Articles for Higher Tariffs

Higher US tariffs would have uncertain impact on Eurozone inflation, says ECB’s Lane
3 weeks, 2 days ago

Higher US tariffs would have uncertain impact on Eurozone inflation, says ECB’s Lane

Live Mint  

Higher U.S. tariffs on imports from Europe would weaken economic growth in the eurozone, but the effect on inflation is uncertain, European Central Bank Chief Economist Philip Lane said Wednesday. The ECB a week ago lowered its growth forecast for the eurozone economy in 2025 to 1.1% from 1.3%, but Lane said the expansion would likely be slower if the …

Inflation Eurozone Tariffs Ecb Lane Higher Tariffs Uncertain Impact
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 & …

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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 & …

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Sticky US inflation and Trump tariffs cast doubt on Fed’s rate cut path, say experts
4 weeks, 1 day ago

Sticky US inflation and Trump tariffs cast doubt on Fed’s rate cut path, say experts

Live Mint  

Although US CPI inflation recorded its sharpest increase in seven months, it aligned with forecasts and did not disrupt expectations of a 25 bps rate cut by the US Federal Reserve next week. However, the November inflation data highlighted that the Fed still faces significant challenges in bringing inflation below its 2 per cent target, leaving the outlook for future …

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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, …

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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, …

China Canada States Trump Mexico Cnn Institute
US inflation ticked up last month as some price pressures remain persistent
Trending News
1 month ago

US inflation ticked up last month as some price pressures remain persistent

Associated Press  

WASHINGTON — Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago — a major …

Inflation Prices Price Month Fed Rate Higher
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 …

Higher Tariffs
Chinese leaders pledge ‘moderately loose’ monetary policy, more support for slowing economy
1 month ago

Chinese leaders pledge ‘moderately loose’ monetary policy, more support for slowing economy

Associated Press  

BANGKOK — China’s top leaders have pledged to loosen monetary policy and provide more support for the slowing economy, while Premier Li Qiang swiped at threats of higher tariffs on Chinese exports, saying they hinder global growth. Shares in Hong Kong jumped Monday after state media released a report on the meeting by the ruling Communist Party’s Politburo that said …

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Chinese leaders pledge 'moderately loose' monetary policy, more support for slowing economy
1 month ago

Chinese leaders pledge 'moderately loose' monetary policy, more support for slowing economy

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. Read our privacy policy China’s top leaders have …

Chinese Higher Tariffs More Support Slowing Economy
World economy to accelerate in 2025, but recovery threatened by higher tariffs, OECD says
1 month ago

World economy to accelerate in 2025, but recovery threatened by higher tariffs, OECD says

Live Mint  

The global economy is set to grow at slightly a faster pace next year as inflation continues to cool, but could falter if tariffs rise and governments fail to narrow wide budget deficits, the Organization for Economic Cooperation and Development said Wednesday. “Growth continues to be resilient," said Alvaro Pereira, the OECD’s chief economist, in an interview with The Wall …

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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 …

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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 …

India Vietnam China Trade Japan Canada Trump
Stock Market Today: Asian shares retreat after Trump's victory as focus turns to the Fed
Trending News
2 months ago

Stock Market Today: Asian shares retreat after Trump's victory as focus turns to the Fed

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. Please try again later {{ …

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Group That Says Tariffs Are Taxes Touts Tariff-Pushing JD Vance Taking Its No-Tax Pledge
3 months ago

Group That Says Tariffs Are Taxes Touts Tariff-Pushing JD Vance Taking Its No-Tax Pledge

Huff Post  

LOADING ERROR LOADING In 2019, when then-President Donald Trump was considering higher tariffs on goods from Mexico, Grover Norquist, the president of Americans for Tax Reform, held an unequivocal view: “Tariffs are taxes.” But this year, as two advocates of higher tariffs are heading the GOP’s White House ticket, that view hasn’t stopped ATR from boosting Republican vice presidential nominee …

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Europe is slapping tariffs on Chinese electric vehicles — for now. Here’s what to know
6 months ago

