Head to the grocery store in the US and the shelves are stocked with jars of St Dalfour strawberry spread and Bonne Maman raspberry preserves – some of the more than $200 million (£154m) in jams that Europe sends to the US each year. But try looking for American-made jelly in Europe, and you’re likely … Read More
Giorgia Meloni, Italy’s prime minister, dismissed the idea that protectionism in the United States was an invention of former President Donald Trump, in an interview with the Financial Times. Addressing Trump’s tariffs and Europe’s future amid tariff challenges from the US, Meloni said that the U.S. has long pursued protectionist policies, with or without Trump. … Read More
Hundreds of Canadian workers, many in the steel and aluminum sectors, have been laid off as a result of U.S. President Donald Trump’s tariffs, according to a major union and companies. Economists warned this was only the beginning as the impact of tariffs is expected to broaden the longer they are in place. Uncertainty surrounding … Read More
China is running a trade surplus that the world economy can’t “live with,” former US President Bill Clinton’s top trade official said, warning its exports would face new roadblocks without fixing the domestic causes fueling the imbalances. “China is exploiting manufacturing, suppressing domestic consumption, and expects that the world can live with a trillion dollar … Read More
The tariffs, which the White House expects to raise $100 billion in revenue annually, could be complicated as even U.S. automakers source their components from around the world. Trump has long said that tariffs against auto imports would be a defining policy of his presidency, betting that the costs created by the taxes would cause … Read More
Vietnam’s finance ministry has put forward a proposal to cut preferential import tariffs on a range of products including LNG, cars, wood, and agricultural products, as the nation seeks to avoid the imminent threat of US tariffs. Under the changes, tariffs on some types of cars are set to be cut to 32% from a … Read More
U.S. retailers Walmart and Target are bickering behind the scenes with their suppliers over proposed price hikes on everything from cake pans, tote bags and toys to other merchandise. The outcome of their talks will determine when and by how much merchandise prices rise – and even which products retailers will keep on store shelves. … Read More
Nvidia CEO Jensen Huang downplayed the negative impact from President Donald Trump’s tariffs, saying there won’t be any significant damage in the short run. “We’ve got a lot of AI to build … AI is the foundation, the operating system of every industry going forward. … We are enthusiastic about building in America,” Huang said … Read More
Derek Simms, the president of the Simms Hospitality Group in Dallas, says the number and quality of Texas brands of wine, beer and spirits has exploded over the past decade, and should the president slap tariffs on imported liquor it’ll be painful for people used to ordering their favorite brand of French wine, Champagne or … Read More
When a Republican president who purports to be a conservative is aligned on economic policy with an anti-capitalist labor boss and the leading socialist voice in Congress, there’s trouble ahead for America. But there Donald Trump is, being cheered on for his tariffs by UAW President Shawn Fain and Vermont Sen. Bernie Sanders. “Tariffs are … Read More
