Tag: Tariffs and trade
Rising beef prices might force Philly shop to list cheesesteaks at market price
Ken Silver knows beef because he knows Philly cheesesteak. He hopes that a summer spike in how much he pays for his restaurant’s main...
Australia will lower U.S. ‘Mad Cow’ beef import restrictions that Trump called a ‘ban’
Australia announced it will reduce restrictions on U.S. beef imports in a move U.S. President Donald Trump’s administration claimed as a major victory over “non-scientific trade...
Trump calls the Japan trade deal on autos a major win. Detroit says it’s ‘definitely at a disadvantage’
U.S. automakers are concerned about President Donald Trump’s agreement to tariff Japanese vehicles at 15%, saying they will face steeper import taxes on steel, aluminum and...
Japanese equities rally on ‘massive’ U.S. trade deal, with markets buoyed by hopes of more 11th hour announcements
President Trump has confirmed the U.S. has agreed to a trade deal with Japan, describing it as the “largest in history” and sending markets...
Trump announces Japan trade deal that drops threatened tariffs from 25% to 15%
President Donald Trump announced a trade framework with Japan on Tuesday, placing a 15% tax on goods imported from that nation.
“This Deal will create...
GM’s $1.1 billion tariff hit bolsters mounting evidence that Americans are the ones footing the bill for Trump’s import taxes
General Motors is the latest U.S. auto giant to say tariffs have taken a chunk from their earnings. The company beat earnings expectations on...
AstraZeneca begins European exit — will invest $50 billion in the U.S. amid tariff threats
British pharmaceutical giant AstraZeneca said Tuesday it would invest $50 billion in the United States amid a looming deadline of ramped-up tariffs from Washington.
A...
Porsche CEO seeks fresh cost cuts, warning business model ‘no longer works’ in post-Trump, new China world
Once the envy of the entire German auto industry, Porsche is drifting deeper and deeper into its biggest crisis in decades.
In a letter to...
Trump tariffs help push Jeep owner Stellantis into massive $2.7 billion loss
Jeep owner Stellantis said on Monday it suffered a massive loss in the first half of the year, when it felt the first impact...
There’s a ‘scary’ recession warning hidden in the too-good-to-be-true economic data, Wells Fargo warns
Recent economic data have eased fears that President Donald Trump’s tariffs aren’t yet causing a downturn or spike in inflation, but Wells Fargo is...