Chinese government tells airlines to halt Boeing order amid tariff wars
R-Calif. Rep. Darrell Issa of the president discusses trade negotiations with more than 100 countries in “The Evening Edit.” Chinese airlines have been ordered not to deliver further Boeing aircraft in response to the US, which is leviing a 145% tariff on the US, according to Bloomberg news. Just before 7am on EST, Boeing’s pre-market […]
American consumers hit with tariff surcharges amid trade war
American consumers are noticing a new line of shopping receipts: tariff surcharges. Even if President Donald Trump suspends 90 days on tariffs, businesses and customers are feeling the impact of importing products, particularly from China. Additional charges have appeared in several industries, affecting almost everything from clothing prices to car manufacturing. Some companies charge flat […]
Trump says he’s looking at certain part-specific tariff exemptions for automakers
President Donald Trump told reporters Monday afternoon that he was “looking for” tariff exemptions specific to potential parts of the automaker, emphasizing Trump’s stance that being “flexibility” is important in current trade negotiations. Trump’s signal about the carmaker’s potential reprieve comes after the administration moved to exempt electronic devices such as smartphones, iPhones and laptops […]
Australian Dollar gains strength as US tariff exemption fuels global risk appetite – FXStreet
The Australian dollar has moved forward after Trump exempts major technology products, including some from China, from his new “mutual” tariffs. RBA meeting minutes showed uncertainty about the timing of the next interest rate movement. The US dollar is stable as investors weigh on the weight of male dog concerns. The Australian Dollar (AUD) will […]
Dollar steady as traders grapple with tariff uncertainty, volatility – Yahoo Finance
Ankur Banerjee SINGAPORE (Reuters) – The dollar remained stable on Tuesday, but it endured six months of trough against Yen, a hit last week, as investors struggled to understand the changes before and after US tariffs. Still, the currency markets have settled far more after Asia hours after severely damaging the dollar despite a surge […]
SCOOP: Newsom launches campaign to entice reluctant Canadians to visit California amid Trump tariff push
Exclusive: Liberal government Gavin Newsom has revealed in a new campaign that Canadian tourists are being welcomed in the Golden State as he seeks to boost international travel after a sharp decline in US tourism caused by President Donald Trump’s tariff policy. “We get it. The White House doesn’t exactly lay out the welcome mat, […]
US Puts a 21% Tariff on Most Mexican Tomatoes – What It Means for Your Wallet!
The US government has revealed its intention to impose nearly 21% tariffs on the majority of tomatoes imported from Mexico this summer, arguing that the existing deal fails to “protect” American tomato farmers from “unfair imports from Mexico.” The Commerce Department announced on Monday that it will withdraw from the 2019 trade agreement with Mexico, […]
Small businesses take it on chin in Trump’s tariff war — here’s how they’re trying to weather storm
Trump’s tariffs govern American businesses all over the board, but it’s the small businesses that really put it on their jaws. Small businesses account for $868 billion, or about a third of US imports, per year, according to the Census Bureau. These companies are smaller than those of Microsoft, Amazon, Lululemon, but rely on Chinese […]
Xi Jinping, Missing for Much of Tariff Drama, Visits Vietnam
Chinese dictator XI Jinping of the Massacre, arrived in Vietnam on Monday, for a state visit that appears to be ensuring Hanoi’s support, in order to raise tariff rates that meant that Beijing would limit the impact on the US economy. Fellow communist countries received XI in a gorgeous ritual in Hanoi. Xi addressed Vietnamese […]
Trump says no exemption for iPhones and other Chinese-made electronics — suggests new tariff coming
President Trump has resolved the debate over tariffs on iPhones and other Chinese-made devices. He said there was no “exemption” and a new obligation is coming. “No one is ‘down the hook,’” Trump said. The true society of Sunday. “There were no “exceptions” customs duties announced on Friday. These products are subject to the existing […]