Tag Archives: tariffs

CNBC reports:  Amazon CEO Andy Jassy said Thursday the company is still digesting the impact of President Donald Trump’s sweeping tariffs, but that its vast network of third-party sellers may “pass that cost on” to consumers. “I understand why, I mean, depending on which country you’re in, you don’t have 50% extra margin that you can play with,” Jassy said …

The Wall Street Journal editorial board writes: President Trump says trade wars are easy to win. Investors think otherwise, and on Wednesday Mr. Trump decided maybe investors are right. Markets celebrated with a stock-market rally on hope that perhaps Mr. Trump isn’t entirely oblivious to the damage he’s causing. The rout in dollar assets reversed, at least somewhat, and the …

NBC News reports: President Donald Trump and Treasury Secretary Scott Bessent have been boasting that 75 countries contacted the Trump administration hoping to cut a trade deal—but the White House is keeping its lips zipped on which countries have reached out. “It has brought more than 75 countries forward to negotiate–it took great courage, great courage for him (Trump) to …

The New York Times reports: Behind the scenes, senior members of Mr. Trump’s team had feared a financial panic that could spiral out of control and potentially devastate the economy. Treasury Secretary Scott Bessent and others on the president’s team, including Vice President JD Vance, had been pushing for a more structured approach to the trade conflict that would focus …

Axios reports: The Trump administration’s massive tariffs on China have Apple flying planes full of iPhones to the U.S. and consumers rushing to buy them before the prices potentially skyrocket. U.S. consumers are rushing to stores to buy iPhones in anticipation that the new tariffs will prompt Apple to raise prices. Some customers told the WSJ that they aren’t waiting …

“What happened in the bond market overnight, the spike in yields on the 30-year and the 10-year bonds, showed that people were dumping our bonds. And who are those people dumping our bonds? Japan, the biggest holder of bonds, was selling bonds. That’s what I’m getting from some very big money managers. “If you have a mass sale of bonds, …

“This is a GREAT time to move your COMPANY into the United States of America, like Apple, and so many others, in record numbers, are doing. ZERO TARIFFS, and almost immediate Electrical/Energy hook ups and approvals. No Environmental Delays. DON’T WAIT, DO IT NOW! Republicans, it is more important now, than ever, that we pass THE ONE, BIG, BEAUTIFUL BILL. …

The Washington Post reports: The European Union hit back at President Donald Trump’s steel tariffs Wednesday, approving levies up to 25 percent on a broad list of U.S. products, as European leaders attempt a carrot-and-stick approach to bring Washington to the negotiating table. While the list of products was not made public, a copy of the E.U. plan, seen by …

The New York Times reports: The Chinese government announced that it was putting an additional 50 percent tariff on imports from the United States, matching the extra 50 percent that Trump had imposed to retaliate for an earlier move by China. President Trump’s latest tariffs took effect just after midnight on Wednesday, hitting nearly all U.S. allies with punishing new …

Politico report: President Donald Trump said Tuesday that pharmaceutical imports will soon be hit with “major” tariffs as part of his efforts to drive manufacturing back to the U.S. Drug imports evaded the first round of tariffs that Trump imposed on countries around the world, but the president said they will not be spared. “We’re going to be announcing very …

Via press release from the Canadian government: The Minister of Finance, the Honourable François-Philippe Champagne, today confirmed that Canada’s new countermeasures announced last week in response to the unjustified tariffs imposed by the United States on the Canadian auto industry will come into force at 12:01 a.m. EDT on April 9. As the Prime Minister indicated on April 3, this …

CNBC reports: Stocks fell Tuesday as a relief rally proved short-lived and investor anxiety returned ahead of President Donald Trump’s next tariff deadline. The Dow Jones Industrial Average dropped 320 points, or 0.84 %, bringing its four-day loss on tariff angst to nearly 5,000 points. Apple led the losses with the iPhone maker’s costs set to surge with new China …

CTV News reports: Canada’s tariff war with the U.S. has many homegrown companies hoping customers remember there’s more to them than their names. Despite branding themselves with nods to the U.S., Boston Pizza, New York Fries, Montana’s, California Sandwiches and The Great American Backrub are all Canadian and have been working to ensure the public doesn’t forget. “Not going to …

The American Farm Bureau writes: Farmers and ranchers, like all Americans, will be paying more for many of the products they purchase, from seed for vegetable growers to tractors and other equipment made of steel. Retaliatory tariffs imposed by our trading partners make American products more expensive than products from countries not facing such tariffs, thereby lowering demand for the …

The New York Times reports: Xi Jinping wants you to know that he will not be cowed. Confronted with the latest threat from President Trump of an additional 50 percent tariff on Chinese goods unless Beijing reverses its retaliatory levies on U.S. imports, China’s top leader has remained defiant. His Ministry of Commerce on Tuesday accused the United States of …

The Guardian reports: A libertarian group that has been funded by Leonard Leo and Charles Koch has mounted a legal challenge against Donald Trump’s tariff regime, in a sign of spreading right wing opposition to a policy that has sent international markets plummeting. The New Civil Liberties Alliance filed a suit against Trump’s imposition of import tariffs on exports from …

CNBC reports: The Dow Jones Industrial Average fell for a third day following President Donald Trump’s tariff rollout, with the president threatening even higher rates against China on Monday. The session was a wild one as traders tried to speculate when the market would bottom from Trump’s tariff turmoil, with the Dow Jones Industrial average posting its largest intraday point swing …

Politico reports: Speaker Mike Johnson said Monday that the House will provide Trump with “space” to carry out his massive global tariff regime, even as some GOP lawmakers openly plead with Trump to negotiate off-ramps before the levies kick in on Wednesday. “We’re going to give him the space necessary to do it, and we’ll see how it all develops,” …

Reuters reports: The European Commission proposed counter-tariffs of 25% on a range of U.S. goods on Monday in response to President Donald Trump’s tariffs on steel and aluminium, a document seen by Reuters showed. The tariffs on some goods will take effect May 16 and others later in the year, on December 1, the document said. The goods are wide-ranging …

Axios reports: President Trump would veto a bill introduced by Sens. Maria Cantwell (D-Wash.) and Chuck Grassley (R-Iowa) that would limit the president’s authority to unilaterally impose tariffs, according to a White House statement seen by Axios. “If passed, this bill would dangerously hamper the President’s authority and duty to determine our foreign policy and protect our national security,” according …