Tag Archives: tariffs

CNBC reports: Carl Icahn responded to his critics about his stock sales in Manitowoc amid the possible implementation of tariffs by President Donald Trump, an action that could raise costs for the maker of cranes. “We don’t generally comment on rumors, but the recent media speculation regarding our sale of Manitowoc stock calls for a response. We state for the …

CNN reports: President Trump will meet with the Prime Minister of Sweden followed by a joint press conference at 3:30PM. Trump will face reporters on Tuesday amid questions about chaos inside the White House and new prospects for talks with North Korea. Trump attempted to rebut claims on Tuesday that his West Wing is rattled with disorder and low morale. …

The Hill reports: White House trade adviser Peter Navarro on Monday dismissed concerns that President Trump’s proposed tariffs on steel and aluminum imports will lead to a spike in inflation or larger economic issues. “I think if you’re an investor right now at this point in time trying to look at the chess board here, it’s really important to understand …

The Hill reports: President Trump threatened a new tax on cars imported from the European Union on Saturday, in response to threats of retaliation against new U.S. tariffs. The European Union said Friday it was weighing potential tariffs against a wide range of U.S. goods, in response to Trump’s announcement that the U.S. would impose tariffs of 25 percent on …

CNBC reports: Sweden’s Electrolux, Europe’s largest home appliance maker, said on Friday it would delay a planned $250 million investment in Tennessee, after U.S. President Donald Trump announced tariffs on imported aluminum and steel. On Thursday, Trump said the duties — 25 percent on steel imports and 10 percent on aluminum — would be formally announced next week, although White …

ThinkProgress reports: Billionaire investor and longtime Trump confidant Carl Icahn dumped $31.3 million of stock in a company heavily dependent on steel last week, just days before Trump announced plans to impose steep tariffs on steel imports. In a little-noticed SEC filing submitted on February 22, 2018, Icahn disclosed that he systematically sold off nearly 1 million shares of Manitowoc …

The Hill reports: LG Electronics is planning to raise prices on some of its washer and dryer models in response to President Trump’s decision this week to impose hefty new tariffs on imported washing machines. The president on Monday levied tariffs on washers made by LG and Samsung as part of an effort to help U.S. based Whirlpool. “As a …

The Associated Press reports: President Donald Trump is signing a measure Tuesday imposing tariffs on imported solar-energy components and large washing machines in a bid to help U.S. manufacturers. The administration says the decision is part of Trump’s pledge to put American companies and jobs first. The administration is imposing an immediate tariff of 30 percent on most imported solar …