Tariffs, Schmariffs! Some Wall Street bigs aren’t worried about stocks
They are lonely souls, but the power of Wall Street executives and wealth managers telling their clients to ignore the noise remains. Their message: The US economy is fine. The market will function via current pooks and reach new highs by the end of the year. In other words, tariffs, schmariffs! I'm not saying I […]
Trump tariffs ‘worth it’ — even if they trigger recession: Commerce Secretary Howard Lutnick
Commerce Secretary Howard Lutnick said President Trump's tariffs were “worthy.” The economist warns that the president's strict tariffs in Canada and Mexico, a 30-day suspension, 20% collection on China, and his sweeping aluminum and iron tariffs could reheat inflation. Trump's pre- and post-election approach to implementing tariffs, and the costly risks of retaliatory tariffs, wiped […]
Trump’s Tariffs Didn’t Tank the Market
The story of the sale of tariffs makes no sense If you're looking for an explanation of why the stock market has stumbled, financial reporting has ready-made answers. Condemn Trump's tariffs. This claim is familiar, convenient and completely predictable. That's also wrong. The markets do not move with a decent response to the political narrative, […]
Karoline Leavitt holds briefing as Trump threatens more tariffs
White House press secretary Karoline Leavitt holds a briefing. #FoxNews Subscribe to Fox News! https://bit.ly/2vBUvAS Watch … source
Elon Musk’s Tesla warns it could face retaliatory tariffs from Trump’s aggressive actions
Tesla warns that IT and other major US exporters are exposed to retaliatory tariffs that can be levelled in response to President Trump's aggressive use of tariffs. Tesla CEO Elon Musk, Trump's close ally, has led the White House efforts to reduce the size of the federal government. The billionaires lead the so-called government efficiency […]
Canada files WTO complaint over US steel, aluminum tariffs
Canada has filed a complaint with the World Trade Organization (WTO) and calls for it to challenge consultations with the US over tariffs on certain aluminum and steel products from Ottawa. WTO It stated that the request was distributed To a member of the trade group on Thursday. Canada said Washington's taxation ended its exemption […]
Mattel CEO aims to offset Trump’s tariffs by shrinking manufacturing, making more movies
The second US toy company deals with tariffs by reducing its manufacturing operations and leaning towards the biggest brand-starring movies. “We used to be called toy makers,” Kreiz said at the UBS Global Consumer and Retail Conference in NYC. Now, we've become IP [intellectual property] company. “ Mattel CEO Ynon Kreiz has a big bet […]
Inflation eases in February, but Trump tariffs could derail progress
Prices had a surprising dip in February, according to the latest inflation report. (ISTOCK)) According to the Consumer Price Index (CPI), annual inflation rose to 2.8% in February, reducing an unexpected decline from 3.0% in January. Released by the Bureau of Labor Statistics (BLS). Inflation rose 0.2% each month after a 0.5% increase in the […]
Tariffs Are ‘a Tax’ ‘Will Be Passed’ to Consumer
On CNN's “Source” aired Wednesday, Sen. Mark Wayne Marin (R-OK) said he sees President Donald Trump's economic policies working and tariffs as a tool to open foreign markets to American businesses and leverage other issues. [are] Taxes, and it will be handed over[to] Consumers. ” Marin said, “It's difficult now. And I understand that. I'm […]
Trump threatens 200% tariffs on all alcohol from EU countries after whiskey tax
President Trump on Thursday threatened 200% tariffs on all alcohol products coming from the European Union after the US collected 50% tax on whiskey coming from the US. “The European Union, one of the world's most hostile and abusive tax and customs authorities formed for the sole purpose of using the United States, has placed […]