Tag: Tariffs and trade
Wayfair CFO says sellers on the company’s $12 billion marketplace are trying to ‘insulate’ customers from tariffs
The home goods category has seen its share of twists and turns over the past five years: a pandemic-era boom and then a slump...
Canada, Mexico heads of state to meet in September as they both grapple with Trump tariffs, free trade deal terms
Canadian Prime Minister Mark Carney will visit Mexico in September to meet with Mexican President Claudia Sheinbaum, a senior official familiar with the matter said...
Wall Street is banking that Powell will signal a rate cut at Jackson Hole—but the closer it gets, the less likely it looks
Markets were hoping for a further signal of their estimations this week, at the Jackson Hole Symposium held by the Federal Reserve Bank of...
Trump trade adviser Navarro slams India for buying Russian oil
The dramatic increase in India’s purchases of Russian oil since the invasion of Ukraine is “opportunistic and deeply corrosive” of a global effort to...
We still aren’t sure what’s going on with tariffs and inflation — or what will happen next
Months after President Donald Trump launched his trade war, economic data continue to give mixed signals on how much tariffs are affecting prices in...
Gen Z was growing obsessed with luxury watches. New tariffs on Switzerland could cool the expensive hobby
Gen Z’s fascination with luxury watches has been one of the more surprising consumer trends of the last few years. But a steep tariff...
Trump says tariffs are going to be enough to pay down national debt. It likely won’t even touch the sides
President Trump has a two-pronged plan for the proceeds of his tariff regime. Firstly, he says, it’s going to pay down America’s $37 trillion...
Trump’s reciprocal tariffs could be struck down as soon as this month — and the administration is warning of economic apocalypse
The Trump administration sees complete disaster for the U.S. economy if its reciprocal tariffs are struck down, revealing its level of concern as a...
Airfares are surging again after a months-long slump as carriers trim flights to ease a capacity glut
The latest consumer price index report showed airfares jumped 4% in July from the prior month, reversing a slump that began early this year....
Trump is deporting so many immigrants that it could cause inflation to hit 4% next year, top economist says
Donald Trump’s new immigration policies—including deporting, the White House claims, about 750 immigrants a day on average—are helping drive up prices, Moody’s chief economist...