Canarian residents and tourists travelling to the UK are facing new restrictions that could impact long-standing traditions and local trade. As of 12th April, the British government has enforced a ban on the importation of certain meat and dairy products for personal consumption from the European Union and several neighbouring countries. The move is part…
WASHINGTON — American technology companies hoping for relief from President Trump’s trade war with China grappled with further uncertainty Monday, left to decipher whether a government policy exempting businesses that are core to the U.S. economy from crippling tariffs could be relied upon. An industry that plans product launches and manufacturing years in advance faced four days…
SELBYVILLE, DE – The People’s Republic of China is reportedly halting imports from local agricultural food production and processing company Mountaire Farms of Delaware, Inc. The announcement comes the same day China announced retaliatory tariffs on all U.S. imports beginning April 10 in response to President Donald Trump’s order of “reciprocal” tariffs against the East…
President Trump threatens 200% tariff on alcohol from EU President Donald Trump has threatened to place a 200% tariff on all alcohol from the European Union. WASHINGTON – To some people, President Donald Trump is shaking things up. To others, he is sowing an unusual amount of chaos and confusion in a world that has…
Trump looking at tariffs on semiconductors, drugs, steel US President Donald Trump said he is considering potential tariffs on semiconductors, pharmaceuticals and steel at the House Republican Conference at Trump National Doral in Miami, Florida. Bloomberg As President Donald Trump on Thursday contemplated extending a global trade war to imports from Europe, the health-care industry…
Tesla’s stock plunges by half; is Elon Musk’s EV party over? Tesla’s stock has dropped by nearly half in three months, losing most of the gains it made following the U.S. election last year, when CEO Elon Musk helped fund the victory of President Donald Trump. U.S. stocks mostly fell in early trading Tuesday, extending…
Recession fears persist amid inflation and trade wars President Donald Trump did not rule out the possibility of a recession in a recent Fox News interview, amid his administration’s continuing trade war. With the stock market tumbling, consumer confidence skidding and U.S. companies ramping up layoffs, it may look like the nation is hurtling toward…
Canadian, Mexican and American industries react as tariffs take effect North Americans in the auto, agriculture and toy industries shared their reactions to new tariffs. WASHINGTON ― President Donald Trump on Thursday said Mexico won’t be required to pay tariffs on any goods that fall under the United States-Mexico-Canada Agreement on trade, but he did…
US stock futures and Asian markets rose after Trump’s commerce secretary hinted at some tariff compromises. Trump reimposed 25% tariffs on Canada and Mexico after pausing the plan for a month. Markets closed lower for a second consecutive day as the Nasdaq and S&P 500 saw significant declines. US stock futures ticked up on Tuesday…
Kanishka Singh and Jasper Ward | Reuters How Trump’s tariffs will effect everyday prices With new tariffs on imports, several everyday goods are likely to become more expensive for American consumers. Cars and auto parts, many of which are produced through an integrated North American supply chain, will see price increases as manufacturers adjust to…