Latest in Trade deficit balloons to record high in January as companies scramble to import goods to avoid tariffs
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Trade deficit balloons to record high in January as companies scramble to import goods to avoid tariffs
The U.S. international trade deficit widened 34% in January to $131.4 billion, the Commerce Department said Thursday. It’s the widest deficit going back to the start of the series in 1992.MarketWatch - 6h -
U.S. trade deficit in goods balloons to record high as businesses race to avoid tariffs
The trade sector seems set to be a drag on headline GDP growth in the first quarter, but it is hard to estimate how much.MarketWatch - 6d -
US merchandise trade deficit surges ahead of expected tariff increases
Figures suggest companies are stockpiling goods ahead of levies promised by Donald TrumpFinancial Times - 6d -
Chinese importers’ tactic for beating US tariffs: pile it high
Warehouses have become buffers against political volatilityFinancial Times - 6d -
Reeves warns trade war will harm UK’s economy even if it avoids tariffs
Chancellor says growth and inflation will be hit by fallout from global frictionFinancial Times - 2d -
Chinese manufacturers scramble to mitigate tariff pain amid an escalating global trade war
As Washington-Beijing trade tensions flare, Chinese manufacturers are scrambling for ways to adjust their supply chains and head off the escalating tariffs.CNBC - 1d -
Home sales drop sharply as prices hit an all-time high for January
The median price of a home sold in January was $396,900, up 4.8% from the year before and the highest price ever for the month of January.CNBC - Feb. 21 -
Pending home sales drop to the lowest level on record in January
Home prices nationally are still higher than they were a year ago.CNBC - Feb. 27 -
Berkshire operating earnings surge 71% in fourth quarter, cash hoard balloons to record $334 billion
Berkshire Hathaway reported fourth-quarter results on Saturday. The company's Class A shares popped more than 25% in 2024.CNBC - Feb. 24 -
Blackhawks’ Ryan Donato Is As Good As Traded
Ryan Donato has been excellent for the Chicago Blackhawks, and while the team has had contract discussions with the versatile forward, it looks very clear that they will trade him over the next few ...Yahoo Sports - 2d -
Nigel Farage’s media company records £1.25mn profit
Reform UK leader’s earnings boosted by reality show appearance in late 2023Financial Times - Feb. 26 -
Japan's inflation rate climbs to a 2-year high of 4% in January, supporting rate hike calls from BOJ members
Core inflation — which excludes prices of fresh food — rose to 3.2% from 3% in the prior month and beat economists' expectations of 3.1%, according to a Reuters poll.CNBC - Feb. 21 -
Trump’s threatened 25% tariffs on EU imports could trigger ‘economic turmoil’
US president’s plan could prove to be an economic shock to both blocs, German thinktank says. Business live – latest updates Donald Trump’s threatened 25% tariffs on EU imports could trigger ...The Guardian - Feb. 27 -
Trump orders probe into lumber imports ahead of possible tariffs
President Trump signed a Saturday executive order requesting an evaluation of lumber imports, which he described as a “critical” manufacturing industry “essential” to national security, economic ...The Hill - 4d -
Why is Trump's tariff pause for automakers important for consumers, economy?
The White House announced that President Trump would delay tariffs on cars from Mexico and Canada for 30 days. CBS News' Olivia Rinaldi and Caitlin Huey-Burns have the latest on Trump's tariffs.CBS News - 22h -
Canadians protest imports of US toxic waste amid Trump tariff war
Move to expand landfill for US hazardous waste stirs disputes between leaders in Quebec and Montreal suburb. The proposed expansion of a Quebec landfill that accepts hazardous waste from the ...The Guardian - 4h -
Chinese delegates avoid questions as they gather amid Trump's trade war
China's assembled delegates don't care to discuss President Trump's escalating trade war, but the underlying message from Beijing is one of confidence.CBS News - 1d -
Companies are unprepared for new tax trade-off in 2025
As the Tax Cuts and Jobs Act is set to expire later this year, companies are preparing for potential trade wars and tariffs, and the White House is weighing a strategy that could include a tariff ...The Hill - Feb. 24 -
U.S. stocks are near record highs. Why are investors so worried?
