Apple CEO Tim Cook says iPhone price hikes are not tied to tariffs
Apple CEO Tim Cook said price hikes on the newest iPhone models aren’t tied to President Donald Trump’s sweeping tariff plans. “There’s no increase for tariffs in the prices to…
ETHAN ALLEN CEO EXPLAINS HOW COMPANY WILL MANAGE TARIFFS
For the second time in less than two months, the CEO of a publicly traded company admitted that tariff cost burdens will not be passed down fully, if at all,…
‘America First’ achieves trade and political victory over China in Mexico
Mexico has announced 50 percent trade tariffs against China. This measure is neither cosmetic nor merely commercial. Rather, it marks an unprecedented shift and grants a commercial and political victory…
India’s exports to US tumble as Trump’s tariff hike bites
India’s exports to the US are falling as high tariffs imposed by the Trump administration have started eroding the price competitiveness of domestic goods in Washington, think tank GTRI said…
Japan’s Exports to US Tumble as Trump Tariffs Hit
Japan’s exports fell in August for the fourth consecutive month as higher US tariffs continued to hit commerce, especially from carmakers, even after a July trade deal. Overall, cross-border shipments…
US manufacturing output unexpectedly rises on rebound in motor vehicle production
U.S. factory production unexpectedly increased in August amid a rebound in the output of motor vehicles and some nondurable goods, though tariffs continued to cast a shadow over the manufacturing…
Lutnick warns India: Buy American corn or risk market access
New Delhi argues it has the right to shield its own agricultural sector—which employs some 500 million people—from competition with heavily subsidized foreign agriculture. “They sell to us, they take…
Free trade is (likely) dead
In the long run, while U.S. protectionism will likely retreat from current levels, free trade probably isn’t coming back, says National Bank Financial Inc. (NBF) — highlighting the need for…
Mexico to place 50% tariff on Chinese cars after US lobbying
Mexico plans to place a 50% tariff on cars from China and other Asian countries, taking a leaf out of US President Trump’s trade playbook. The measure was proposed to…
Bill Clinton in late 1990s predicted China would eventually replace US as ‘biggest economy,’ new book reveals
When asked about his expectations for China in the late 1990s as it prepared to join the global trading system, Clinton said, “I thought what I said. I thought they…