Auto industry may lose 17 percent of profits due to Trump’s tariff plan: Report

Morning Report — Trump criminal case dismissed; He announces tariff hikes

In today’s issue: President-elect Trump’s electoral victory on Nov. 5 shifted the scales of justice. And just as the president-elect celebrated closure of significant legal entanglements, he ...

Politics - The Hill - 3 days ago

Evening Report — World leaders react to Trump's tariff threats

Plus: Where do Trump's criminal cases stand? {beacon} Evening Report © AP World leaders react to Trump's tariff threats Global leaders on Tuesday reacted with a mix of concern and warnings about ...

Politics - The Hill - 3 days ago

Trudeau in Florida to meet Trump after tariffs threat – reports

Canada’s PM to dine with US president-elect at Mar-a-Lago resort, news reports say, days after Trump threatens 25% tariff on Canadian imports. The Canadian prime minister, Justin Trudeau, has ...

World - The Guardian - 4 hours ago

Haberman says Zuckerberg's Mar-a-Lago visit a signal industry may be courting Trump

National political correspondent Maggie Haberman said Meta CEO Mark Zuckerberg's recent visit to President-elect Trump's Mar-a-Lago resort may show that industries are seeking to build a bridge ...

Politics - The Hill - Yesterday

Why Trump May Drop Plans to Repeal Biden’s Chips Act

The president-elect has a record of reversing policies from prior administrations, but there are many reasons he might spare Biden’s program to boost domestic semiconductor manufacturing.

Business - Inc. - November 7

Trump’s oil-drilling plans may pose a big problem for OPEC+

OPEC+ is facing a dilemma as the group of major oil producers meets this Sunday, thanks to expectations for a surplus in global oil supplies next year — and as U.S. President-elect Donald Trump’s ...

Business - MarketWatch - 3 days ago

Trump's approval rating at 54 percent as president-elect

A slight majority of registered voters approve of the job President-elect Trump is doing leading up to his second White House administration, according to a new poll. A Harvard CAPS/Harris poll ...

Politics - The Hill - November 19

Oil prices lifted by report Iran may be planning another major strike on Israel

Oil futures finished higher on Friday, finding support after a news report that Iran may be planning another major strike on Israel.

Business - MarketWatch - November 1

Report: Trump may create "warrior board" to remove "woke" military leaders

President-elect Trump is pushing to end diversity training in the military and has pledged to fire generals he believes support a "woke" agenda. A new board of retired military officials could help ...

No, tariffs did not make American industry great

New research suggests that America’s manufacturing rise came despite high tariffs, not because of them.

Business - MarketWatch - November 5

Europe's Auto Woes Continue as Michelin, Schaeffler Plan Job Cuts

Michelin and Schaeffler said they plan to close factories and cut thousands of jobs in Europe as car-part suppliers reel from weakness in the automotive sector.

Business - The Wall Street Journal - November 5

US economy ‘motoring along’ with 2.8% expansion in last quarter, but Trump’s trade tariffs ‘threaten economic growth’ – business live

Rolling coverage of the latest economic and financial news. Trump’s tariff threat sets stage for bitter global trade war . Trump’s tariffs will lead to higher prices in the shops, and ...

World - The Guardian - 2 days ago

Walmart may have to raise some prices if Trump tariffs take effect, CFO says

The discounter's comments are the latest warning from retail leaders about the potential impact of the tariffs.

Business - CNBC - November 19

Trump tariffs are coming, but some Chinese companies may already know how to avoid them

Some experts liken tariffs to a game of whack-a-mole, with trade flows simply rerouted if the potential rewards are big enough . Businesses are bracing for the economic impact of a second Trump ...

World - The Guardian - November 20

Trump’s incoming ‘border czar’ promises secure southern US border as nations hit back at Trump’s tariff plan – live

Tom Homan visits Texas to talk about need for strong borders; US motorists could face higher gas prices if Trump imposes the tariffs he’s threatened . Trump’s talk of tariffs raises fears of hit ...

World - The Guardian - 3 days ago

Trump’s Tariffs

We explore his promise to impose a charge on foreign products entering the U.S.