Sentiment gauges have soured — but the S&P 500 was at record highs just a few days ago. What’s going on?MarketWatch - Feb. 24 -
Weather tracker: temperatures hit record highs across South America
Rio de Janeiro reached 44C, its highest temperature for more than a decade, last Monday. While North America grappled with widespread cold and wintry conditions last week, South America – now in ...The Guardian - Feb. 24 -
What 125 years of data says about diversification and investing at record highs
Global investment returns yearbook finds stock-market investing is profitable but volatile.MarketWatch - 2d -
Faisal Islam: Any Starmer deal with Trump is all about avoiding tariffs
A deal to avoid further trade barriers appears very much on the cards, but challenges remain.BBC News - 6d -
Trump says ‘no room left’ for deal that avoids tariffs on Mexico and Canada
Announcement leads to sharp sell-off on Wall Street as Trump also vows tariffs on farm products starting in April. The US will press ahead with steep tariffs on Canada and Mexico from Tuesday, ...The Guardian - 2d -
Chinese-owned factories move to Cambodia to avoid U.S. tariffs
As Trump's trade war with China brings reciprocal tariffs, many Chinese firms are investing in operations elsewhere to avoid the burden. Anna Coren reports from Cambodia.CBS News - 2d -
Trump threatens to impose 25% tariffs on EU goods
US president warns levies will target auto sector and be applied ‘generally’Financial Times - Feb. 26 -
Canada slaps 25% retaliatory tariffs on U.S. goods
Canada is responding to President Trump's tariffs with retaliatory 25% tariffs on U.S. goods. CBS News national correspondent Lana Zak has more on the impact of the tariffs between the U.S. and ...CBS News - 2d -
Trump pauses tariffs for some Canadian and Mexican goods
The temporary move expanded a carve-out issued for automakers a day earlier.ABC News - 18m -
How Trump’s Tariffs Could Affect American Companies
Business owners told The Times that President Trump’s tariffs could lead to higher costs and expressed frustration at the sudden uncertainty about policy.The New York Times - 4d -
How Trump’s Tariffs on China Are Affecting Toy Companies
A trade show for toys, most of which are made in China, showcased an industry, underneath the fun, rattled by President Trump’s higher tariffs.The New York Times - 3d -
Canadian companies struggling amid U.S. tariffs
Canadian companies are still coming to grips with this week's implementation of President Trump's tariffs. CBS News senior White House and political correspondent Ed O'Keefe reports.CBS News - 6h -
'Tariff taskforce': Pharma firms scramble to prepare even as Trump levies risk flouting WTO rules
Europe's pharmaceutical firms are rushing to prepare for the potential fallout of U.S. import duties, even as analysts warn that levies on the sector could break global trade rules.CNBC - 2d -
What else can Canada and Mexico do to avoid Trump’s tariffs? America’s neighbors may slap new tariffs on China.
As traders worldwide wait to see if U.S. President Donald Trump once again holds off on putting new tariffs on Canada and Mexico, the head of the U.S. Treasury Department has highlighted one ...MarketWatch - 5d -
Trump Suspends Mexico and Canada Tariffs on USMCA Goods for a Month
Goods trading under the rules of the North American trade pact, or most products, would be exempt from tariffs, the president said. The levies have caused stock markets to sink.The New York Times - 38m -
Chipotle CEO says company will absorb any cost increases from tariffs
President Donald Trump’s plan to impose tariffs on America’s largest trading partners is sending ripples through the U.S. economy, as businesses and consumers alike prepare to pay Yet for Chipotle ...NBC News - 3d -
China Retaliates Against Trump, Imposing Tariffs and Blacklisting U.S. Companies
Beijing imposed broad tariffs on imports of American food and said 15 U.S. companies could no longer buy from China without special permission.The New York Times - 2d -
Companies brace for price pressures as Trump tariffs start to bite
Manufacturing, retail and food sectors highlight coming shocks after duties on Canada, Mexico and China are imposedFinancial Times - 1d -
Campbell’s joins list of consumer companies baffled over specific tariff impacts
Campbell’s said it’s currently too difficult to estimate how tariffs will affect prices and sales.MarketWatch - 1d -
North American pipeline company warns Trump tariffs will hit fuel prices
TC Energy chief says continent needs to deepen cross-border ties to avoid inflation and protect energy securityFinancial Times - 1d -
Trump’s tariffs worry companies. Here’s what they’re saying about the uncertainty.
Companies are assuming tariffs will be a ‘disturbance’ to earnings, but they don’t know how muchMarketWatch - 22h -
Nvidia's auto segment revenue surges to record high on demand for driver-assist tech
U.S. chipmaker Nvidia's auto segment revenue doubled in the latest quarter to its highest on record as demand for driver-assist software picked up.CNBC - Feb. 27
