Euro hits lowest since late June vs dollar on tariff worries – Yahoo Finance
Written by Stefano Rebaudo and Wayne Cole (Reuters) – The euro hit a 4-1/2-month low against the U.S. dollar as investors worried that additional U.S. tariffs could hurt the euro zone economy. The dollar was trading near its post-U.S. presidential election levels against major currencies as markets focused on data and Federal Reserve speakers and […]
Cuban implies Trump's tariff threat having negative impact 'right now'
Mark Cuban, a billionaire and former Harris campaign strategist, said President-elect Trump's tariffs, which include general tariffs on imports and additional tariffs specific to imports from China, one of the United States' major trading partners, He warned about the negative effects of the plan. “Every company that imports from China right now is burning through […]
Steven Madden to slash sourcing from China on tariff worries under Trump
Stephen Madden executives said Thursday that the shoe maker is working quickly to shift product sourcing from China to other countries in the wake of Donald Trump's presidential election victory. President Trump said in February that if he takes office, he would reimpose tariffs on China that could exceed 60% and place a huge burden […]
Global ETFs slide as investors see Trump tariff policies hurting trade – CNBC
Balcony above the trading floor inside the Euronext NV stock exchange on Monday, March 13, 2023 in Paris, France. Nathan Lane | Bloomberg | Getty Images U.S. exchange-traded funds that track global stocks nearly retreated in Wednesday trading as investors considered Donald Trump's victory to be detrimental to international stocks. Closely track exchange-traded funds with […]
Trump vows 25 percent tariff on Mexico unless it cracks down on border crossings
Former President Trump on Monday threatened to impose a 25% tariff on all imports from Mexico.top trading partnersRelations with the United States will continue unless Mexico's government curbs what he calls the “onslaught” of migrants coming across the border. “We're being invaded by Mexico. But now Mexico has a new president. They say she must […]
China Will Pay for the 60% U.S. Tariff
President Trump's tariffs on China will not have a negative impact on U.S. consumers Donald Trump's proposal impose a 60% tariff on all imports from China Eliciting cries of agony from all the usual suspects. Fortunately, their gloom and doom has little basis in economics. First of all, this is not 2016. The global economy […]
‘Most Beautiful Word in the Dictionary Is Tariff’
“The most beautiful world in the dictionary is tariffs,” former President Donald Trump said in a speech at the Chicago Economic Club on Tuesday. President Trump received a warm welcome ahead of his interview with Bloomberg Editor-in-Chief John Micklethwait. The editor-in-chief noted that Vice President Kamala Harris has been given the same opportunity to sit […]
The Smoot-Hawley Myth and the Real Stakes of Trump’s Tariff Proposals
Tariff panic returns Donald Trump's recent proposed tariffs (10% on all imports, potentially rising to 20% and 60% on Chinese goods) have led to all-too-familiar tariffs. Panic ensues among trade globalists. In the frenzy of President Trump's policy imagination, tariffs threaten to disrupt global trade, trigger retaliatory measures and send consumers through higher prices. ghost […]
Harris ‘Didn’t Want to Get Deep on’ Her Tariff Plan When I Interviewed Her
During Wednesday's broadcast of MSNBC's “Deadline: White House,” MSNBC host and NBC senior business analyst Stephanie Ruhle spoke about her interview with Vice President Kamala Harris, a 2024 Democratic presidential candidate, and said Harris “didn't want to dig too deep into what they're going to do, what her plan is on tariffs.” “It's a tough […]
Donald Trump Promises 100% Tariff on ‘Every Car Coming Across Mexican Border’
In a recent speech, former President Donald Trump unveiled a series of economic policies that would “create millions of jobs,” vowing to impose 100% tariffs on Mexican-made cars and slash corporate tax rates for companies that produce in the United States. Republican candidate Rally “We're going to put heavy tariffs on every car that comes […]