Tariffs 23 results

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. ...

How Tariffs Are Shaping The Landscape In Manufacturing

As the unusually hot summer of 2019 slogs on, so does the never-ending trade war between the U.S. and China. Tariffs, followed by more tariffs and the threat of even more tariffs dominate the landscape of this seemingly endless stalemate. Tariffs have shaped the landscape of the manufacturing more than anything in recent history. The ongoing trade war with China has no end in sight. This has ...

U.S. Hits Vietnam with 400% Tariffs On Steel

Earlier this week we published an article on the benefits reaped by Vietnam from companies shifting production to their country to escape the U.S. tariffs on products manufactured in China. Yesterday the U.S. Commerce Department imposed duties of over 400% on steel imported from Vietnam to the U.S. The Commerce Department said certain steel products forged in South Korea and Taiwan were being ...

China’s Loss Is Vietnam’s Gain

In the first four months of this year Vietnam has become the eighth largest import partner for the United States, surpassing Ireland, Italy, India and France among others. The trade war between the United States and China continues, forcing manufacturers to move production outside China to avoid paying ever-increasing tariffs on goods bound for the US. In the first four months of this year ...

Foxconn Says US-bound iPhones Can Be Produced Outside China To Avoid Tariffs

“Designed in Cupertino. Made In China”. That’s what is says on the box of every iPhone sold in the United States. For years, Chinese manufacturer Foxconn has produced version after version of the hottest selling smartphone in the world. The question on everyone’s mind lately has been what Apple and Foxconn will do if a 25% tariff is levied on the popular device. Would Apple just absorb ...