The Persistence of Populism: Why American Protectionism toward China is Here to Stay
Under President Biden, the trade war with China not only persisted but intensified. Key figures within his administration, such as US Trade Representative Katherine Tai, framed US-China relations in terms…
Walmart Raises Outlook on Strong Spending From Value-Seekers
Walmart boosted its outlook for the year on a solid start to the holiday season and strong demand from US consumers searching for value. Walmart shoppers spent more in each…
Walmart CFO says some prices might rise if Trump’s tariffs take effect
“We never want to raise prices,” John David Rainey, the company’s CFO said in an interview with CNBC on Tuesday. “Our model is everyday low prices. But there probably will…
US Raises Import Tariff for Nippon Steel After Review
The US Commerce Department has ratcheted up tariffs on Nippon Steel Corp. just as the Japanese steelmaker made an anti-import promise to gain support for its $14.1 billion takeover of…
This chart shows the tariff threat might be less than feared
“The Mercedes-Benz will start building in the United States, and they have a little bit. But you know what they really are? Assembly, like in South Carolina,” he said. “They…
How the Maker of Nerf Guns Will Navigate Trump’s Tariffs on China
Across industries, U.S. companies have been diversifying their supply chains away from China in recent years, prodded in part by tariffs implemented during Trump’s first term. The Biden administration left…
How I learned to stop worrying and love the tariff
In “A User’s Guide to Restructuring the Global Trading System,” Stephan Miran makes a compelling case that — contrary to popular belief — tariffs can achieve a multitude of aims…
Trump Tariffs on UK Would Be ‘Manageable,’ Economists Say
Even if Trump pushed ahead with proposals to impose a 60% tariff on goods from China, and trading partners around the world retaliated in kind, the disruption would likely only…
Steve Madden just drastically changed its business to avoid Trump’s tariffs
Steve Madden, a $3 billion shoe company, announced Thursday that it would rapidly halve its Chinese production to avoid Trump’s tariffs. Those plans have been in place for a long…
US farmers back Trump but face pain from China tariff threats
Trump’s first administration kept farmers onside with generous subsidies to offset lost U.S. sales to China from the trade war. Soybean farmers received $5.4 billion more in aid than they…