company warning of price increases if President-elect Donald Trump follows through on a plan to significantly expand tariffs. But there probably will be cases where prices will go up for consumers.” Rainey said it’s too soon to say which products would be affected, but he told CNBC about two-thirds of the retailer's items are not subject …

Consumers to bear brunt of US tariffs
1 month, 3 weeks ago

Consumers to bear brunt of US tariffs

China Daily  

Retailers concerned over prospects of Trump's levy plans, observers say US retailers are creating contingency plans to deal with the prospect of President-elect Donald Trump's proposed tariffs as he heads back to the White House. Under Trump's plan, US citizens could lose between $46 billion and $78 billion in spending power per year on products like clothing, toys, furniture, appliances …

Consumers to bear brunt of US tariffs
Top News
1 month, 3 weeks ago

Consumers to bear brunt of US tariffs

China Daily  

By BELINDA ROBINSON in New York | China Daily | Updated: 2024-11-18 09:21 US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC on November 13, 2024. Under Trump's plan, US citizens could lose between $46 billion and $78 billion in spending power per year on products like clothing, toys, furniture, …

Consumers to bear brunt of US tariffs
Top News
1 month, 3 weeks ago

Consumers to bear brunt of US tariffs

China Daily  

US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC on November 13, 2024. Under Trump's plan, US citizens could lose between $46 billion and $78 billion in spending power per year on products like clothing, toys, furniture, appliances and travel goods, the National Retail Federation said. Tiffany Smith, vice-president of …

Consumers to bear brunt of US tariffs
Top News
1 month, 3 weeks ago

Consumers to bear brunt of US tariffs

China Daily  

US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC on November 13, 2024. Under Trump's plan, US citizens could lose between $46 billion and $78 billion in spending power per year on products like clothing, toys, furniture, appliances and travel goods, the National Retail Federation said. Tiffany Smith, vice-president of …

Consumers to bear brunt of US tariffs
Top News
1 month, 3 weeks ago

Consumers to bear brunt of US tariffs

China Daily  

By BELINDA ROBINSON in New York | China Daily | Updated: 2024-11-18 09:21 US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC on November 13, 2024. Under Trump's plan, US citizens could lose between $46 billion and $78 billion in spending power per year on products like clothing, toys, furniture, …

Top Republicans begin push back on core Trump policy
1 month, 3 weeks ago

Top Republicans begin push back on core Trump policy

Raw Story  

Some Republican senators are being increasingly wary about Donald Trump's plans to impose aggressive tariffs on imported goods — and they're already showing signs of pushback States with large agriculture industries are especially vulnerable to foreign retaliation, and GOP senators from those states expressed concerns about the president-elect's broad tariffs targeting China and Mexico, reported Politico. “There is a place …

How proposed tariffs would impact American businesses and consumers
Trending News
1 month, 4 weeks ago

How proposed tariffs would impact American businesses and consumers

NPR  

How proposed tariffs would impact American businesses and consumers MICHEL MARTIN, HOST: You might remember that news of Donald Trump's White House win sent stock markets soaring. So we are very excited about across-the-board, worldwide tariffs across every country for the products that we make, because then China can't find a way into the United States without going through tariffs. …

Companies have a playbook for tariffs under Trump. It includes price increases.
2 months ago

Companies have a playbook for tariffs under Trump. It includes price increases.

Live Mint  

Companies are weighing possible price increases in response to any new tariffs proposed under the incoming Trump administration, a step that some finance chiefs say they’re wary of taking as customers feel the strain of inflation. Many big companies have a playbook for handling tariffs after navigating Trump’s first term in office, when he targeted imports from China and aluminum …

Retailers are already preparing for Trump’s tariffs that threaten to upend the economy
2 months ago

Retailers are already preparing for Trump’s tariffs that threaten to upend the economy

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. “The adoption of across-the-board tariffs on consumer goods and other non-strategic imports amounts to …

Trump has vowed sweeping tariffs: What comes next?
2 months ago

Trump has vowed sweeping tariffs: What comes next?

Raw Story  

U.S. president-elect Donald Trump says "tariff" is the most beautiful word in the dictionary -- and the Republican's second term promises sweeping measures on all $3 trillion worth of US imported goods. - When Washington slapped tariffs on 6.4 billion euros worth of European steel and aluminum exports in 2018, the EU retaliated with "rebalancing tariffs" on US exports -- …

Trump Economist on Tariffs and Tax Cuts in Second Term
2 months ago

Trump Economist on Tariffs and Tax Cuts in Second Term

Bloomberg  

00:00 We've got a lot of questions for you here, beginning with this market reaction. So when we consider sequencing here, things like tariffs that could potentially hit the economy first before the actual beneficiary impacts of lower taxes is fully felt and recognized in corporate profits and the like. I think there's this misperception that day one of Trump, …

'Bear the burden': CEOs warn major price hikes already planned to offset Trump tariffs
2 months, 1 week ago

'Bear the burden': CEOs warn major price hikes already planned to offset Trump tariffs

Raw Story  

A slew of businesses across the U.S. say they're preparing to spike prices should former President Donald Trump regain the White House in 2025, the Washington Post reported Wednesday. While Trump claimed foreign companies will pay the tariffs, the U.S. Customs and Border Protection agency demands American purchasers pay when their products enter the country, according to the Post. “We …

Trump's Economic Plans Would Actually Worsen Inflation, Experts Warn
2 months, 3 weeks ago

Trump's Economic Plans Would Actually Worsen Inflation, Experts Warn

Huff Post  

LOADING ERROR LOADING WASHINGTON — With characteristic bravado, Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.” It’s a message tailored for Americans who are still exasperated by the jump in consumer prices that began 3 1/2 years ago. Sixteen Nobel Prize-winning economists signed a letter in June expressing fear that Trump’s …

Trump's economic plans would worsen inflation, experts say
2 months, 3 weeks ago

Trump's economic plans would worsen inflation, experts say

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Sixteen Nobel Prize-winning economists signed …

How Trump’s tariffs would work
2 months, 4 weeks ago

How Trump’s tariffs would work

CNN  

Washington CNN — When President-elect Donald Trump returns to the White House, tariffs are likely to once again play a major role in his policy agenda. On the campaign trail, Vice President Kamala Harris referred to her then-opponent’s tariff policy as a “Trump Tax.” Several independent studies have found that if Trump implements an across-the-board tariff and increases duties on …

How Trump’s tariffs would work
2 months, 4 weeks ago

How Trump’s tariffs would work

CNN  

Washington CNN — When President-elect Donald Trump returns to the White House, tariffs are likely to once again play a major role in his policy agenda. On the campaign trail, Vice President Kamala Harris referred to her then-opponent’s tariff policy as a “Trump Tax.” Several independent studies have found that if Trump implements an across-the-board tariff and increases duties on …

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