The fallout from President Donald Trump’s Wednesday reciprocal tariffs announcement has commenced. Confusion and uncertainty prompted by the “Liberation Day” duty hikes sent markets into a tailspin and global trade partners into a retaliatory frenzy, while paralyzing many fashion firms now grappling for a path forward. The Nasdaq Composite fell 5.39 percent, or 956.96 points…
Tariffs imposed by President Donald Trump on all countries, coupled with previously levied tariffs on countries like Mexico, will impact the alcohol industry and possibly celebrities financially immersed in the industry. Why It Matters Wall Street took a tumble on Thursday, hitting its lowest level since 2020 as more than 180 countries have been impacted…
El anuncio del presidente Donald Trump de aranceles generalizados a los socios comerciales de Estados Unidos ha ampliado la brecha entre el país y algunos de sus aliados más cercanos, y al mismo tiempo ha reconfigurado el orden económico mundial. El plan de Trump, que dio a conocer el miércoles y califica de “recíproco”, impondría…
President Trump’s announcement of sweeping tariffs on America’s trading partners has widened the rift between the United States and some of its closest allies while reconfiguring the global economic order. Mr. Trump’s plan, which he unveiled on Wednesday and is calling “reciprocal,” would impose a wave of tariffs on dozens of other countries. Among major…
WASHINGTON (AP) — After weeks of White House hype and public anxiety, President Donald Trump is set Wednesday to announce a barrage of self-described “reciprocal” tariffs on friend and foe alike. The new tariffs — coming on what Trump has called “Liberation Day” — is a bid to boost U.S. manufacturing and punish other countries…
The F-35, a fifth-generation fighter, was developed in partnership with eight countries, making it a model of international cooperation. When President Trump introduced its successor, the F-47, he praised its strengths — and said the version sold to allies would be deliberately downgraded. That made sense, Mr. Trump said last week, “because someday, maybe they’re…
President Trump has said that “tariffs are the greatest thing ever invented.” For someone who once called himself a “tariff man,” tariffs are the solutions to many economic problems. He has argued that imposing tariffs would protect American factories, spur manufacturing, create new jobs and bend uncooperative governments to his will. Since his inauguration, while…
An attorney representing a Michigan couple who are detained in Mexico disputes claims that the couple breached a contract agreement with a timeshare company and committed credit card fraud. Palace Resorts, a Florida-based company that owns multiple resorts and properties in Mexico, shared documents with CBS News Detroit detailing the reasons behind its decision to…
Automakers can respond to President Trump’s new 25 percent tariffs on imported cars and parts in several ways. But all of them cost money and will lead to higher car prices, analysts say. Manufacturers can try to move production from countries like Mexico to the United States. They can try to increase the number of…
Vehicles awaiting shipment are parked at a port on March 27, 2025 in Yokohama, Japan. U.S. Tomohiro Ohsumi | Getty Images Asian auto stocks fell for a second straight day as investors fretted over U.S. President Donald Trump’s tariffs on cars and certain automobile parts not made in the country. Japanese automakers Toyota and Honda…