The largest producer of aluminum in the US, Alcoa Corp., claims that tariffs cost it $115 million in Q2. Bloomberg reports: Alcoa Corp., the largest US aluminum producer, said tariffs on imports from Canada cost it $115 million in the second quarter, showing how US President Donald Trump’s trade agenda has affected the industry. The…
The largest producer of aluminum in the US, Alcoa Corp., claims that tariffs cost it $115 million in Q2. Bloomberg reports: Alcoa Corp., the largest US aluminum producer, said tariffs on imports from Canada cost it $115 million in the second quarter, showing how US President Donald Trump’s trade agenda has affected the industry. The…
US stocks retreated Friday after President Trump threatened Canada with a 35% tariff on its imports to the US and floated higher blanket levies on most trading partners. The S&P 500 (^GSPC) fell 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) dipped 0.2%, both dipping from Thursday’s record highs. The Dow Jones Industrial Average (^DJI) declined…
By Rocky Swift TOKYO (Reuters) -The dollar rose for a third day against the yen on Wednesday as U.S. President Donald Trump pledged more trade-related proclamations after announcing 25% tariffs on Japan and other trade partners. The greenback advanced against major peers on Tuesday after Trump began telling trade counterparts that sharply higher U.S. tariffs…
US stock futures wavered as President Trump ratcheted up trade tensions with US trade partners. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) held steady. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) ticked up 0.1%. Stocks teetered lower on Tuesday as Trump spoke during a wide-ranging cabinet…
The Trump administration began sending letters on Monday to U.S. trade partners that higher import tariffs could kick in by Aug. 1. President Donald Trump’s 90-day pause on the April 2 “reciprocal” tariffs was set to end Wednesday. Trump signed an executive order Monday delaying Wednesday’s tariff deadline by a little over three weeks. Trump…
Major US trading partners scrambled over the weekend to finalize trade deals or lobby for extra time as President Donald Trump said he’s notifying about a dozen countries on Monday of the new tariff level on their shipments to the US. “I signed some letters and they’ll go out on Monday – probably 12,” Trump…
(Bloomberg) — US stock futures retreated Friday as American trade partners pushed for concessions ahead of a July 9 deadline to finalize trade deals with the Trump administration. Meanwhile OPEC+ delegates meeting tomorrow will consider an increase of more than 411,000 barrels a day in August. Most Read from Bloomberg Contracts for the US benchmark…
“Liberation Day” turned out to be alarming. President Trump floored investors by announcing the largest tax hike on Americans since at least the 1940s. April 2, which Trump called “Liberation Day,” was Trump’s deadline for unveiling a sweeping set of taxes on imports that almost nobody in the investing universe saw coming. For the first…
Trump has a habit of firing off tariff comments in Wall Street’s off hours, catching traders off their guard. The latest example: The president suggested on Sunday that all US trading partners will be covered in the like-for-like tariffs expected to be laid out in the April 2 “Liberation Day” announcement. “You’d start with all…