Tag Archives: Tariffs

WASHINGTON (AP) — Inflation likely accelerated in June as sweeping tariffs on nearly all imports may have pushed up prices for electronics, appliances, and other goods, economists forecast. Consumer prices probably rose 2.6% last month from a year ago, up from an annual increase of 2.4% in May, according to data provider FactSet. The Labor Department will issue its inflation …

Tesla launches in India with pricey $70,000 Model Y due to steep tariffs  Reuters Tesla’s Model Y debuts in India priced at a hefty $70,000 as the EV maker ‘tests the waters’  CNBC ‘Welcome to India, Tesla’: Anand Mahindra shares 2017 invite to Elon Musk, his reply  Hindustan Times Tesla India Entry With $70,000 Model Y to Test Musk’s Brand Pull  Bloomberg Tesla enters …

Protesters hold up an effigy of U.S. President Donald Trump in response to Trump’s announcement of 50% tariffs on Brazilian goods, in Sao Paulo, Thursday, July 10. Andre Penner/AP hide caption toggle caption Andre Penner/AP President Trump’s threat to impose higher tariffs on Brazil is “grotesquely illegal,” says Nobel Prize-winning economist Paul Krugman. Brazil was among the countries Trump threatened …

China’s economy has beaten expectations even as US President Donald Trump’s tariffs and a prolonged crisis in the property market weigh on growth. Official figures show the world’s second largest economy grew by 5.2% in the three months to the end of June, compared to the same time last year. That’s better than the 5.1% forecast by many economists but …

The Race Is On to Build U.S. Copper Mines After Trump Pledges Higher Tariffs – WSJ  The Wall Street Journal Why Markets Went Crazy Over 50% Copper Tariffs  Bloomberg.com Looming Copper Tariffs Leave Companies Scrambling: ‘Prices Will Go Up’  The New York Times Trump says 50% tariff on copper imports will begin Aug. 1  CNBC Who pays for tariffs?  marketplace.org Source link

Morning Bid: Euro shrugs at tariffs, but bonds balk  Reuters Stocks Shrug Off Trump’s Latest Tariff Threats  The New York Times Stock markets react to Trump’s latest tariff threats against EU and Mexico  CBS News Trading Day: Resisting renewed tariff tensions  Reuters European stocks tumble with EU tariff letter expected from White House  CNBC Source link

NEW YORK (AP) — U.S. stock indexes hung near their records on Monday following President Donald Trump’s latest updates to his tariffs, as speculation continues on Wall Street that he may ultimately back down on them. The S&P 500 edged up by 0.1% to pull within 0.2% of its all-time high set on Thursday. The Dow Jones Industrial Average added …

WASHINGTON, DC  – US President Donald Trump today issued a stark warning to Moscow, declaring that the United States would impose a sweeping 100 percent secondary tariff on countries trading with Russia if a ceasefire in Ukraine is not reached within the next 50 days. The announcement, touted by Trump as “major” beforehand, came during a meeting with NATO Secretary …

The 27-member bloc says Washington’s latest threats against its exports are ‘absolutely unacceptable’. The European Union has promised to take countermeasures against the United States if the administration of US President Donald Trump introduces 30 percent tariffs on imports from the bloc next month. After ministers met in Brussels on Monday to discuss the tariff threat Trump issued over the …

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. Once again, President Donald Trump is delaying his own tariffs. In April, after introducing jaw-droppingly high, possibly chatbot-calculated “reciprocal” tariffs that he planned to impose on all the United States’ major trading partners, Trump agreed to back off from …