President-elect Donald Trump said on social media Monday he would slap import tariffs on products from China but also Mexico and Canada, sending shockwaves across the Canadian economy. Crude oil is the top Canadian export to the United States and any tariffs would interfere with flows and revenues. In posts on his platform Truth Social,…
President-elect Donald Trump has criticized the CHIPS and Science Act, describing it as providing billions of dollars to wealthy companies. He argued that a better strategy would be to impose a series of tariff to force companies to produce chips domestically. In addition, he proposed imposing a 60 percent tariff on Chinese products specifically and…
One of America’s largest toy makers says it is negotiating with suppliers and considering design changes ahead of potential new levies. “We’ve been preparing for many months for any contingency,” Chris Cocks, Hasbro’s chief executive, said in an interview. The threat of new taxes on toy imports comes amid a long-term shift in the industry…
Following Donald Trump’s victory in the U.S. presidential elections, a report from CareEdge suggests that India could benefit from potential shifts in global trade dynamics if Trump moves forward with plans to impose high tariffs on Chinese imports. By reshaping the global supply chain away from China, these policies could create new opportunities for India….