For years, low gas prices fueled sales of SUVs and pickup trucks, and low interest rates made it easier for car buyers to trade up every time some shiny new technology came along. But with gas prices and interest rates rising, and tariffs on imported aluminum and steel driving up costs, automakers are facing an […]
When the United States imposed tariffs on steel and aluminum imports last month, the European Union and a handful of other key allies got a temporarily exemption that expires next week. China was not granted an exemption and took its case to the World Trade Organization. This week, the EU has decided to join that […]
French President Emmanuel Macron is pushing for a permanent exemption from tariffs for the European Union. Today will be the second day of Macron’s three-day state visit, and the biggest event will be the first state dinner since President Donald Trump took office 15 months ago. But it won’t be all glitz and glam. Macron […]
Critics of President Donald Trump’s steel and aluminum tariffs say the policies hurt U.S. manufacturers that use a lot of those materials. And one industry likely to feel the pinch of higher production costs: home appliance manufacturers. Still, at least one major domestic appliance company, Whirlpool Corp., may come out ahead, thanks to another protective […]
Japanese prime minister Shinzo Abe is in Florida to discuss trade issues with President Donald Trump. One issue on the table: Japan’s desire to be excluded from steel and aluminum tariffs that went into effect last month. Other key U.S. allies, including Australia, Canada, the European Union and Mexico have been granted exemptions. Plenty of […]
Manufacturers will be clamoring for domestic steel to avoid paying the tariff, so sellers have the upper hand now, explained Emily Blanchard, a business professor at Dartmouth University.
The market’s couldn’t ignore a brewing trade war forever. Stocks slid today on the news of countertariffs from China on items including American cherries, wine and pork. We’ll bring you the latest on markets, then we’ll talk to U.S. producers who have become increasingly dependent on the fast-growing Chinese market and now fear they’ll lose […]
In Brussels, there’s been little sign of rejoicing that the European Union, along with some other major U.S. trading partners, has dodged, for now, the steep steel and aluminum tariffs that went into effect today. The exemption is temporary, short and conditional. French President Emmanuel Macron said the exemption was “not considered satisfactory.” German Chancellor […]
