Tag: Tariffs and trade
Despite snubbing U.S. tourism and boycotting American goods, Canadians have poured more into U.S. stocks than they have in over 35 years
Canada’s ire toward the U.S. in the wake of soured trade relations has rocked summer tourism and spurred consumer boycotts, but that wrath has...
In China, EVs are now cheaper than gas cars. In the U.S., the Big Three still haven’t closed a premium that’s $14,000 per vehicle
China has now crossed a massive benchmark in the electric-car race: battery-powered vehicles are now cheaper than their gas counterparts. In the U.S., by...
Japan suspends some parcel deliveries to U.S. due to Trump tariffs
Japan Post Co. will suspend shipping of some small packages to the United States due to fresh tariffs imposed by the US government, in...
Trump says U.S. has much bigger leverage over China on magnets
President Donald Trump said the U.S. has more leverage over China on trade than the other way around, citing airplane parts as a key...
Trump’s tariffs are becoming such an important revenue source that they’re now propping up America’s debt rating
Ratings agency S&P Global had some good news and bad news on the U.S. deficit outlook. The good news is that it won’t get...
Trump is bringing in enough revenue from tariffs to cut deficits by $4 trillion over the next decade, CBO says
President Donald Trump’s hike in tariffs is projected to generate enough revenue to cut federal deficits by $4 trillion over the next decade, according to the...
Keurig Dr Pepper, parent of Peet’s Coffee in $18 billion merger that essentially unwinds the marriage of hot and cold beverages from 2018
Keurig Dr Pepper will buy the owner of Peet’s Coffee in an $18 billion (15.7 billion euro) deal, then break itself in two, with...
A third of the U.S. economy is already in a recession or at high risk, and another third is stagnating, Zandi warns
After saying that the U.S. is on the precipice of a recession earlier this month, Moody’s Analytics chief economist Mark Zandi continued to add...
GOP lawmakers push for tariffs tailored to help home-state firms
Congressional Republicans are embracing Donald Trump’s tariff campaign as a way to advance home-state causes, lobbying the president to impose more import duties to...
A duty-free exemption is about to expire amid Trump’s trade war. So postal services across Europe will halt shipments to the U.S.
The end of an exemption on tariff duties for low-value packages coming into the United States is causing multiple international postal services to pause shipping as...