Tesla and Apple are the ‘Magnificent Seven’ firms hit hardest by tariff shocks
Tesla’s stock fell 5% on Monday, the biggest drop for any member of the so-called “Magnificent Seven,” while Apple shares ...
Tag: tariffs and trade
China hits back at Trump’s tariffs with an antitrust investigation into Google and a new 15% tax on U.S. coal and gas
Among other measures, China will impose a 15% tariff on imports of U.S. coal and liquefied natural gas. Read More ...
Trump plans to speak with Xi as deadline for China tariffs looms
The Hang Seng China Enterprises Index, which tracks Chinese stocks traded in Hong Kong, rose as much as 4% on ...
The day after Trump announced his tariffs, a Canadian energy company said prices will go up for its U.S. customers
"If there is any doubt that tariffs are passed through to consumers, the cost of propane to heat my house ...
Here are the products that could see big price increases from Trump’s tariff fight
Guacamole is safe for a little while longer. Lumber? Not so much. Read More Source link
Trump admits Americans could feel ‘some pain’ from his tariffs, but it will be ‘worth the price’
"Therefore, Canada should become our Cherished 51st State. Much lower taxes, and far better military protection for the people of ...
From Canadian ice cream sprinkles to made-in-China breast pumps, US small businesses brace for higher costs under Trump tariffs
The Budget Lab at Yale University estimates Trump's tariffs would cost the average American household $1,000 to $1,200 in annual ...
Trump to hit Canada with 25% tariff on Tuesday, but oil imports will get 10% levy, report says
The US government informed Canadian officials on Saturday that a 25% tariff will go into effect on Tuesday, but oil ...
JPMorgan plans $4 billion US gold delivery amid tariff fears
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Despite Elon Musk’s close ties to Trump, Tesla’s CFO admits the president’s tariffs plan would ‘have an impact on our business and profitability
© 2024 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use ...
Everyone is freaking out about Chinese AI startup DeepSeek. Are its claims too good to be true?
Several voices inside the AI sector suggest the mysterious lab’s reported accomplishments can’t be taken at face value. Read More ...
Trump orders 25% tariff on Colombia after the South American country rejected US military flights carrying deported migrants
Trump explained that he ordered “25% tariffs on all goods coming into the United States,” which would be raised to ...
Trump won’t deliver on maximum tariff pledges, says his former commerce secretary—merely making the threat is enough
EXCLUSIVE: Wilbur Ross, who served as commerce secretary in Trump’s first cabinet, said the president will not have to follow ...
Singapore’s prime minister warns of a ‘third world war’ if U.S. and China force rest of the world to pick sides
Fortunately, Singapore Prime Minister Lawrence Wong thought a full split was unlikely: "I can’t see how a full decoupling can ...
Goldman Sachs soars on Q4 earnings, CEO sounds caution on Trump tariff and immigration plans
Goldman’s profit roughly doubled in Q4 thanks in large part to surging revenues from deal-making, underwriting, and trading. Read More ...
Trump team studies gradual tariff hikes under emergency powers
One idea involves a schedule of graduated tariffs increasing by about 2% to 5% a month. Read More Source link
Canada’s Justin Trudeau advises U.S. consumers to consider how much Trump’s tariffs could hurt them
Trudeau told MSNBC: "No American wants to pay 25% more for electricity or oil and gas coming in from Canada. ...
Canada has counter-tariffs ready if Trump launches trade war, Trudeau says
Canada buys more US-made goods than any other country, according to US Commerce Department export data. Read More Source link
FTC’s Khan urges agency to ‘stay aggressive’ after she goes
A progressive icon, Khan became the youngest person ever to chair the FTC at age 32 after an article she wrote ...
It’s different now: Tariffs can boost U.S. jobs, wages, and the economy, finance professor says
"In this case, tariffs (properly implemented) would have the opposite effect of Smoot-Hawley." Read More Source link
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