News Muncher - category tariffs

Stock market today: Asian shares slide further as rate cut, tariff worries hit market sentiment

BANGKOK — Shares fell Friday in Asia after U.S. markets were closed to observe a National Day of Mourning for former President Jimmy Carter. Regional markets saw a broad decline that analysts said reflects weakening confidence about the chances of further interest rate cuts by the Federal Reserve given recent data showing unexpected strength in the U.S. economy. Minutes from …

Market Trump Fed Tariff Rate Cut

1 day, 9 hours ago

Trump's threat to merge Canada with US a distraction from high tariffs: Trudeau

India Today

Canadian Prime Minister Justin Trudeau on Thursday said that Donald Trump's suggestion of Canada becoming the United States' 51st province is to merely distract everyone from the "negative impacts" of President-elect's proposed hike in tariffs. Referring to Trump's plan to impose 25% tariffs on Canadian imports, Trudeau told American business leaders that the economic move will be counter-productive for both …

Canada Trump Trudeau Tariffs Canadian Canadian Imports

1 day, 13 hours ago

Outgoing U.S. envoy to India urges enthusiasm among IMEC partners for implementation of corridor

The Hindu

Ambassador to India Eric Garcetti suggested that India, United States and the partners in Gulf countries should show enthusiasm in the implementation of India-Middle East Europe Economic Corridor and that the project had “hit a pause” due to the conflict in West Asia. “I think IMEC is very important, and the vision laid out by India and the United States …

India Trade State Partner Garcetti

1 day, 16 hours ago

Florida orange juice and steel will be on Canada’s list for retaliation if Trump imposes tariffs

Associated Press

TORONTO — Canada is looking at putting retaliatory tariffs on American orange juice, toilets and some steel products if U.S. President-elect Donald Trump follows through with his threat to impose 25% tariffs on all Canadian products, a senior official familiar with the matter said Thursday. Ford, the leader of Canada’s most populous province, said Trump has been misinformed about the …

Canada Border Trump Mexico Tariffs Canadian Fentanyl

1 day, 22 hours ago

Uncertainty over Trump’s electric vehicle policies clouds 2025 forecast for carmakers

Associated Press

NEW YORK — Electric vehicle demand is expected to keep rising this year, but uncertainty over policy changes and tariffs is clouding the forecast. S&P Global Mobility expects global sales of 15.1 million battery electric vehicles in 2025, which would mark a 30% jump. Donald Trump’s presidency could mean big policy shifts in tax and other incentives for both electric …

Global China Trump Vehicles Electric Vehicles Carmakers Production

2 days ago

Federal Reserve officials at December meeting expected slower pace of rate cuts ahead

The Hindu

Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes. The minutes also showed that “almost all” Fed policymakers see a greater risk than before that inflation could stay higher than they …

Inflation Trump Officials Rate Meeting Rate Cuts Fed Officials

Federal Reserve officials at December meeting expected slower pace of rate cuts ahead

Associated Press

WASHINGTON — Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes. Fed Chair Jerome Powell said at a news conference after the meeting that the decision to reduce rates had been …

Inflation Trump Officials Fed Rate Meeting Rate Cuts

2 days, 20 hours ago

Top Fed official backs more rate cuts even if Trump tariffs materialize

Associated Press

WASHINGTON — A top policymaker at the U.S. Federal Reserve said Wednesday that he still supports cutting interest rates this year, despite elevated inflation and the prospect of widespread tariffs under the incoming Trump administration. Christopher Waller, an influential member of the Fed’s board of governors, said he expects inflation will move closer to the Fed’s 2% target in the …

Inflation Fed Waller

2 days, 21 hours ago

Copper edges higher on fund buying, but tariff worries cap gains

Live Mint

By Eric Onstad LONDON, Jan 8 - Copper prices made modest gains on Wednesday as some funds dipped into the market, but uncertainty about potential tariffs on the world's biggest metals consumer China kept the rise in check. Three-month copper on the London Metal Exchange was up 0.2% at $9,019 per metric ton by 1100 GMT, holding above the $8,757 …

