Advisories issued for those travelling to the U.S., sparked by a series of arrests and detentions at, could take a serious toll on America’s tourism industry. Jukka Laitamaki, professor of international hospitality and tourism at New York University, told Newsweek that should these spread to other countries, the economic impact could be “anywhere between 60…
Canadian officials are making their voices heard against tariffs through digital billboards in multiple states. Billboards such as those spotted in the Metro Detroit area this week read, “Tariffs are a tax on your grocery bill.” CBS News Detroit reached out to the Government of Canada, which paid for the ad, on Wednesday. John Babcock,…
DETROIT (AP) — President Donald Trump’s 25% tariffs on autos not made in the U.S. and certain auto parts are sending more tremors through an industry already being pummeled by steel and aluminum import duties and on-again, off-again 25% levies on Canada and Mexico. The new tariffs, announced Wednesday, are likely to jack up new…
Tesla CEO Elon Musk has cautioned that newly announced car tariffs by President Donald Trump will significantly impact the electric carmaker, particularly due to its reliance on foreign-made parts. The remarks, shared on Musk’s social media platform, X, followed Trump’s announcement of sweeping 25 percent tariffs on all imported vehicles into the U.S. Newsweek contacted…
US tariffs could wipe out the chancellor’s £9.9 billion fiscal buffer, according to the independent budget forecaster. Richard Hughes, the chairman of the Office for Budget Responsibility, said that if the US chose to impose 20 per cent in tariffs on trade partners around the world and the UK retaliated it would reduce UK economic…
US President Donald Trump said Wednesday that he may offer to reduce tariffs on China to get Beijing’s approval for the sale of popular social media platform TikTok. US President Donald Trump signs an executive order in the Oval Office of the White House in Washington, DC, US, on Wednesday, March 26, 2025. (Bloomberg) “Maybe…
Stocks skidded in afternoon trading after the White House signaled that President Trump on Wednesday would announce more tariffs, with the latest salvo targeting U.S. auto imports. The S&P 500 dropped 64 points, or 1.1%, to close at 5,712, the Dow Jones Industrial Average fell 0.3% and the Nasdaq Composite nosed down 2% as investors…
Galleries with links to the United States that are taking part in Art Basel Hong Kong have said they are unconcerned by the trade war potentially affecting business, adding that they expect sales to improve from last year’s event. The city’s edition of the international art fair welcomed 240 galleries from 42 countries and regions,…
Galleries with links to the United States that are taking part in Art Basel Hong Kong have said they are unconcerned by the trade war potentially affecting business, adding that they expect sales to improve from last year’s event. The city’s edition of the international art fair welcomed 240 galleries from 42 countries and regions,…
US stock futures slipped into the red on Wednesday as investors looked to President Trump’s latest comments for more clarity on the scope of looming tariffs. S&P 500 futures (ES=F) shed 0.2%, following a third day of gains for the benchmark index. Dow Jones Industrial Average futures (YM=F) also fell roughly 0.2%, while contracts on…