Europe is slapping tariffs on Chinese electric vehicles — for now. Here’s what to know

LA Times  

Jerry Gan, chief executive of Geely Auto Group, unveils the Galaxy Starship, a new technology flagship AI-driven SUV prototype, during Auto China 2024 in Beijing on April 25. After an eight-month investigation, the European Commission, the EU’s executive arm, found that companies making electric cars in China benefit from massive government help that means they can undercut rivals in the …

Europe China Cars Market Share Electric Vehicles Auto Commission
Biden is seeking higher tariffs on Chinese steel as he courts union voters
8 months, 3 weeks ago

Biden is seeking higher tariffs on Chinese steel as he courts union voters

Hindustan Times  

SCRANTON, Pa. — President Joe Biden is calling for a tripling of tariffs on steel from China to protect American producers from a flood of cheap imports, an announcement he planned to roll out Wednesday in an address to steelworkers in the battleground state of Pennsylvania. Biden is seeking higher tariffs on Chinese steel as he courts union voters The …

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Biden vows to shield US steel industry by blocking Japanese merger and seeking new Chinese tariffs
8 months, 3 weeks ago

Biden vows to shield US steel industry by blocking Japanese merger and seeking new Chinese tariffs

Associated Press  

PITTSBURGH — President Joe Biden suggested to cheering, unionized steelworkers on Wednesday that his administration would thwart the acquisition of U.S. Steel by a Japanese company, and he called for a tripling of tariffs on Chinese steel, seeking to use trade policy to win over working-class votes in the battleground state of Pennsylvania. During a visit to the Pittsburgh headquarters …

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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 …

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India to woo foreign firms like Apple, Foxconn and other to capitalise on US-China trade war: Report
5 years, 4 months ago

India to woo foreign firms like Apple, Foxconn and other to capitalise on US-China trade war: Report

Firstpost  

The trade war between the US and China, the world’s two largest economies, has led to higher tariffs on goods worth billions of dollars New Delhi: India is targeting companies including Apple, Foxconn and Wistron Corp with a charm offensive aimed at encouraging them to shift business out of trade war-hit China, according to a source and a document seen …

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A fresh round of Trump tariffs is about to hit store shelves
5 years, 4 months ago

A fresh round of Trump tariffs is about to hit store shelves

LA Times  

The U.S. flag flies over a container ship unloading its cargo from Asia at the Port of Long Beach. 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, …

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Trump Announces Higher Tariffs On Goods From China After Dow Plunges 623 Points
5 years, 4 months ago

Trump Announces Higher Tariffs On Goods From China After Dow Plunges 623 Points

NPR  

Trump Announces Higher Tariffs On Goods From China After Dow Plunges 623 Points Enlarge this image toggle caption Alex Brandon/AP Alex Brandon/AP Updated at 5:18 p.m. ET President Trump on Friday announced higher tariffs on goods from China, hours after Beijing said it will slap tariffs on $75 billion of autos and other U.S. goods. The first batch of China's …

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The trade war comes to Walmart, Target and Macy’s
5 years, 7 months ago

The trade war comes to Walmart, Target and Macy’s

CNN  

New York CNN Business — America’s top stores and consumer brands have avoided serious damage from the prolonged US-China trade clash. “We’re concerned about tariffs because they lead to higher prices on everyday products for American families,” Target chief executive Brian Cornell told analysts on Wednesday. However, increased tariffs will lead to increased prices, we believe, for our customers,” Walmart …

China Trump Costs Nike Companies Prices Merchandise
US consumers could face brunt of tariff hikes
5 years, 7 months ago

US consumers could face brunt of tariff hikes

China Daily  

Workers stock the shelves at a Home Depot store in Passaic, New Jersey, the United States, Aug 14, 2018, file photo. Retailers fear US President Donald Trump's proposal to impose a new round of tariffs on Chinese products will raise prices for consumers, depress sales and disrupt the global supply chain. Matthew Shay, CEO of the National Retail Federation, said …

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