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 — or about 3% of the labor force — may be exposed to US-bound exports. A full economic divorce would roil a workforce already drained by … Read More

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 potentially pushing consumers to look for other alternatives. As part of a package of global tariff policies announced on “liberation day” last week, Donald Trump … Read More

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 85% of all manufacturing imports. According to the Bureau of Economic Analysis, the U.S. exported $175.97 billion in agricultural commodities last year and imported $214.14 … Read More

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 announced a 20% tariff, I made a plan to survive 40%, and I thought I was being very clever,” said Woldenberg, CEO of Learning Resources, … Read More

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 such as Japan and South Korea are expected to continue buying U.S. cargoes, but they may buy corn and soybeans from alternative suppliers in South … Read More

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 outpost for Chinese multinationals and contract manufacturers who could manufacture there and ship to the U.S. at WTO-member tariff rates of 3.4%, the lowest of … Read More

“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 the rules they agreed to when they came in, for decades. They cheat, they steal, they steal IP, I can’t litigate in their courts. They … Read More

We’ve been pretty committed to having it all from the United States. So from the cotton in the ground, through the yarn and the knitting and the dyeing and finishing and sewing, all the way through, it was sort of a principled stand of ours, in part just ’cause we wanted to prove that we … Read More

The European plan strikes at the heart of the American imagination. The list includes prominent names such as Harley-Davidson, with duties applied to motorcycles with a displacement greater than 500 cc, Levi’s jeans, cotton t-shirts, luxury yachts, and even consumer goods such as peanut butter, Orange juice, sweet corn, and chewing tobacco. This first phase, … Read More

Trump has signed an executive order that triples the previously announced tariff rates on low-value packages exported to the U.S. from China via the international postal system. Trump set the initial tariff rate on packages worth less than $800 at 30% of the shipment’s value or $25, effective on May 2. The new rate will … Read More