Latest in Trump's Tariffs Tax
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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 - 16h -
How Tariffs Could Raise Prices for U.S. Consumers: Avocados, Gas and More
New tariffs on goods from Canada, Mexico and China took effect Tuesday. They are likely to result in higher prices for Americans.The New York Times - 12h -
Copper smelting industry reels from threat of tariffs and China rivals
Fees charged to transform ore have fallen to all-time lows as Glencore halts operations at Philippines plantFinancial Times - 12h -
U.S. imposes new tariffs and wildfires burn in South Carolina: Morning Rundown
U.S. trade war heats up as China, Canada retaliate. Fired NOAA workers warn about ability to forecast hurricanes and tornadoes. The return of the firing squad.NBC News - 5h -
Target Reports Solid Holiday Quarter But Warns of Tariff Uncertainty Ahead
The retailer ended 2024 with a good holiday season, but warned of uncertainty ahead.The New York Times - 6h -
Eye Opener: Global markets react to new U.S. tariffs
Global markets react to new U.S. tariffs on imports from Mexico, Canada and China as President Trump gets ready to speak to Congress. Also, the Trump administration temporarily suspends all ...CBS News - 4h -
China retaliates against US tariffs - but it also wants to talk
China's latest retaliatory measures against the latest US tariffs are an opening swing, not a direct punch.BBC News - 5h -
Trade tensions heat up as China and Canada retaliate against U.S. tariffs
China and Canada on Tuesday retaliated against newly imposed U.S. tariffs, announcing their own levies on U.S. goods that could further disrupt U.S. trade with its top three trading partners.NBC News - 2h -
Stock markets fall after US tariffs spark trade war fears
Stock markets in the US, Asia and the UK dip after Trump tariffs kicked in and spark retaliation.BBC News - 1h -
Justin Trudeau delivers remarks as U.S. tariffs take effect
Watch live coverage as Canadian Prime Minister Justin Trudeau delivers remarks on the U.S. tariffs and how Canada will respond to President Trump's policy.NBC News - 3h -
Trade war escalates as U.S., Canada and China impose new tariffs
President Trump's 25% tariffs on Canadian and Mexican goods took effect overnight, prompting Canada to retaliate with its own tariffs. Meanwhile, Trump doubled tariffs on Chinese imports to 20%, ...CBS News - 2h -
How new tariffs could impact prices and your wallet
As new tariffs take effect, Americans are watching for potential price increases on everyday goods. CBS News business analyst Jill Schlesinger explains how the tariffs are connected and what they ...CBS News - 2h -
‘Enormous’ hit for automotive sector from tariffs, part maker Forvia predicts
Supplier to key brands projects range of up to €450mn annually in costs from levies on Mexico and CanadaFinancial Times - 2h -
Stocks tumble for second straight day as tariffs take effect
The S&P 500 fell 1.7% Tuesday, officially erasing all the gains it had accrued since Donald Trump was declared winner of the 2024 presidential election in November.NBC News - 1h -
Target’s Sales Forecast Is Down Thanks to Tariffs and a Customer Spending Slump
CEO Brian Cornell says that tariffs on imports from Mexico, Canada, and China could increase prices “over the next couple of days.”Inc. - 44m -
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 - 1h -
Why Walmart’s warning may have more to do with weight-loss drugs than tariffs
Walmart’s stock fell Thursday as quarterly earnings were expected to decline for the first time in three years, with strength in groceries and GLP-1 drug sales continuing to pressure margins.MarketWatch - Feb. 21 -
Steve Cohen says tariffs and DOGE's cuts are negative for economy, market correction could be soon
The CEO of hedge fund Point72 turned bearish for the first time in a while due to punitive tariffs, immigration crackdown and federal spending cuts.CNBC - Feb. 21 -
Europe's luxury sector is showing signs of revival — but China weakness and tariff threats loom
The sector had an upbeat earnings season. But continued weakness in China and U.S. tariffs could leave even the most exclusive brands vying for share of pocket.CNBC - Feb. 24 -
Apple announces $500 billion investment in US amid tariff threats that could affect the iPhone
Apple announced Monday that it plans to invest more than $500 billion in the United States over the next four years, including plans to hire 20,000 people and build a new server factory in TexasABC News - Feb. 24 -
