What a 55 Percent Tariff on Chinese Goods Could Mean for Footwear Firms
Nike Inc. doesn’t report fourth-quarter results until June 26, but it has already raised some retail prices at its U.S. stores, averaging between $2 and $10. But not all products…
Here’s how the 55% U.S. tariffs on China are broken down
A White House official told MarketWatch that there are no new tariffs at the moment, and that the number includes 20% tariffs on fentanyl, a 10% “reciprocal” tariff and then…
PETER NAVARRO: Trump’s 50% steel tariff is a necessary shield for American industry
When President Trump first imposed Section 232 tariffs in 2018, they immediately spurred a resurgence in domestic steel investment. American steelmakers poured more than $20 billion into expanding and modernizing…
Overregulation And Foreign Competition Dominate House Hearing On U.S. Seafood; Tariffs Mentioned But Not Embraced As Solution
The U.S. imported $1.67 billion worth of fish and shellfish so far this year – down only slightly from the $1.73 billion imported in the first four months of 2024…
Store brands become retail’s secret weapon against tariffs
“Private label is growing faster than mainstream retail and part of the reason is that consumers can save money by switching,” GlobalData managing director Neil Saunders told Axios. “This has…
CBO says Trump’s tariffs could cut U.S. deficit by $2.8 trillion over 10 years
A forecast from the nonpartisan Congressional Budget Office this week says Trump’s tariffs could shave $2.8 trillion off the federal debt over the next decade, if they remain in place….
US trade deficit narrowed significantly amid Trump’s tariff escalation
The U.S. trade deficit narrowed significantly in April as President Donald Trump sharply escalated tariffs before pausing a large swath of the levies, U.S. Commerce Department data on Thursday showed….
Tariffs prompt record plunge in US imports, cutting trade deficit
Goods brought into the US plunged by 20% in April, recording their largest ever monthly drop in the face of a wave of tariffs unleashed by US President Donald Trump….
After Trump’s Tariffs Crash Exports, Canada Posts a Record Trade Deficit
Driven in part by a steep drop in auto shipments to the United States after President Trump imposed steep tariffs, Canada posted a record trade deficit of 7.1 billion Canadian…
Why has a US court blocked Donald Trump’s tariffs – and can he get round it?
There are various legal routes for the president to pursue his cornerstone economic policy. These include section 122 of the Trade Act of 1974, section 232 of the Trade Expansion…