Tariffs 28 results

Trump Imposes Tariffs on Brazil And Argentina

In a move that surprised everyone, President Trump announced Monday via Twitter (how else?) that he would be imposing metal tariffs on both Brazil and Argentina. The tweet read in part “Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries.” Back in 2018, the U.S. exempted Brazil and Argentina from the ...

Possible End To The Trump Tariffs In Sight

The Wall Street Journal is reporting that U.S. and Chinese officials are close to rolling back some tariffs in the interest of keeping negotiations moving forward. In an article published Monday, November 4th, Myron Brilliant, Executive Vice President and Head of International Affairs at the U.S. Chamber of Commerce is quoted as saying, “The two sides are really close to a deal but it will come ...

American Factories Hurt By Tariffs

As the trade war grinds on, and the tariffs pile up, American manufacturers and the American economy both suffer. As featured right here on Manufacturing Talk Radio, the Institute for Supply Management's Manufacturing Report On Business showed the manufacturing index dropped to 47.8 in September, the lowest it’s been since June of 2009 and the first contraction in over 3 years. Timothy ...

Dow Drops As Trump Announces More New Tariffs

Following the announcement of new tariffs of $110 billion on Chinese imports, Dow Jones futures dropped sharply at the opening bell, sinking 0.9% vs. fair value. S&P 500 futures lost 0.85%. Nasdaq 100 futures dropped 1%. The Treasury yield curve is inverted by about 1 basis point. Last week the Treasury yield was inverted by about 6 basis points. The new tariffs will charge a 15% tax on ...

Apple And Others Get An Early Holiday Present From The Trump Administration

Apple and other consumer electronics manufacturers who rely on China to make their products just got an early holiday present from the Trump administration in the form of a delay on some tariffs until mid-December. The tariffs in question were set to go into effect on September 1st, a date that coincides with Apple’s plans to release the latest version of the popular iPhone, just in time for ...

U.S. Treasury Department Designates China As A Currency Manipulator As The Trade War Becomes A Currency War

In a rare move, the U.S. Treasury Department has officially labeled China a currency manipulator. After the People's Bank of China allowed their currency to drop to the lowest level in over a decade, the Treasury Department issued a statement that read in part, "In recent days, China has taken concrete steps to devalue its currency, while maintaining substantial foreign exchange reserves despite ...

Foxconn Looking To Sell New Display Factory. Why? Tariffs, Of Course.

Foxconn, the folks who assembled your iPhone, are looking to sell their brand new, $8.8 billion factory in China. While the company hasn’t officially placed the facility, which produces displays, on the market, there is every indication that the devices manufactured there will be heading to places like Vietnam and India along with all the other Chinese manufacturers seeking relief from U.S. ...