President Donald Trump‘s latest move could send shock waves through the fast-fashion industry, and threatens to upend the business models of companies like Shein and Temu while increasing the price of foreign-made goods for U.S. consumers. On Wednesday, the president signed an executive order ending the de minimis tariff exemption for shipments valued at under…
President Trump announced Wednesday that the U.S. would impose tariffs of 25% on imports from India — in addition to an unspecified “penalty” — for what he said were its high tariffs and trade barriers, and for its large purchases of military equipment and energy from Russia. Mr. Trump posted about the tariffs on India…
US President Donald Trump said on Wednesday that talks with China on a tariff deal were “moving along well” and that the countries would reach a “fair” deal on trade, without offering additional details of the agreement. “We’re moving along with China. We’re doing fine with China,” Trump told reporters before leaving a bill-signing ceremony…
President Donald Trump is moving steadily and pointedly to making a shutdown of Vladimir Putin’s war machine a core goal of his tariff initiatives — with his tough talk on India just the latest sign. Trump hasn’t yet called for passage of the Senate “secondary sanctions” bill that aims to slam the trading partners that help…
With less than two days to go until the White House’s Friday tariff deadline, the trade policy landscape remains mixed. President Donald Trump said that he will not extend Friday’s deadline for his “reciprocal” tariffs on dozens of countries that do business with the U.S., including top trading partners Mexico, Canada and China. “THE AUGUST…
Investors await key economic data Investors await new key economic data, interest rate decision 03:36 The U.S. economy surged between April and June after shrinking in the first three months of the year, driven by a large shift in imports tied to President Trump’s trade policies. By the numbers The country’s GDP increased at an…
ADVERTISEMENT German politicians across party lines denounced European Commission President Ursula von der Leyen on Tuesday, calling for her resignation after she agreed to asymmetric trade terms that impose 15% US tariffs on EU exports while granting Americans duty-free access to European markets. The deal, struck under pressure from German Chancellor Friedrich Merz both in…
By David Gaffen and Marleen Kaesebier (Reuters) -U.S. President Donald Trump is getting his tariffs. Companies are making it clear how they intend to deal with it – passing them on to American consumers. Throughout the spring, big retailers and consumer product makers warned that levies on imported goods would squeeze their operations, forcing them…
The Trump administration’s trade policy faces a critical test this week as a federal court weighs the legality of its sweeping tariffs. The U.S. Court of Appeals for the Federal Circuit in Washington, D.C., is scheduled to hear oral arguments on Thursday in V.O.S. Selections v. Trump, a case brought by five small business owners…
WASHINGTON (Gray DC) – A massive trade deal reached between the U.S. and the European Union. It comes just three days before the U.S.-imposed deadline. It consists of a 15% tariff on most imported goods from the 27 European Union countries, like cars, wine, pharmaceuticals, and industrial machinery. The announcement came during a meeting with…