Latest in Businesses Hit Tariffs
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Canada cuts rates as trade war shakes consumer and business confidence
Reduction to 2.75% comes hours after US tariffs on aluminium and steel take effectFinancial Times - Mar. 12 -
Where Trump's tariffs will hit your grocery list, from avocados to frozen fish
President Donald Trump’s suspended tariffs on many goods from Canada and Mexico are set to take hold April 2, with more import taxes on other products and countries coming soon.NBC News - 5d -
Canada slaps electricity tariffs on New York, Minnesota, Michigan
The government of Ontario is applying a 25 percent surcharge starting Monday on electricity exports to three U.S. states in response to U.S. tariffs on Canada. This surcharge will affect ...The Hill - Mar. 10 -
China to impose retaliatory tariffs on some Canadian products as trade war heats up
China on Saturday announced retaliatory tariffs on Canadian agricultural goods, hitting back after Ottawa slapped import duties on Chinese-made EVs.CNBC - Mar. 8 -
Trump Pulls Back Plans to Double Canadian Metal Tariffs After Ontario Relents
The president had threatened to hit Canadian metals with 50 percent tariffs but opted not to go ahead after Ontario lifted a charge on U.S. electricity.The New York Times - Mar. 12 -
Almonds, whiskey, auto parts: EU's retaliatory tariffs set up these U.S. states and local products as the biggest losers
From California almonds to Tennessee whiskey and Michigan auto parts, some states and sectors will be hit hardest by U.S.-EU 'tit for tat' tariffs war.CNBC - 6d -
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China hits US farm goods with tariffs as trade war escalates
Beijing’s retaliatory measures target $22bn of agriculture products as well as timberFinancial Times - Mar. 10 -
Trump downplays recession fears as Canada hits U.S. with retaliatory tariffs
NBC News Correspondents Aaron Gilchrist, Gabe Gutierrez and Brian Cheung and Elise Labott of the Council of Foreign Relations join Meet the Press NOW to discuss the escalating trade war between the ...NBC News - Mar. 12 -
BMW warns of €1bn profit hit from global tariff war
Carmaker’s earnings down a third last year on weak demand from China and global recallFinancial Times - 6d -
Corporate Gloom Deepens as New Trump Tariffs Take Effect
Businesses need stability and clarity and instead they are getting calamity from Washington.Inc. - Mar. 12 -
Ontario hits power exports to US with 25% surcharge as trade war escalates
Canadian province’s decision will affect 1.5mn households and businesses in Michigan, Minnesota and New YorkFinancial Times - Mar. 10 -
EU and Canada retaliate after Trump’s metals tariffs take effect
Brussels and Ottawa hit tens of billions of dollars' worth of US imports with leviesFinancial Times - Mar. 12 -
Avocado grower Mission Produce says it will try to work around Mexico tariffs, but holds off on predicting exact impact
Avocado grower Mission Produce Inc. on Monday said it would try to work around any tariffs on imports from Mexico, but its outlook for the months ahead didn’t include the impact of those extra ...MarketWatch - Mar. 11 -
Trump does not rule out recession as he rejects business fears over tariffs
US administration concedes some prices might rise as fears grow of trade chaos causing disruptionFinancial Times - Mar. 9 -
Jamie Dimon on Trump tariff policy: 'Uncertainty is not a good thing'
JPMorgan Chase CEO Jamie Dimon acknowledged President Trump’s tariff policy is causing uncertainty for businesses, which is “not a good thing.” “I don’t think the average American consumer who ...The Hill - Mar. 13 -
Another avocado seller is downplaying tariffs — but is still monitoring this Trump policy
Calavo Growers Inc., a company that distributes avocados from Mexico and California, said Wednesday that it didn’t expect any U.S. tariffs on imports from Mexico to have a “meaningful impact” on ...MarketWatch - Mar. 13 -
Auto suppliers face more dire circumstances than automakers amid Trump tariffs
DETROIT — President Donald Trump’s proposed tariffs on goods from Mexico and Canada would hit automotive suppliers harder than automakers, but their problems could quickly have ripple effects on ...NBC News - 1d -
Treasury’s Bessent Defends Tariffs, Warns of a Coming ‘Detox Period’
The Treasury Secretary says that “access to cheap goods isn’t the essence of the American Dream.” But being profitable to grow and sustain a business is.Inc. - Mar. 7 -
Europe, Canada retaliate as Trump tariffs on metals take effect
