Latest in Tariff Tuesday
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FirstFT: Trump says UK could be spared tariffs
Also in today’s newsletter, Citi sends client $81tn in ‘near miss’ and Mexico extradites prisoners to the USFinancial Times - 4d -
When It Comes to Tariffs, Trump Can’t Have It All
The president has promised big results, from raising revenue to reviving domestic manufacturing. But many of his goals undermine one another.The New York Times - 4d -
Inflation Is Rising. What Will That Mean for Trump’s Tariffs?
Consumer sentiment has turned south as high prices weigh on households. Could that crimp big pieces of the president’s economic agenda, including tariffs?The New York Times - 4d -
Currency investors grow wary of bets on Trump tariffs
FX volatility expectations fall after traders ‘burned’ trying to react to US president’s trade threatsFinancial Times - 2d -
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 - 2d -
White House set to impose tariffs this week
The White House is expected to impose tariffs on Mexico, Canada and China this week, which some economists say could raise prices for Americans and slow economic growth. Canada and Mexico both said ...CBS News - 1d -
Mexico’s Response to Trump’s Tariffs: Troops, Cartels and China
Aiming to appease President Trump, Mexico is hitting China with tariffs, handing cartel leaders over to the United States and using C.I.A. intelligence to hunt down others.The New York Times - 1d -
Deadline looms for Trump’s Canada, Mexico tariffs
Plus: RFK Jr. touts measles vaccine amid outbreak {beacon} 12:30 REPORT It’s Monday. This is a big week in Washington with President Trump’s Tuesday evening joint address to Congress. Reminder: ...The Hill - 1d -
Nissan and Stellantis Could Be Hit Hardest by Trump’s Tariffs
A possible 25 percent levy on goods from Canada and Mexico is likely to raise the prices consumers pay for new cars and trucks, and disrupt complex supply chains.The New York Times - 1d -
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 - 23h -
Nvidia shares fall 9% on tariff fears
The company's stock price is down 13% since it reported earnings last Wednesday.CNBC - 21h -
Trump's tariffs on Canada and Mexico to take effect in hours
The U.S. will impose 25% tariffs on imports from Canada and Mexico starting Tuesday. Tariffs on goods from China will increase from 10% to 20%. Kelly O'Grady, CBS News MoneyWatch correspondent, and ...CBS News - 18h -
Trump's tariffs risk economic turbulence - and voter backlash
Trump is making a high-stakes bet that could either reap major political dividends, or seriously undercut his second term.BBC News - 16h -
Warren Buffett calls tariffs 'an act of war’
Legendary investor Warren Buffett likened tariffs to "an act of war" in a new interview as President Trump doubles down on his embrace of the economic strategy. In an interview that aired Sunday on ...The Hill - 14h -
Stocks fall as Trump’s tariffs take effect
China and Canada retaliate as fears deepen over global trade warFinancial Times - 13h -
Trump’s Tariffs on Canada, Mexico and China Snap Into Effect
President Trump imposed hefty tariffs on the United States’ largest trading partners on Tuesday, roiling global relations and sending shock waves through industries that depend on trade.The New York Times - 13h -
Trump trade war intensifies as tariffs go into place
Americans awoke Tuesday morning to an intensifying trade war, as President Trump’s newest tariffs on Canadian, Mexican and Chinese imports were imposed and those countries quickly moved to ...The Hill - 5h -
Tariffs an 'expensive game to play': Powerteam International CEO
Tariffs are going to be an "expensive game to play," Bill Walsh, CEO and founder of Powerteam International, said.The Hill - 4h -
Impact of Trump tariffs against Mexico, Canada and China
President Trump's threat of tariffs against Mexico and Canada has been realized with the U.S. imposing a 25% tariff on nearly all goods imported from those two countries. An additional 10% tariff ...CBS News - 5h -
FirstFT: Trump tariffs hit global stock markets
Also in today’s newsletter, US suspends Ukraine military aid and global government borrowing set to hit recordFinancial Times - 7h -
Target warns Trump’s tariffs could cut into profits
