Tariffs 31 results

Trump to Raise Tariffs on European Aircraft Imports

Along with China, the United States has also been engaged in a trade standoff with Europe. While tensions have begun to ease with the Chinese, in Europe, there is still much to be covered. In an effort to see results, the Trump administration is continuing to apply some pressure of its own. This past weekend, on the 15th, the U.S. announced it would raise the duty on imported European aircra...

China to Offer Nearly 700 Tariffs Exemptions Amid Coronavirus

The coronavirus outbreak which has been spreading through China has sent ripples in the global economy. This outbreak has also occurred amidst the ongoing trade war between China and the United States. Now, the Chinese government is looking to find some relief. This past Tuesday, the country announced that it would allow importers to apply for exemptions on nearly 700 types of goods from the ...

U.S. And China Ease Trade War with New Pact

In an effort to help ease tensions in the ongoing trade war, the United States and China recently announced a new trade pact agreement this past week. President Trump announced at the signing event in Washington that the pact would have a “transformative” impact on the American economy. The new agreement has China committing to increasing American imports from their 2017 levels by at least ...

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 ...