Trump Copper Lme

3 days, 9 hours ago

"It sounds pretty, no?": Sheinbaum pokes at Trump Gulf of Mexico plans with map of "Mexican America"

Salon

Claudia Sheinbaum is taking the air out of Donald Trump's plans to rename the Gulf of Mexico. “It sounds pretty, no?” Trump has made Mexico a target of his incoming administration, threatening stiff tariffs and leading a MAGA push for possible military action in Northern Mexico. President Joe Biden has called Trump's proposed 25% tariffs on the United States' southern …

Trump Mexico America Sheinbaum Mexican Mexican America

3 days, 9 hours ago

Trump is considering a national economic emergency declaration to allow for new tariff program, sources say

CNN

CNN — President-elect Donald Trump is considering declaring a national economic emergency to provide legal justification for a large swath of universal tariffs on allies and adversaries, four sources familiar with the matter told CNN, as Trump seeks to reset the global balance of trade in his second term. The declaration would allow Trump to construct a new tariff program …

Trade Emergency Trump National Economic Cnn President

3 days, 9 hours ago

Why more Americans are gardening as Trump returns to the White House

CNN

New York CNN — Just two days after Election Day, Maggie Mosher, a retired history teacher based in San Jose, California, began setting up raised beds to build a winter garden in her backyard. Part of the impetus for the winter garden was to take her mind off the presidential election results, which she said left her feeling “overwhelmed and …

Food Community Gardening China Capital New York Cnn

3 days, 11 hours ago

Duty cut on smartphone parts to hit electronics ecosystem, trigger job loss: GTRI

The Hindu

Any reduction in the customs duty on smartphone parts in the forthcoming budget will harm India's developing component ecosystem, discourage investment, increase imports, and make local firms uncompetitive, potentially resulting in job losses, think tank GTRI said on Tuesday. Highlighting six key risks of reducing tariffs, he said any reduction would harm India's developing component ecosystem, discourage investment, and hurt …

India Manufacturing Duty Electronics Production Smartphone Imports

3 days, 11 hours ago

Chicago soybeans dip on rainy Argentina forecast

Live Mint

By Renee Hickman CHICAGO, Jan 7 - Chicago soybeans ticked lower on Tuesday as expectations for rain relief in Argentina encouraged profit-taking, after drier forecasts and a softer dollar fueled gains during the previous session. Corn moved up slightly as traders squared positions ahead of a U.S. Department of Agriculture supply and demand report due on Friday, in which the …

Chicago

4 days 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 …

India Trade 2018 Exports Mexico Chinese Billion

Trudeau knew this and resigned: What Trump said after Canadian PM's move

India Today

Hours after the resignation of Canadian Prime Minister Justin Trudeau, US President-elect Donald Trump on Monday renewed his offer of making Canada the 51st state of the United States. Trump, 78, who never had a good relationship with Trudeau even during his first term from 2017-2021, has been floating the idea of making Canada the 51st state of the United …

Canada Trump Trudeau State Canadian

4 days, 13 hours ago

Latam markets jump as Mexican peso leads the charge amid U.S. tariff speculations

Live Mint

* Mexico FX, stocks, set for best day since November * Argentina country risk index falls * Colombian markets closed * MSCI Latam stocks index up 2%, FX index up 1% By Lisa Pauline Mattackal and Pranav Kashyap Jan 6 - Latin American markets jumped on Monday, with the Mexican peso at the forefront of a regional rally following a …

Trump Index Latin American Stock Mexico Brazil Mexican

4 days, 16 hours ago

Canadian Prime Minister Justin Trudeau stepping down as party leader after nearly 10 years in office

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. open image in gallery Canadian Prime Minister Justin …

Prime Party Trudeau Prime Minister Minister Leader Tariffs

4 days, 17 hours ago

From recession to rate cuts: my six economic predictions for 2025

The Independent

I usually feel queasy when writing predictions for the year ahead. After all, the internet is forever and if you get it wrong there’s always someone to post a link on social media in a year’s time with the aggressive, but unoriginal, line: “This you?” But if economic forecasters, with their supercomputers, spreadsheets and master degrees from fancy institutions, can …