Ursula von der Leyen, president of the European Commission, said in a statement that the EU "must act to protect consumers and business."ABC News - Mar. 12 -
China Outlines Plan to Bolster Consumption in Face of Trump Tariffs
Beijing’s leaders are ordering fiscally strapped local governments to spend more to help workers, consumers and businesses.The New York Times - 3d -
With Domestic Beer Drinking Declining, Barley Farmers Now Fear Tariffs
Export markets like Canada and Mexico are vital to this agricultural segment. Trump’s trade war now threatens threatens their business.Inc. - 2d -
Starmer says he is ‘disappointed’ by US tariffs on UK steel
PM vows to ‘keep all options on table’ after EU hits back against Washington with retaliatory measuresFinancial Times - Mar. 12 -
Trump’s tariff fight may be making this early recession signal go haywire
Bonds issued by retailers with “junk” credit ratings have been hit by selling as consumer confidence falls, but the selloff isn’t widespreadMarketWatch - Mar. 12 -
Gold Price Passes $3,000, a Record High, Amid Tariff Anxiety
The price of gold hit a new milestone as investors sought havens from market turmoil.The New York Times - 6d -
How to protect yourself as fraud losses hit $12.5 billion in 2024
A new FTC report reveals a sharp rise in fraud losses, with 2.6 million consumers reporting scams in 2024. With financial fraud surging, CBS News business analyst Jill Schlesinger shares how to ...CBS News - Mar. 13 -
Who Likes Tariffs? Some U.S. Industries Are Eager for Them.
Concern about the cost of materials has tempered business enthusiasm about taxing imports. But steel and aluminum makers say they welcome the help.The New York Times - Mar. 10 -
Fear of Trump’s Tariffs Ripples Through France’s Champagne Region
Merchants worried that a trade war could wreak financial havoc in a region that has a robust business exporting the world’s finest bubbly to the United States.The New York Times - 3d -
Canada hits U.S. with $21 billion of retaliatory tariffs as global trade war heats up
The first shots of President Donald Trump’s global trade war have been fired.NBC News - Mar. 12 -
Tracking Trump’s tariffs: What he’s proposed, when they hit and what could get more expensive
European alcohol is the latest product in the president’s crosshairs.MarketWatch - Mar. 13 -
China courts global CEOs for Xi meeting
Planned contact comes as Beijing seeks support of international business and fends off Trump’s tariffsFinancial Times - 6d -
3/13: CBS Evening News
U.S. business owners respond to tariff war; Norway ski jumping cheating scandal growsCBS News - 5d -
Wall Street suffers ‘ugly’ sell-off amid US recession fears, as Musk’s Tesla falls 50% from all–time high – business live
Volatility soars and shares slide after Beijing imposes tariffs on imports of agricultural goods from America. Analysts at investment bank Jefferies remain optimistic about the prospects for the ...The Guardian - Mar. 10 -
An Uncertain Economic Moment Poses a Big Test for the Fed
The U.S. central bank prepares to meet under a cloud of concern about the economic hit from President Trump’s tariffs.The New York Times - 3d -
Trump finds making peace is easier said than done
Also in today’s newsletter, the Fed’s concerns that tariffs will hit the economy and Jeff Bezos’s pivot to the presidentFinancial Times - 15h -
As Federal Cuts Brush Against Private Sector, Should Your Company Make a DOGE Contingency Plan?
A really good long-term business plan may include processes to follow in disaster scenarios. It’s something to think about, as Elon Musk’s DOGE teams upends the federal government and side effects ...Inc. - Mar. 10 -
The Sims 4 Businesses And Hobbies: How To Start A Business And Make Money Fast
The latest expansion for The Sims 4 , Businesses and Hobbies, has introduced a major wrinkle to the 11-year-old game in the form of a system that allows players to design and customize their own ...GameSpot - Mar. 10 -
These are the 10 cheapest states to start a new business in the U.S.
Utah is the least expensive state to start a new business, according to a new ranking from online small business advisor SimplifyLLC.CNBC - 2d -
Tariffs could deal a blow to Chinatowns that have no choice but to import cultural goods, locals say
In Chinatowns across the country, people worry about the potential damage to business, loss of cultural traditions and the already high rates of poverty in these immigrant communities.NBC News - Mar. 9 -
A Resilient Team Culture Starts With Leadership
A truly thriving business isn’t just about hitting targets or streamlining operations. It’s also about cultivating a resilient, values-driven culture.Inc. - Mar. 9