US Will Impose 21% Tariff on Mexican Tomatoes Starting in July
The US will begin imposing tariffs of more than 20% on most imports of tomatoes from Mexico, citing “unfairly priced” shipments from the country. A current trade agreement with Mexico…
Hyundai CEO Sees Gradual Rise in Car Prices Easing Tariff Shock
Hyundai Motor Co.’s top executive expects car prices to remain relatively steady over the coming months despite added costs from the escalating global trade war, as automakers try to maintain…
Canada Scraps Tariffs for Automakers That Keep Plants Going
Canadian Prime Minister Mark Carney said his government will allow automakers to import US-manufactured cars and trucks without tariffs, as long as the companies keep making vehicles in Canada. The…
Trump Floats Exceptions for Auto Parts Facing 25% US Tariffs
Ford, GM, and Stellantis have conceded they’re willing to pay tariffs on completed cars and large components like engines and transmissions, according to people familiar with the matter. Detroit’s Big…
Tariffs to Impact Millions of Chinese Workers in Blow to Economy
Trump’s 145% tariffs on China’s goods are threatening to obliterate its access to the world’s biggest economy, with Goldman Sachs Group Inc. estimating that up to 20 million people —…
Price hike on Shein? How Trump tariffs could shift the US’s love of fast fashion
After a chaotic week of flip-flopping tariff policies, cheap clothes from China are nearly certain to face a steep price hike soon – prompting concern among fast fashion retailers and…
Trump’s China tariff shocks US importers. One CEO calls it ‘end of days’
Rick Woldenberg thought he had come up with a sure-fire plan to protect his Chicago-area educational toy company from President Donald Trump’s massive new taxes on Chinese imports. “When he…
Japan and South Korea will continue to buy American wheat, but may change suppliers of soybeans and corn
While other Asian grain importers do not expect retaliation for the U.S. tariffs, limited vessel availability and trade war uncertainty are weighing on purchases, traders said. Traditional U.S. wheat buyers…
USTR Jamieson Greer Tells Senate: Trump Tariffs Will Stay as U.S. Shifts to Producer Economy
Last year, the U.S. recorded a $1.2 trillion deficit, its largest ever, despite historic tariffs on China. That’s because importers sourced from Mexico and Southeast Asia. Vietnam has become an…
‘Shark Tank’ Star Kevin O’Leary Says Current Tariffs on China Are Not Enough, Calls for 400%: ‘They Don’t Play by the Rules’
“I’m advocating 400%,” he said. “I do business in China. They don’t play by the rules. They’ve been in the WTO for decades. They have never abided by any of…