China Chip Traders Grumble that Trump Tariffs Sent Orders Plummeting
South China Morning Post (SCMP) On Tuesday, President Donald Trump’s tariffs pushed up prices and stopped ordering for computer products, which saw a sense of darkness settling down in China’s vast electronic market in Shenzhen. SCMP I spoke The distributor is in Huaqiangbei, a district of the high-tech hub city of Deep Shenzhen, specializing in […]
Jerome Powell warns Trump tariffs could put Fed in ‘challenging scenario’
Federal Reserve Chairman Jerome Powell said President Trump’s surprisingly strict tariffs could keep inflation higher than previously expected. The country’s top central banker on Wednesday said Trump’s new wave of trade taxes was “significantly greater than expected,” adding that “the same is likely to include economic impacts and increased growth.” “While avoiding that outcome depends […]
Trump tariffs ‘highly likely’ to lead to temporary rise in inflation: Fed’s Powell
The “Big Money Show” panel describes Federal Reserve Chair Jerome Powell’s warning about the impact of tariffs on inflation. Federal Reserve Chairman Jerome Powell said Wednesday that central banks could face a “challenging scenario” as they contest President Donald Trump’s tariffs. Powell said the US trading partner obligations imposed by the White House were “significantly […]
HART: Tariffs Are A Risky Gambit On The Geo-Political Chessboard
It was an incredible Masters tournament. Rory McIlroy ended his career grand slam by ultimately winning the Masters in a luxurious way. He sought it on every hole with his dramatic double bogeys and offensive eagle shots. All the ups and downs were far too many for the wealthy golf fans. The whole idea of […]
Newsom dips into massive anti-Trump legal fund to sabotage tariffs
California Gov. Gavin Newsom (D) and Attorney General Rob Bonta (D) announced Wednesday morning that the state filed a lawsuit against President Donald Trump to end the administration’s “illegal” tariffs. The complaint aims to prevent Trump from imposing increased tariffs on Mexico, China and Canada and establishing a 10% tariff on all countries. “His plan […]
Retail sales surged in March led by autos as consumers looked to beat tariffs
SW Retails Advisors Stacey Widlitz analyzes why retail spending was lower than expected in February at Claman Countdown. US retail sales rose more than expected in March as consumers put big ticket purchases on the forefront to anticipated tariff-induced price hikes. The Commerce Department released the data in March on Wednesday. This showed a 1.4% […]
Newsom says California will sue over Trump tariffs
California Gov. Gavin Newsom (D) and Attorney General Rob Bonta (D) announced plans to surrender the Trump administration on Wednesday. The lawsuit, which is scheduled to be filed in the U.S. District Court for the Northern District of California, argues that the president is not authorized to impose sudden import taxes through the International Economic […]
Toy industry expert expects Chinese tariffs to raise prices significantly
Lauren Simonetti of Fox Business reports on several ways that US President Toymer has benefited from President Donald Trump’s tariffs. Toy Industry CEOs have issued warnings about how China can impact the US Christmas “Toys are not currently being produced in China, and there are reports that major retailers here in the US are actually […]
Gavin Newsom Sues Trump over Tariffs
California Gov. Gavin Newsom (d) announced Wednesday that the state is suing President Donald Trump over recent tariffs. “President Trump’s illegal tariffs are causing disruption to California families, businesses and our economy. It’s a threatening job, raising prices. We’re standing up for American families who can’t afford to continue the disruption,” Newsmom said in a […]
California Gov. Gavin Newsom suing Trump over ‘unlawful’ tariffs
California Gov. Gavin Newsom announced Wednesday that he would su President Donald Trump on his drastic tariffs. The lawsuit argues that Trump uses international emergency economic forces to impose heavy tariffs on Mexico, Canada and China, and that a 10% tariff on all imports is illegal. California Gov. Gavin Newsom announced the lawsuit Wednesday. Getty […]