Trump tariffs push consumer sentiment to lowest level since 2022
President Trump's escalating trade war has shaking economic confidence among Americans across the political spectrum. Survey results Released on Friday. Preliminary results show that the University of Michigan's Consumer Sentiment Index plummeted from 10.5% to 57.9. This was the lowest level in the index since November 2022, falling to 56.7 amid steep inflation and aggressive […]
Tesla says it is 'exposed' to retaliatory tariffs
Tesla warned US Trade Representative (USTR) Jamieson Greer that electric vehicle companies and other American exporters are “essentially exposed” to retaliatory fees collected in response to people from the Trump administration. “Tesla recognizes and supports the importance of fair trade, but the assessment made by USTR of potential actions to correct unfair trade should also […]
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 […]