Top stories - The New York Times - November 21

The auto industry is pulling back on its ‘capital junkie’ tendencies after unprecedented spending on EVs, self-driving

After years of spending capital freely on all-electric and autonomous vehicles, automakers are starting to pull back.

Business - CNBC - 4 days ago

The auto industry is pulling back on its 'capital junkie' tendencies after unprecedented spending on EVs, self-driving

The auto industry has an addiction.

Tariffs: A trade tool that’s losing its mojo

Tariffs, if used judiciously, may help achieve certain policy goals, but in many respects, they are becoming yesterday’s tool.

Politics - The Hill - November 21

China's industrial profits fall by 10% in October as deflation worries linger

Industrial profits are a key gauge of the financial health of factories, mines and utilities in China.

Business - CNBC - 3 days ago

China Oct industrial profits narrow decline but demand remains weak

World - Yahoo News - 3 days ago

Apex Legends Loses Steam Deck Support Due To Cheating Concerns

Apex Legends is no longer supported on Steam Deck or Linux as a result of cheating, according to EA. "Linux is used by default on the Steam Deck," an EA community manager wrote in a post ...

Tech - GameSpot - November 1

Kinzinger: Zero percent chance GOP House would buck Trump

Former Rep. Adam Kinzinger (R-Ill.) said on Wednesday he was concerned about the potential lack of checks and balances across government branches, especially if Republicans keep control of the ...

Politics - The Hill - November 7

Trump’s Tariff Plan Would Upend Trade Flows, Raise Costs, Draw Retaliation

Visions of another trade war with China and a rise in inflation are only a few of the worries economic experts raise with the prospect of a second term for the GOP hopeful.

Business - Inc. - November 4

Retail Group Sees $78 Billion Spending Hit From Trump Tariff Plan

A National Retail Federation predicts a huge loss in consumer spending power under Trump, who also threatened Mexico and China with further tariffs over fentanyl flows to the U.S.

Business - Inc. - November 5

Steve Madden to slash China sourcing by as much as 45% as Trump's tariff plan looms

Retailers and brands have already made a push to diversify sourcing because of tariff risks and supply chain disruptions.

Business - CNBC - November 7

From higher tariffs to lower taxes, will Donald Trump’s economic plan pay off?

There is a strong chance the president-elect’s radical strategy going wrong, with a high risk of rising prices, inflation and interest rates. Business live – latest updates It’s the economy, ...

World - The Guardian - November 8

Trump Tariff Plans Push Sunscreen Maker Edgewell to Lock in Chinese Chemicals Supply

The maker of Banana Boat and Hawaiian Tropic, as well as rival Neturogena manufacturer Kenvue, relies on heavily engineered chemicals that are hard to buy elsewhere.

Business - Inc. - November 8

Trump ‘most likely’ needs 60 votes in Senate to enact tariff plan, Sen. Rick Scott suggests

There's a debate as to whether President-elect Donald Trump can enact a sweeping tariff plan with or without congressional approval.

Business - CNBC - November 10

Trump’s tax plans: $7,500 EV credit likely to get axed, as tariffs spark anxiety

One tax credit that appears on track for elimination is an Inflation Reduction Act provision that can provide up to $7,500 to buyers of electric vehicles.

Business - MarketWatch - November 12

Trump’s tariff plan would put US on path to ‘crony capitalism’, Griffin says

Founder of hedge fund Citadel also floats possibility of selling minority stake in firm to outside investors

Business - Financial Times - November 21

Trump says he plans to enact new tariffs on Canada, China and Mexico on his first day in office

President-elect Donald Trump said Monday that his incoming administration would slap new tariffs on imported goods from Mexico, Canada and China, solidifying a key campaign promise that could have ...

Politics - NBC News - 3 days ago

Why GM, Ford stocks are falling after Trump’s tariff plan for Mexico and Canada

Stocks of GM and Ford took a hit, amid concerns that Trump’s plan for tariffs on imports from Mexico and Canada could cut auto sales more than a million cars.