Hong Kong suspends package postal service to the US after Trump’s tariff hikes
Hong Kong’s postal service will stop handling packages coming from or going to the United States, in the latest retaliatory move amid an escalating trade war between Washington and Beijing….
Agawam steel manufacturer benefitting from new tariffs
Because the tariffs avoid anything made nationally versus internationally, Gagnon has avoided price increases for his products and is fighting off the international competition. Additionally, even though half of his…
Trump’s tariffs leave China’s neighbours with an impossible choice
Trump tariffs in 2016 sent a glut of cheap Chinese imports, originally intended for the US, into South East Asia, hurting many local manufacturers. But they also opened new doors…
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…
What Members Of The House Ways And Means Committee Are Saying About Tariffs
Ironically, Democrats now find themselves defending the interests of Wall Street and global corporations, which are the primary drivers of U.S. imports. According to Census data, large corporations account for…