Tag Archives: Tariffs

The Indian prime minister, Narendra Modi, has said he is ready to “pay a very heavy price” for resisting US attempts to dictate the country’s trade policies, as India took a defiant position in the wake of Trump’s punitive export tariffs. In an executive order signed on Wednesday, Trump slapped India with an additional 25% tariff, in a move he …

American businesses and consumers soon will have a better idea of how President Donald Trump’s foreign trade agenda might affect them now that the United States has imposed higher tariffs on products from dozens of countries. It’s been nearly 100 years since the nation had an overall import tax rate as high as the one set Thursday. But the individual …

Sonos to Raise Its Hardware Prices This Year Due to Tariffs  Bloomberg.com Sonos confirms tariffs will increase its prices this year  The Verge Sonos is raising prices this year to make up for tariff expenses  Engadget If you’re thinking of buying a Sonos device, there’s now a very good reason not to wait  What Hi-Fi? Sonos says it’s forced to raise prices while trying …

NEW YORK (AP) — Stocks are slipping on Wall Street Thursday after President Donald Trump’s latest tariffs took effect on dozens of countries. The S&P 500 fell by 0.5% after climbing earlier in the day to the edge of its record, which was set late last month. The Dow Jones Industrial Average was down 366 points, or 0.8%, as of …

Swiss Businesses Fear Being ‘Annihilated’ by One of the World’s Highest Tariffs  The New York Times Tenacious Swiss Leader Stood Up to Trump — It Backfired on Her  Bloomberg.com A tariff avalanche catches Switzerland unawares  The Economist Trump Tariffs: Did Swiss gold refiners fuel the crisis?  dw.com Switzerland will pursue further talks with US over crippling tariffs  Reuters Source link

Why Chip Stocks Are Rising Despite 100% Tariff Threat 11 minutes ago Chip stocks rose on Thursday, the day after President Donald Trump said companies that manufacture in the U.S. or have committed to doing so will be exempt from 100% semiconductor tariffs.  “We’ll be putting a tariff of approximately 100% on chips and semiconductors. But if you’re building in the United …

Trump’s Tariffs Could Raise Prices on Many Consumer Goods  The New York Times Tariffs up to 50% kick in worldwide, sparing few  CNN Leather, Gems, Jewellery Among Key Sectors Hit Hard By 50% US Tariff  NDTV Duty regime: America’s consumers will foot the tariff bill  The Economist How tariffs work, and who pays them, as Trump’s levies take effect  The Washington Post Source link

Stocks pared gains in the early morning session after Bloomberg reported Federal Reserve Governor Christopher Waller is “emerging as a top candidate” to serve as the central bank’s next chair. Bloomberg reports: Federal Reserve Governor Christopher Waller is emerging as a top candidate to serve as the central bank’s chair among President Donald Trump’s advisers as they look for a …

Nikhil Inamdar BBC News, Mumbai Bloomberg via Getty Images India has called the US tariffs “unreasonable” India has unexpectedly become a key target in Washington’s latest push to pressure Russia over the Ukraine war. On Wednesday, Donald Trump doubled US tariffs on India to 50%, up from 25%, penalising Delhi for purchasing Russian oil – a move India called “unfair” …

NEW DELHI (AP) — U.S. President Donald Trump has vowed additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%. India has called the additional tariffs “unfortunate.” Trump’s Wednesday announcement came as India and the U.S. are still negotiating a trade deal that has faced …