Louisville, Kentucky — GE Appliances plans to shift production of refrigerators, gas ranges and water heaters out of China and Mexico as part of a more than $3 billion investment to expand its U.S. operations in Kentucky, Georgia, Alabama, Tennessee and South Carolina. The investment — the second-largest in the Louisville-based company’s history — is expected…
South Africa will offer a “generous” new trade deal to the United States on Tuesday to avoid 30-percent tariffs, government ministers said. US President Donald Trump meets with South African President Cyril Ramaphosa in the Oval Office of the White House in Washington, DC, on May 21, 2025.(AFP) Washington on Friday slapped the huge tariff…
Trump delays China tariff deadline for another 90 days – CBS News Watch CBS News President Trump signed an executive order on Monday to delay steep tariffs against China for another 90 days, extending the trade truce between the two countries to continue negotiations. CBS News’ Ramy Inocencio has more details. Source link
The Consumer Price Index in July rose 2.7% on an annual basis, slightly cooler than economists had forecast. By the numbers The CPI was expected to rise 2.8% last month, according to economists polled by financial data firm FactSet. On a month-over-month basis, the CPI rose 0.2%, in line with economists’ forecasts. The CPI, a…
The United States and China have agreed to push back today’s self-imposed deadline for reaching a trade deal. (CNN) – The United States and China have agreed to push back today’s self-imposed deadline for reaching a trade deal, allowing current tariff rates to remain in place for another 90 days as negotiations continue. President Donald…
Reporter’s Notebook: Who actually pays tariffs? – CBS News Watch CBS News John Dickerson goes inside the numbers on who actually pays when tariffs are levied against imports. Source link
Don’t Mock India, Back Them Against US: Sri Lankan MP Harsha de Silva Warns Govt | Trump Tariffs In a fiery address to Sri Lanka’s Parliament, MP Harsha de Silva slammed his government for mocking India’s stand against US tariff hikes, urging Colombo to support New Delhi instead. De Silva reminded lawmakers that India had…
President Trump on Monday signed an executive order implementing another 90-day pause on additional tariffs on China that were set to take effect on Tuesday, reports said. The move again pushes off a deadline for imposing the harshest taxes on Chinese imports as the two sides continue negotiations on a deal. Reports from CNBC, The…
S President Donald Trump is considering imposing tariffs on China over its purchases of Russian oil, in a move similar to the one recently taken against India, according to Vice President JD Vance. Speaking to Fox News, Vance said no final decision has been made but confirmed that the idea is under discussion. Earlier this…
President Donald Trump issued a warning to courts that might stand in the way of his tariffs policy. Trump said Friday that it would be “impossible to ever recover, or pay back” the “money and honor” brought in by tariffs, if a “Radical Left Court ruled against us at this late date,” warning that it…