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European markets set to plummet amid Trump tariff threat
European markets are expected to open sharply lower Monday after U.S. President Donald Trump imposed trade tariffs on several countries and threatened to do the same with the European Union and U.K. The U.K.’s FTSE 100 index is expected to open 116 points lower at 8,563, Germany’s DAX down 498 points at 21,217, France’s CAC down […]
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Trump tariffs-led spike in energy prices is temporary, oil prices could ‘plummet’ as global growth slows
Oil field, Alberta, Canada Norm Betts | Bloomberg | Getty Images Oil prices are likely to fall in the longer run after the initial jump following President Donald Trump’s implementation of hefty tariffs on Canada, Mexico and China, said industry watchers. Over the weekend, Trump followed through on his long-threatened 25% tariffs on imports from […]
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Asia-Pacific markets slide after Donald Trump’s sweeping tariffs on several countries
View of the central business district skyline at sunset in Beijing, China. Sheng Peng | Visual China Group | Getty Images Asia-Pacific markets opened lower Monday after U.S. President Donald Trump levied tariffs on Canada, Mexico and China over the weekend. Australia’s S&P/ASX 200 dropped 1.86%. Japan’s Nikkei 225 fell 1.84% at the open, while […]
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‘It doesn’t have to be this way’: Canada, Mexico and China respond to Trump’s tariffs
Canadian, Mexican and Chinese flags. Nurphoto | Nurphoto | Getty Images U.S. President Donald Trump on Saturday imposed long-threatened tariffs on imports from Canada, Mexico and China — and it didn’t take long for the countries to respond. Trump signed an order slapping 25% tariffs on goods from Mexico and Canada, and a 10% duty […]
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Here are the stocks that will be hurt the most from Trump’s new tariffs
President Donald Trump ‘s proposed tariffs on some of the U.S.’s major trading partners — Mexico, Canada and China — present a challenging headwind for U.S. companies that depend on the affected countries for imports and manufacturing. While forecasts on the full economic impact of tariffs vary across Wall Street, the levies are widely expected […]
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Implemented or not, Trump’s 25% tariff threat is challenging the auto industry
A car carrier trailer waits in line next to the border wall before crossing to the United States at Otay commercial port in Tijuana, Baja California state, Mexico, on Jan. 22, 2025. Guillermo Arias | AFP | Getty Images DETROIT — As President Donald Trump’s threat to impose 25% tariffs on imports from Canada and […]
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Trump says 25% tariffs on Mexico and Canada may not include oil: ‘Oil is going to have nothing to do with it as far as I’m concerned’
President Donald Trump speaks to members of the press in the Oval Office of the White House on Jan. 30, 2025. Kent Nishimura for The Washington Post | Getty Images Donald Trump has confirmed he will impose 25% tariffs on imports from Mexico and Canada from February, following through on threats issued weeks earlier. The […]
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Levi beats earnings estimates but expects pressure this year from strong U.S. dollar
Levi Strauss issued dismal guidance for its current fiscal year on Wednesday, as the denim maker grapples with unfavorable currency exchange rates, one fewer selling week and a loss in revenue from its Denizen and footwear businesses. The company said it expects sales to decline between 1% and 2%, well behind estimates of 3.7% growth, […]
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Trump tariffs could raise prices on technology like laptops, smartphones and AI
Workers weld acid batteries at the Leoch International Technology Ltd. factory in Saltillo, Coahuila, Mexico, on Monday, Oct. 7, 2024. Mauricio Palos | Bloomberg | Getty Images The world’s most valuable chipmaker and the world’s largest contract manufacturer for electronics announced in November that Foxconn was building a massive factory in Guadalajara, Mexico, to assemble […]
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Trump’s 25% tariff could be an existential threat to Canada’s recovering auto industry
Canadian and American flags fly near the base of the Ambassador Bridge connecting Canada to the U.S. in Windsor, Ontario, Canada, on Wednesday, May 26, 2021. Cole Burston | Bloomberg | Getty Images DETROIT — There’s growing concern that President-elect Donald Trump’s plan to impose 25% tariffs on Canadian imports would be an existential threat […]
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