Big-box US retailer says it expects ‘meaningful year-over-year profit pressure’ in first quarterFinancial Times - 7h -
In Face of Trump Tariffs, Mexico Embraces Nationalism
Before the tariffs went into effect, approval ratings for President Claudia Sheinbaum rose and companies began marketing “Made in Mexico” products.The New York Times - 5h -
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 - 2h -
Trump Tariffs Rattle Border Businesses as They Hike Prices
Uncertainty and the threat of further disruption prompt big changes and plenty of worries at small companies that depend on cross-border business.Inc. - 2h -
Trudeau slams Trump's tariffs as stocks plunge
Canadian Prime Minister Justin Trudeau is calling out President Trump's tariffs levied. This comes as the stock markets show signs of panic among investors over the tariffs. CBS News' Lana Zak has ...CBS News - 54m -
Vance blasts Canada on drug trade as tariffs begin
Vice President JD Vance is calling out Canada, suggesting the U.S. ally needs to do more to prevent drugs from entering the country through its border. CBS News' Olivia Rinaldi reports on the ...CBS News - 47m -
Trump to address Congress amid tariff war backdrop
{beacon} 12:30 REPORT Happy Fat Tuesday, which also happens to be National Pancake Day (free pancakes at IHOP today!). Today's forecast in DC: ⛅ 55° (Find your weather here) In today's issue: ...The Hill - 1h -
Stocks Slump as Trump Tariffs Take Effect
The S&P 500 extended its recent losses on Tuesday, with global automakers, cruise lines, tech companies, retailers and other businesses coming under pressure.The New York Times - 24m -
Here's how tariffs will hit the U.S. housing market
Tariffs could increase builder costs anywhere from $7,500 to $10,000 per home, according to the chief economist of the National Association of Home Builders.CNBC - 26m -
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 - 3d -
Why President Trump is pursuing a 'sledgehammer' approach with tariffs and global trade deals
President Donald Trump's aggressive tariff plans covering many key economic allies and trading partners of the U.S. has support by the numbers.CNBC - Feb. 20 -
Hasbro says it's taking steps to offset China tariff effects
Toy and gaming giant Hasbro is shifting manufacturing away from China as it eyes the effects of U.S. tariffs.CNBC - Feb. 20 -
Airbus Says U.S. Tariffs Would Be ‘Lose-Lose’ for Airline Industry
The European airline maker, which is Boeing’s chief rival, said it would adapt to any new tariffs, including passing on costs to its customers.The New York Times - Feb. 20 -
Trump is using tariffs as a blunt-force tool. It won’t work | Mike Williams
The steel industry needs to modernize. Tariffs can help, but the government must go beyond trade policy. Last week, Donald Trump revived a trade war from his first term, implementing a 25% tariff ...The Guardian - Feb. 21 -
It’s Trump’s economy now — and businesses are anxious about tariffs and Washington upheaval
A burst of optimism among companies after Donald Trump won the U.S. presidential election has faded as business leaders grapple with potentially negative policies of the new White House.MarketWatch - Feb. 21 -
With tariffs ramping up, this investment option can provide protection against inflation
The threat of tariffs on imports is causing some investors to consider increasing their exposure to TIPS to help buffer their portfolios against inflation.CNBC - Feb. 21 -
Even ‘Real Housewives’ Star Erin Lichy Is Preparing for Trump’s Tariffs
The serial entrepreneur talks the growth of her mezcal brand Mezcalum and why she’s never bootstrapping a business again.Inc. - Feb. 21 -
How Trump’s Tariffs Could Reorder Asia Trade and Exclude the U.S.
Asian countries are among the most vulnerable to President Trump’s economic grievances. But they are also best placed to make deals to minimize their exposure.The New York Times - Feb. 21 -
U.S. Consumers Are Increasingly Worried About Trump’s Tariff Plans
The Consumer Sentiment Index hit its lowest reading since November 2023.Inc. - Feb. 21 -
The EU has real leverage to counter Trump’s tariff threats
The EU is not a superpower in the traditional sense, but it continues to have significant power in the area of foreign trade.The Hill - Feb. 21