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
The United Auto Workers, or UAW, representing thousands of American auto workers, has thrown itself behind U.S. President Donald Trump’s tariffs against Canada and Mexico. “We are glad to see an American president take aggressive action on ending the free trade disaster that has dropped like a bomb on the working class,” the union said recently. It’s … Read More
“We didn’t put the United States as the first priority. Now we need to put United States as the first and foremost priority,” said Lee, chairman of the trade association that represents Taiwan’s biggest manufacturing players. Taiwan companies, master craftsmen of the world’s electronics, have sprung to the vanguard of shifting manufacturing to the US. … Read More
Tariffs might seem like a complicated topic best left to economists, but they have a real impact on the lives of everyday Americans. Tariffs also play a key role in protecting American jobs. If an industry can’t compete with cheap imports, it’s not just the companies that suffer – entire communities feel the impact. Factory … Read More
Countries with trade imbalances, including Japan, Ukraine, and South Africa, are pursuing long-term deals to buy American liquefied natural gas, hoping to avoid U.S. tariffs or secure political goodwill. U.S. gas investments are surging, with major companies considering projects such as a $44 billion Alaska pipeline and an Abu Dhabi-backed expansion in production. Read the … Read More
In contrast to Canada, Mexican President Claudia Sheinbaum has been much less public with her appeals to Trump on the tariffs, and much quieter about the possible retaliation. Mexico still has yet to lay out how it will retaliate to the initial round of tariffs Trump imposed over concerns about fentanyl entering the country, or … Read More
The European Union was probably mistaken in targeting American whiskey in its riposte to U.S. tariffs, French Prime Minister Francois Bayrou said on Sunday, calling for talks to avoid more damaging duties on France’s cognac industry. U.S. President Donald Trump on Thursday threatened to impose a 200% tariff on all wines and other alcoholic products … Read More
