Tag Archives: tariffs

China Threatens Retaliatory Tariffs On US Goods

CNBC reports: The world’s second-largest economy has responded to President Donald Trump’s controversial trade tariffs. China’s commerce ministry proposed a list of 128 U.S. products as potential retaliation targets, according to a statement on its website posted Friday morning. Beijing will take measures against the 128 U.S. goods in two stages if it cannot reach an agreement with Washington, the …

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Stocks Tumble 724 Points On China Trade War Fears

MarketWatch reports: The Dow Jones Industrial Average finished sharply lower as losses gathered steam Thursday, producing the worst loss in a single-session for the blue-chip gauge since Feb.8. Back then in early February, the Dow DJIA, -2.93% fell 1,033 points, or 4.2%, as inflation fears perked up. Thursday’s downtrend, which was broad based, came as investors fretted about the effect …

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Trump Orders $50 Billion In Trade Tariffs On China

NPR reports: The Trump administration is preparing to impose at least $50 billion worth of tariffs on Chinese imports, in a major escalation of the president’s “America First” trade policy. President Trump is also calling for new limits on Chinese investment in U.S. technology, in an effort to protect what the administration calls America’s “economic seed corn.” Trump signed a …

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Trump Advisor Carl Icahn Denies Insider Trading: We Had No Prior Knowledge Of Trump’s Tariff On Steel

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 …

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LIVE VIDEO: Trump Presser With Swedish PM

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. …

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Trump Aide Shrugs Off “Nothing Burger” Trade War

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 …

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Trump Threatens Tax On European Union Cars

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 …

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TENNESSEE: Sweden’s Electrolux Puts Major Expansion On Hold After Trump Unveils Stiff Tariff On Steel

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 …

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Trump Insider Dumped $31M In Steel Stock Last Week

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 …

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LG Jacks Up Unit Prices Due To Trump’s Tariffs

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 …

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Trump Slaps Up To 50% “America First” Tariffs On Imported Washing Machines And Solar Energy Parts

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 …

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