A 100-year-old furniture manufacturer in western Michigan has shut its doors, citing President Donald Trump’s tariffs as the final blow. The company, Howard Miller, employed 195 people. “In recent years, a convergence of market influences beyond our control brought us to this point. Furniture sales are closely linked to the health of the housing market, which is struggling,” the company’s …
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Since the first weeks of President Donald Trump’s second term, when the president signaled a wholesale reimagining of the international trade system on a scale not seen in decades, mainstream economists have warned that prices would surge. The mantra, repeated by everyone from mainstream economists to factions of the GOP, has been clear: A tariff is a tax on consumers. …
Read More »Tariffs on Brazil Could Leave Coffee Drinkers With a Headache The New York Times Trump Doubles Down on Using Tariffs as Tool of American Power The Wall Street Journal Trump’s 50% Tariff on Brazilian Goods Like Coffee and Orange Juice Could Drive up US Breakfast Costs U.S. News & World Report Trump says he will speak to Lula at some point as Brazil …
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New Copper Tariffs Could Push Nvidia Closer To Navitas (NASDAQ:NVTS) Seeking Alpha Opinion | Trump’s Tariffs Blow Up the Copper Market The Wall Street Journal Manufacturers plead for US tariff clarity before copper stockpiles dwindle Financial Times Once-in-a-Generation Copper Trade Upends a $250 Billion Market Bloomberg.com Trump’s copper tariffs pile more metal misery on US auto industry Reuters Source link
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Simon Jack, Business editor, and Huw Thomas, Business correspondent for BBC Wales BBC Ryan Davies worked at the Port Talbot steelworks for 33 years and from his very first day, he heard rumours that the plant was on the verge of closing. Whispers would spread among his colleagues about new ownership and redundancies. Usually, they weren’t true. “You took it …
Read More »ZEELAND, Mich. (AP) — A Michigan clock company that has helped people keep time for 99 years says it’s going out of business due to tariffs and other economic conditions. Howard Miller Co., which makes grandfather clocks, wall clocks and furniture, said production will be phased out this year. The company will stick around in 2026 to sell its inventory. …
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New York CNN — President Donald Trump’s shock-and-awe tariff campaign is off to a slow start when it comes to reviving American manufacturing jobs. While it will take time for the full impact to play out, the early results suggest that not only have tariffs failed to inspire a hiring boom, but the chaotic policy rollout is paralyzing businesses. Economists …
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Wall Street thought it had President Donald Trump all figured out on his trade war, but the past week has raised concerns that investors may be wrong. Markets had dismissed tariff risks under the assumption that Trump would follow an earlier pattern and back off, in what became known as the so-called TACO trade. That allowed stocks to reach new record-high territory …
Read More »Trump delayed his tariffs again. This could be the last time. Politico Stocks drop after Trump announces 35% tariff on Canada CNN Trump’s Latest Canada Tariff Threats Come Despite Cordial Negotiations With Carney The New York Times Trump unleashes more tariff threats and four big U.S. storms in less than a week: Morning Rundown NBC News What to know about Trump’s new tariffs on …
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ZEELAND, Mich. (AP) — A Michigan clock company that has helped people keep time for 99 years says it’s going out of business due to tariffs and other economic conditions. Howard Miller Co., which makes grandfather clocks, wall clocks and furniture, said production will be phased out this year. The company will stick around in 2026 to sell its inventory. …
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