I’m based in the UK, but I’ve visited the United States three times in my life. When my kids were small, I brought them to Florida for a once-in-a-lifetime trip exploring the state. On my family’s second visit to the US, we headed to Texas after a cruise, stopping by the Houston Zoo and having…
New York City’s famed Garment District is bracing for impact as President Trump’s barrage of tariffs begin to ripple through the apparel industry. For Lyn and Lisa Alessi, co-founders and co-CEOs of Alessi International, a local fabric importer representing mills in Asia and Europe, the tariffs could pose significant challenges to their business, which works with…
The Trump administration’s barrage of “Liberation Day” tariffs on countries around the world this year has rattled consumers, businesses and investors. Although President Trump on Wednesday announced a 90-day pause on most of his new tariffs, he upped import duties on Chinese goods to 125% — escalating a conflict between the world’s two largest economies. …
Donald Trump was playing chess, not checkers. Welcome to the art of the deal, folks. A master strategy! Chef’s kiss! The MAGA world’s reviews are rolling in for Trump’s massive tariff take-back, and they’re positively ecstatic. This, team Trump smugly insists, was the “strategy all along.” Except that all evidence is pointing to the contrary….
As President Trump announced a pause to his sweeping reciprocal tariffs Wednesday, his trade representative, Jamieson Greer, was in the middle of testifying at a House hearing on the administration’s trade policy. Greer appeared to learn of the president’s decision to pause the tariffs for 90 days the same time the public did, as he…
A spokesperson for China’s Commerce Ministry said Thursday that Beijing hoped the U.S. would work to de-escalate the trade war between the world’s two largest economies after President Trump announced a pause on higher tariffs he had imposed on many other countries. “China’s position is clear and consistent: the door to talks is open, but…
China said it is raising its tariffs on U.S. products to 84%, up from its previously announced 34%, after President Trump’s import duties on Chinese good went into effect today at a rate of 104%. Mr. Trump’s broad-based tariffs, which apply to imports of almost every nation, kicked in after midnight Eastern time in the U.S….
The US stock market has lost trillions of dollars in value in the days since President Donald Trump announced major tariffs on American imports. That’s been a big blow to the finances of the many Americans who own stock — and an even bigger blow to those close to retirement. As of Tuesday afternoon, the…
Apple (AAPL) stock fell nearly 5% on Tuesday, reversing earlier gains after the Trump administration confirmed the US will institute a levy of 104% on goods imported from China, effective Wednesday. Apple shares were already reeling from Trump’s initial 54% duty as Wall Street considered how the company would navigate the tariffs. And after a…
During a House subcommittee hearing on research and technology on Tuesday, analysts testified as to the implications of China’s rising tech capabilities and warned of the risks the US faces if it fails to act swiftly. Witnesses cautioned that Beijing’s ability to develop cutting-edge AI systems at a fraction of the cost of American competitors…