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Tag Archives: tariffs

Trump tariffs threaten to drown profits from tax cuts

President Trump Donald John TrumpPapadopoulos on the AG's new powers: "Trump is now in danger" Pelosi uses Trump to his advantage Mike Pence delivers West Point address MORE The escalating trade war with China threatens the positive economic impact of its signing tax cuts, which could jeopardize its chances of re-election. Trump has routinely pointed to the booming economy as …

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Xbox, PS5 could be more expensive due to proposed Trump tariffs

[Photo via Unsplash] Xbox or the PlayStation 5 Donald Trump's latest tariff proposal. President Trump just passed away. Read more: Lamb Of God frontman explains details about case during gig The proposal would drop to 25 percent on goods to China. However, Trump has introduced something as "video game consoles and machines." If it goes through, the tariffs would go …

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The US is considering tariffs on countries that undervalue their currencies

US. Trade Minister Wilbur Ross. Kevin Lamarque | Reuters The US Department of Commerce announced Thursday that it would propose anti-subsidy duties on products from countries that undervalue their currencies against the dollar. Another step that could impose higher tariffs on Chinese products. A new regime could also expose goods from other countries, including Japan, South Korea, India, Germany and …

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Trump is reportedly blacklisting Chinese surveillance giants Hikvision and showing that the trade war is moving from full-scale tariffs to direct attacks on businesses

AP / Saul Loeb Traders are getting ready for the Trump administration to expand its blacklist of Chinese technology champions, furthering the prospect of further escalation of the US-led trade war and China increased. According to the New York Times, the White House is considering banning the export of US components to Hikvision, which would disrupt the flow of American …

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More tariffs on China could trigger a worldwide recession

Containers will be stacked on a ship at Long Beach Harbor in Long Beach, California on July 6, 2018, including some from China Shipping, a conglomerate under the direct administration of the Chinese State Council. Frederic J. Brown | AFP | Getty Images According to Morgan Stanley, more tariffs in the US-Chinese trade war could prepare the world economy for …

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USA raises tariffs for steel and aluminum from Canada and Mexico: NPR

The US waives tariffs on Canadian and Mexican steel imports almost a year after the tariff was imposed. Here is a worker at Bri-Steel Manufacturing, which produces seamless steel tubes, in Edmonton, Alberta, Canada. Candace Elliott / Reuters Hide Caption Switch caption Candace Elliott / Reuters The US waives tariffs on Canadian and Mexican steel imports almost a year after …

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Companies plan to change supply chain in case Trump China tariffs continue

Regardless of whether President Trump is bluffing or expressing his honest opinion that he is familiar with permanent tariffs on Chinese goods, companies are increasingly deciding that they must begin to plan tariffs for a long time. "With regard to the relocation of supply chains from China, we have many member companies that are currently working hard on what that …

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Trump cuts steel tariffs on Turkey by half

President Trump Trump pardons media tycoon, former GOP Leader of California State Assembly MORE announced Thursday that he Trump doubled tariffs on steel from Turkey August, but is now cutting those rates by half, Trump said in a White House proclamation. Under the higher tariff, steel imports declined by 12 percent and have been declined from Turkey by 48 percent, …

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