This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Trump on Monday threatened China with extra tariffs of 50%. Trump last week hit China with a 34% tariff rate, in addition to 20% tariffs imposed earlier. China retaliated by imposing a 34% rate…
Apple (AAPL) shares fell over 7% before the bell, still leading the sell-off in tech stocks that followed Trump’s bigger-than-expected tariffs. Apple’s overseas production hubs are particularly vulnerable, given the iPhone maker’s presence in China, Vietnam, and India. These countries will face tariffs of 34%, 46%, and 26%, respectively, once additional levies are taken into…
New Delhi: A week after a deadly earthquake struck Myanmar, “Liberation Day” tariffs imposed by US President Donald Trump have cast a shadow on the country’s economic future as it mitigates vast infrastructural damage. The country, where the toll after a 7.7-magnitude quake climbed past 3,000, has been slapped with 44 per cent tariffs. The…
Washington: US President Donald Trump on Wednesday imposed sweeping tariffs that target key economic partners, escalating global trade tensions. China faces a 34 per cent tariff, the European Union 20 per cent, and India a 26 per cent “discounted reciprocal tariff.” The affected sectors span automobiles, dairy, steel and electronics. Trump’s trade battles are not…
“Liberation Day” turned out to be alarming. President Trump floored investors by announcing the largest tax hike on Americans since at least the 1940s. April 2, which Trump called “Liberation Day,” was Trump’s deadline for unveiling a sweeping set of taxes on imports that almost nobody in the investing universe saw coming. For the first…
The team at the Cato Institute weighing in on president Trump’s new tariffs — calling them a “tax”: “With today’s announcement, US tariffs will approach levels not seen since the Smoot-Hawley Tariff Act of 1930, which incited a global trade war and deepened the Great Depression. Applied at breakneck speed without congressional authorization and employing…
President Trump preparing to announce new tariffs on ‘Liberation Day’ Updated: 6:48 PM EDT Apr 1, 2025 White House Correspondent Businesses and U.S. trading partners are keeping a close eye on the White House, as Wednesday President Donald Trump is set to unveil a new round of sweeping tariffs.See the story in the video above”April…
Data out Tuesday showed activity in the manufacturing sector slipped into contraction and costs continued to surge as suppliers weighed the impact of President Trump’s tariff policy. The Institute for Supply Management’s manufacturing PMI registered a reading of 49.0 in March, down from February’s 50.3 reading and below the 49.5 economists polled by Bloomberg had…
WASHINGTON (TNND) — President Trump is set to announce his long-promised sweeping tariffs this week, leaving businesses both domestically and internationally on edge about the potential economic impact. The President has dubbed the anticipated announcement “Liberation Day,” with the unveiling expected on April 2. Investors at home and abroad have been anxious, as Trump has…
• Trump tariff “Liberation Day” and the latest jobs report loom in the week ahead. • ExxonMobil appears well-positioned to capitalize on the changing dynamics of energy trade. • General Motors is expected to face challenges due to the new tariffs set to be unveiled, potentially making it a stock to sell. • Looking for…