Inflation Prediction Ons Universal Tariffs

5 days, 7 hours ago

China services activity hits 7-month high but US trade fears dent optimism, Caixin PMI shows

Hindustan Times

BEIJING, - China's services activity expanded at the fastest pace in seven months in December, driven by a surge in domestic demand, but orders from abroad declined, reflecting growing trade risks to the economy, a private sector survey showed on Monday. China services activity hits 7-month high but US trade fears dent optimism, Caixin PMI shows The Caixin/S&P Global services …

China Pmi Survey Showed

5 days, 9 hours ago

A battle is brewing over tariffs among Trump’s team

CNN

CNN — President-elect Donald Trump is still pushing for universal tariffs on imports from overseas as his trade advisers are working to craft a strategy to translate his campaign pledges into policy, according to multiple people familiar with the matter. In private discussions, aides are still focused on drawing up plans that hew closely to the blanket tariffs Trump proposed …

Trump Tariffs Universal Tariffs

6 days ago

He’s a factory owner and friends with Trump. That makes tariffs personal.

Live Mint

WICHITA, Kan.—Donald Trump’s exact plans to raise tariffs remain a mystery, even to Phil Ruffin, a close friend and business partner to the president-elect. Increased tariffs could boost business for Harper Trucks, a small hand-truck manufacturer Ruffin has owned for more than four decades, or end up raising costs of parts the factory imports from China. He declined to share …

Business Vietnam China Trump Factory Imports Chinese

Trump 2.0 trade risks dampen mood in Asian factories, soften expectations for 2025

Firstpost

US President-elect Donald Trump will make his return in the White House on January 20. Asia’s factory powerhouses ended 2024 on a soft note as expectations for the new year soured amid growing trade risks from a second Donald Trump presidency and persistently weak Chinese demand. A series of manufacturing purchasing managers’ indexes for December from across the region published …

China Trump South Korea Pmi Activity Factory Activity

1 week, 2 days ago

US companies vouched for China during Trump’s first term. Not anymore.

Live Mint

SINGAPORE—During Donald Trump’s first term, U.S. companies argued that a trade war with China was bad for Americans. companies are more wary about doing business in China," said Anja Manuel, the executive director of the Aspen Security Forum and a consultant for American companies doing business abroad. The American Chamber of Commerce in China, which represents more than 800 mainly …

Business China Trump Companies Washington Chinese American

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Articles for Tariffs

Stock market today: Asian shares slide further as rate cut, tariff worries hit market sentiment

Trump's threat to merge Canada with US a distraction from high tariffs: Trudeau

Outgoing U.S. envoy to India urges enthusiasm among IMEC partners for implementation of corridor

Florida orange juice and steel will be on Canada’s list for retaliation if Trump imposes tariffs

Uncertainty over Trump’s electric vehicle policies clouds 2025 forecast for carmakers

Federal Reserve officials at December meeting expected slower pace of rate cuts ahead

Federal Reserve officials at December meeting expected slower pace of rate cuts ahead

Top Fed official backs more rate cuts even if Trump tariffs materialize

Copper edges higher on fund buying, but tariff worries cap gains

"It sounds pretty, no?": Sheinbaum pokes at Trump Gulf of Mexico plans with map of "Mexican America"

Trump is considering a national economic emergency declaration to allow for new tariff program, sources say

Why more Americans are gardening as Trump returns to the White House

Duty cut on smartphone parts to hit electronics ecosystem, trigger job loss: GTRI

Chicago soybeans dip on rainy Argentina forecast

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

Trudeau knew this and resigned: What Trump said after Canadian PM's move

Latam markets jump as Mexican peso leads the charge amid U.S. tariff speculations

Canadian Prime Minister Justin Trudeau stepping down as party leader after nearly 10 years in office

From recession to rate cuts: my six economic predictions for 2025

China services activity hits 7-month high but US trade fears dent optimism, Caixin PMI shows

A battle is brewing over tariffs among Trump’s team

He’s a factory owner and friends with Trump. That makes tariffs personal.

Trump 2.0 trade risks dampen mood in Asian factories, soften expectations for 2025

US companies vouched for China during Trump’s first term. Not anymore.