U.S. stock markets are holding onto their gains. Why are investors so confident that inflation risk will go away and the Fed will deliver more cheap money later this year? Because of the TACO trade. They seem to be betting that Trump’s tariff levels will go lower and that, in turn, the U.S. Federal Reserve…
Maersk estimates that U.S. businesses are currently paying an average 21 percent tariff relative to container load on all imports, marking a reprieve from the 54 percent average in mid-April after President Donald Trump escalated tariffs on Chinese goods to 145 percent. According to Maersk’s container-weighted effective average tariff rate metric, the current import taxes…
As the July 9 deadline for the end of the China-U.S. tariff pause speeds closer, the outlook for the trans-Pacific ocean trade is less than clear. Although tariffs and other details are not known, President Donald Trump said that the U.S. has signed an agreement with China that will see a resumption of the latter’s…
Small businesses facing higher import costs because of steeper U.S. tariffs are having to find different ways of handling the added expense. Facing hefty tariffs on parts shipped from China, one small business owner took the hit by redeeming over 1.8 million reward points on his American Express card. Robert Keeley, owner of Keeley Electronics,…
Getting out of China was probably the right move for firms against the specter of a 145 percent tariff rate, but the added costs will mean lower full-year profits. Most shoe firms pulled their guidance for the year when they posted first quarter earnings results. That was primarily due to uncertainty over tariffs and some…
Prices on Chinese-made goods selling on Amazon have reportedly been increasing faster than overall inflation. That’s according to a report Monday (June 30) by Reuters, citing an analysis of 1,400 different products by analytics firm DataWeave. The analysis found that price increases for those goods sped up starting in May, a sign that U.S. tariffs are starting to filter through to consumers….
U.S. stock futures were down marginally by 0.2% this morning following another all-time high by the S&P 500 index yesterday. Macro data is starting to look weaker. Consumer spending was down in May and the job market is getting worse for employees. That suggests the Fed may cut rates in September, analysts say, which would…
South Korea is looking for an extension to the July 9 tariff deadline as talks continue. The US has raised concerns over non-tariff barriers and broader defence. South Korea is not the only country looking to reach a deal with the US before the tariff deadline on July 9. “It seems some countries will reach…
A recent analysis conducted on 1,400 products has shown that China-made goods sold in the United States are seeing a hike that’s faster than the country’s overall inflation. According to a report by Reuters, citing an exclusive analysis by DataWeave, the rise in the prices of Chinese products shows a sign that tariffs are starting…
Fireworks, a hallmark of July 4th celebrations, are feeling the impact of President Trump’s trade war with China. More than 95% of the fireworks sold in the U.S. come from China, according to data from the U.S. Census Bureau. And while sales of pyrotechnics have grown in past years as more states and counties loosen…