Oil prices settle at lowest level of the year as tariff threat hurts demand outlook
Oil futures settled Tuesday at their lowest level of the year, with the economy and energy demand expected to take a hit from proposed U.S. tariffs on Canada and Mexico that may come into effect ...MarketWatch - 6d -
Oil prices hold at 2025 lows on tariff fears, prospects for end to war in Ukraine
Oil futures settled lower Wednesday, with concerns over the global economic outlook and potential for an end to Russia’s war against Ukraine that could lift sanctions on Moscow prompting prices to ...MarketWatch - 5d -
Beacon Roofing sees ‘headwinds’ from tariffs and labor jitters from building contactors
“We held our guidance all year — not many industrial distribution companies did that,” CEO Julian Francis tells MarketWatch.MarketWatch - 5d -
Manufacturers boost durable-goods orders ahead of tariffs, but industry slump hasn’t ended
A key measure of business orders rose in January for the third month in a row, but it’s likely the sudden improvement reflects businesses rushing to buy parts and supplies ahead of potential U.S. ...MarketWatch - 5d -
‘I decided I was done’: Canada pizzeria boycotts US ingredients in tariff dispute
Gram’s Pizza owner and chef is boycotting US products after Trump threatened to add 25% tariff on Canadian goods. Tucked away in a former garage space in Toronto’s west end, Gram’s Pizza is usually ...The Guardian - 4d -
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 - 4d -
US tariffs on Canada and Mexico coming Tuesday but may not be 25%, commerce chief says
‘That is a fluid situation,’ Howard Lutnick says in first indication that administration may not impose full tariffs. Donald Trump ’s commerce secretary, Howard Lutnick, said on Sunday that US ...The Guardian - 1d -
Here’s what the U.S. exports to Canada and Mexico, as those countries threaten retaliatory tariffs
If the Trump administration follows through on its threat to impose new tariffs on imports from Canada and Mexico, America’s neighbors are expected to hit back with their own taxes on U.S. imports. ...MarketWatch - 1d -
CTA warns that tariffs could lower U.S. consumer purchasing power by $90B to $143B
The CTA warned today that the tariffs on foreign goods will fuel inflation and hurt U.S. consumer purchasing power by up to $143 billion.VentureBeat - 17h -
China retaliates with additional tariffs of up to 15% on some U.S. goods from March 10
China announced Tuesday it would impose additional tariffs of up to 15% on some U.S. goods from March 10 and restrict exports to 15 U.S. companies.CNBC - 12h -
How Does Warren Buffett Think Tariffs Will Affect the U.S. Economy? He Just Called Them an ‘Act of War’
President Trump says tariffs on Canada and Mexico will begin Tuesday. Here’s what Warren Buffett thinks of the idea.Inc. - 7h -
Tariffs will wipe out all profits for Detroit's Big Three if they don't raise prices, estimates Barclays
U.S. President Donald Trump’s recent levies could eradicate the profits of “Big Three” automakers General Motors, Ford and Stellantis, according to Barclays.NBC News - 1h -
Best Buy’s stock falls as CEO says tariffs ‘make price increases for American consumers highly likely’
An earnings beat and dividend hike aren’t enough to hold the stock’s early gains.MarketWatch - 2h -
The Nasdaq is on track for a correction as the tariff-induced stock-market selloff continues. Watch these levels.
The tech-heavy Nasdaq Composite was on track to close in correction territory — defined as a drop of 10% from a recent high — on Tuesday.MarketWatch - 1h -
Live Updates: Trudeau, Reacting to U.S. Tariffs, Pledges to ‘Relentlessly Fight’ to Protect Canada’s Economy
Global markets fell after stiff U.S. tariffs went into effect at midnight, and China and Canada immediately imposed retaliatory measures. Mexico said it would announce its response on Sunday.The New York Times - 6m -
Trump and the Press
The president wants journalists to parrot his views and face consequences if they don’t.The New York Times - 1d -
Walmart's worst week since 2022: Retailer's former U.S. CEO Bill Simon thinks Wall Street is getting earnings, tariff risks wrong
Walmart is coming off a tough week after delivering a slowing profit growth forecast.CNBC - Feb. 22 -
Trump and Zelensky’s war of words
The US and Ukrainian presidents get into a public row.BBC News - Feb. 19