US container imports drop in September as Trump tariffs disrupt global trade
U.S. imports of containerized goods in September fell 8.4% from the year earlier, including a 22.9% drop in goods from China, amid ongoing trade ructions from President Donald Trump’s tariff…
US economy has ‘held up’ despite Trump’s tariffs, says IMF
The US economy is withstanding the impact of record protectionism better than expected, the International Monetary Fund said as it prepares its latest assessment of President Trump’s tariffs. Kristalina Georgieva,…
Foreign companies eye US expansion to lessen fallout from tariffs
Some non-U.S. companies have said they are looking at expanding their presence or setting up shop in the United States to mitigate the impact of President Donald Trump’s tariffs on…
Trump’s tariffs have a bad reputation, but they are not failures
Overall, these tariffs help stimulate the economy. If the foreign competition has more barriers of entry, it lends itself nicely to increase domestic manufacturing which in turn creates more jobs…
Trump, Pfizer agree to lower U.S. drug prices, exempt company from pharma tariffs
President Donald Trump on Tuesday announced an agreement with Pfizer to voluntarily sell its medications for less, as his administration pushes to link U.S. drug prices to cheaper ones abroad….
Trump’s tariffs are already spurring Japanese companies to shift more production to the U.S.
Japan’s export volume to the U.S. has fallen to the weakest level since 2021 while its overall exports remain above the 2024 average, Marcel Thieliant, head of Asia-Pacific at Capital…
Trump’s Carveouts Are Growing Alongside His Tariff Wall
The 100% tariff on branded pharmaceuticals that will go into effect on Oct. 1 sounds dramatic. Especially at a time when middle-class complaints about drug prices are a salient political…
US Widens Reach of Export Blacklist to Cover Subsidiaries
The United States is widening the reach of its trade blacklist, making it harder for subsidiaries and affiliates of certain companies to access American products — a move set to…
NRF: Record Halloween spending estimated to reach $13.1 billion
Halloween is a month away, yet retailers have had their merchandise out since late August with the hopes that consumers buy early. The National Retail Federation (NRF) found 49% of…
Ford sees remarkable sales surge in key vehicle category: ‘We’re the only ones doing this’
Ford just reported its best month ever for electric vehicle sales. In August, the automaker sold 10,671 EVs across its lineup, a 19% increase over the same month last year….