Tariffs and crew issues present rough waters for yachtsmen
Owning a yacht is not as fun as it used to be, thanks to recent clampdowns and customs clamps on fraudulent workers. Over the past two weeks, there have been levelled crushing tariffs (245%) on China and 10% tariffs currently applied to the European Union, making it very expensive to be an American yachtman. Top […]
China beat growth expectations in Q1, but US tariffs cloud outlook
Rep. Warren Davidson of R-Ohio has evaluated President Donald Trump’s customs policy and shares the administration’s ongoing battle with federal judges on the “final line.” China has beaten expectations of first quarter economic growth, but the remaining prospects for 2025 remain dim as Beijing’s orthotics due to the impact of heavy US tariffs. The latest […]
Toy Industry CEO Warns: Trump’s China Tariffs Could Endanger Christmas!
The president and CEO of the Toy Association stated that President Trump’s 145% tariff on China could jeopardize a child’s Christmas as the two largest economies continue to be entangled in a trade conflict. “Currently, toys aren’t being manufactured in China, and there are indications that significant US retailers are starting to cancel their orders. […]
Hong Kong halts postal service for US-bound goods over Trump’s ‘bullying’ tariffs | Hong Kong
Hong Kong Post said on Wednesday it would halt the mailing service at sea to the US and will halt airmail postal service for items containing goods from April 27 due to US tariffs. When sending items to the US, Hong Kong people “have to be prepared to pay prohibitive and unreasonable fees for the […]
Trump launches probe laying groundwork for tariffs on critical minerals
President Trump signed an executive order on Tuesday instructing the Commerce Department to launch a national security investigation that laid the foundation for the administration to impose tariffs on key minerals. Trump signs an order to launch a probe known as Section 232 investigation and determines the impact of imported, processed critical minerals on national […]
US tariffs may cost chip equipment makers more than $1 billion, industry estimates
President Trump’s new tariffs could cost semiconductor equipment manufacturers more than $1 billion a year, according to industry calculations discussed with Washington officials and lawmakers last week, two sources familiar with the issue said. Each of the three largest chip equipment manufacturers in the United States (Applied Materials, LAM Research, KLA) could suffer a yearly […]
Establishment Media Devoted 62 Times More Coverage to Tariffs and Market than Sterling Jobs Numbers
According to a Newsbusters analysis, mainstream media, namely ABC, CBS and NBC, have dedicated coverage of more than 62 times to Trump’s tariffs and market responses than Sterling’s workload. The U.S. Bureau of Labor Statistics announced its employment numbers earlier this month, crushing expectations. US employers added 228,000 workers to their pay in March, but […]
Rivian CEO discusses tariffs and impact on the EV maker’s supply chain
Rivian founder and CEO RJ Scaringe discusses the impact of import tariffs on the “Craman Countdown.” Rivian founder and CEO RJ Sculling discussed Trump administration tariffs and how electric vehicle (EV) makers are navigating them on Tuesday. Scaringe told host Liz Claman that consumers have “a lot of questions” about “what will happen” about the […]
Johnson & Johnson worried about losses from China tariffs despite projecting $700 million in profits
Johnson & Johnson CEO said Trump’s tariffs on drugs could cause problems in the drug supply chain. In an investor’s call, CEO Joaquin Duato told colleagues that he should work with the Trump administration to address supply chain vulnerabilities that could result from tariffs. The statement appeared to be an effective call for the Trump […]
Trump tariffs could cost US economy hundreds of thousands of jobs: Goldman Sachs
Kenfisher, executive chairman of Fisher Investments, discusses the impact of US sweep tariffs on Kudrow. Goldman Sachs’ new report examining the president’s methods Donald Trump’s Tariffs have found that while the labour market could spur increased manufacturing employment, unemployment in other industries affected by the tariffs could have a net negative impact on employment across […]