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Trump Says He Will Put 100% Tariff on Movies Made Outside U.S.
President Trump said he would impose a 100 percent tariff on movies “produced” outside the United States, proclaiming in a social media…
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Customs (Tariff)
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China’s Garment Factories Face a Tipping Point After New Tariffs
Liu Miao has sold clothing on Amazon to wholesale buyers in the United States for the past five years. That trade has come to an abrupt…
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Oil Prices Slide Further on Plans to Increase Supply
Oil prices resumed their downward slide after the OPEC Plus cartel of oil producers said over the weekend that it would pump more oil,…
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A Tidal Wave of Change Is Headed for the U.S. Economy
When the Covid pandemic hit, factories in China shut down and global shipping traffic slowed. Within a matter of a few weeks, products…
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Car Prices Expected to Rise as Tariffs on Parts Kick In
The United States imposed 25 percent tariffs on imported auto parts on Saturday that could sharply raise prices for new and used vehicles…
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Companies Are Raising Prices as Tariffs Hit
More companies are starting to warn that they will have to pass on higher costs to American consumers, raising prices for products like…
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US Hiring Stayed Strong Amid Early Days of Tariff Policy, Jobs Report Shows
U.S. employers added 177,000 jobs in April, the Labor Department reported on Friday. The unemployment rate was unchanged at 4.2 percent.…
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Exxon and Chevron Report Lower Profits While Girding for Tariffs
The two largest U.S. oil companies reported their lowest first-quarter profits in years on Friday as they braced for the economic fallout…
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How a U.S. Tax Loophole Supercharged China’s Exports
When Congress raised the threshold for imported goods to enter the United States tax-free to $800 from $200 nearly a decade ago, it threw…
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Amazon Says Operating Profits May Decline Amid Economic Uncertainty
As much as Amazon may have wanted to dodge the spotlight in President Trump’s trade war, there was no avoiding it for America’s largest…
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GM Cuts Profit Forecast by 20% and Says Auto Tariffs Will Cost It Billions
General Motors cut its profit forecast for 2025 on Thursday by more than 20 percent and said that the Trump administration’s tariffs would…
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How Much Time Will Musk Devote to Tesla?
Musk or not, Tesla’s challenges remain Tesla shareholders appear relieved that Elon Musk seems set to stay on as C.E.O., after the…
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Trump’s Tariffs Lead Japan to Slash Its Economic Growth Forecast
The growing list of major economies warning of weaker growth because of U.S. tariffs has a new member. The Bank of Japan said on Thursday…
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Mercedes-Benz and Volkswagen Facing Uncertainty With Tariffs
European carmakers, including Mercedes-Benz, Stellantis and Volkswagen, said Wednesday that the chaos and upheaval caused by the tariffs…
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Under Trump, Stocks Have the Worst Start to a Presidential Term Since 1974
One hundred days of President Trump. Seventy days of whipsaw trading in financial markets. Thirty three days of losses. More than $6.5…
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Do CEOs Dare Risk Tariff Transparency, and Draw Trump’s Fury?
Trump’s price war At a rally in Michigan last night, President Trump declared that “we’re ending the inflation nightmare.” But corporate…
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Chinese Factories Slow in Early Sign of Trade War’s Toll
President Trump’s tariffs are already taking a toll on China’s factories. Three weeks into a trade war that pushed import tariffs of…
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Starbucks Profit Drops, but Leaders Say Turnaround Is Working
Faster coffee. More baristas. More seating. Despite headwinds from higher coffee prices and tariffs on certain products, Starbucks is…
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UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
UPS said on Tuesday that it would cut 20,000 jobs this year as part of a long-term plan to reduce costs and bolster profit. The cuts come…
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White House-Amazon Spat Culminates in Trump Calling Bezos ‘Very Nice’
President Trump’s 100th day in office started with what seemed to be a fresh and fast-escalating spat between the White House and Amazon.…
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West Coast Ports Brace for China Tariffs to Dent Import Volume Within Days
Census Bureau data released on Tuesday showed a surge in U.S. imports starting last fall, from $268 billion at the end of October to $343…
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How Trump May Unintentionally Cut Carbon Emissions
President Trump has expressed little interest in fighting climate change. One of his key cabinet officials has even sought to evaluate…
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Trump to Sign Executive Order Walking Back Some Auto Tariffs
President Trump plans to sign an executive order Tuesday that will walk back some tariffs for carmakers, administration officials said,…
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Are Shein and Temu Prices Going Up? What to Know as Trump Ends De Minimis Tariff Loophole
A loophole that has allowed American shoppers to buy lots of cheap goods from mainland China and Hong Kong without paying tariffs and…