Trade
Trump tariffs don’t cause inflation because of ‘patriotism’ buying: WH advisor
White House economic advisor Kevin Hassett speculated Monday that new tariff policies are not yet sparking widespread price inflation because President Donald Trump has convinced more people to buy American. “There’s, I think, a lot of patriotism in the data,” Hassett said on CNBC’s “Squawk Box” when he was asked to explain why Trump’s protectionist […]
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Trump’s 30% tariff letter leaves EU scrambling to bring U.S. on side
US President Donald Trump walks on the South Lawn of the White House after arriving on Marine One in Washington, DC, US, on Sunday, July 13, 2025. Bonnie Cash/UPI/Bloomberg via Getty Images The European Union has been left scrambling after U.S. President Donald Trump said he would slap a 30% tariff on goods imported from […]
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What Trump’s 30% tariff threat means for the European Union — in charts
Key Points The U.S. and EU have the largest bilateral trade and investment relationship in the world, representing almost 30% of global trade in goods and services. Last year alone, the value of EU-U.S. trade amounted to 1.68 trillion euros ($1.96 trillion). That’s the equivalent of roughly 4.6 billion euros of trade per day. U.S. […]
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CNBC Daily Open: Surprise tariff salvo on Saturday
President Donald Trump participates in a round table event at the Hill Country Youth Event Center to discuss last week’s flash flooding on July 11, 2025 in Kerrville, Texas. Chip Somodevilla | Getty Images No one likes working over the weekend. Unless you are the leader of the free world firing off social media posts […]
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The EU is delaying retaliatory tariffs on U.S. goods in hopes of reaching a deal by Aug. 1
European Commission President Ursula von der Leyen attends a press conference with Polish Prime Minister Donald Tusk and European Council President Antonio Costa, on the day of the European Union leaders summit in Brussels, Belgium June 26, 2025. Yves Herman | Reuters The European Union will suspend retaliatory tariffs on U.S. goods scheduled to take […]
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In rare earth metals power struggle with China, old laptops, phones may get a new life
A stack of old mobile phones are seen before recycling process in Kocaeli, Turkiye on October 14, 2024. Anadolu | Anadolu | Getty Images As the U.S. and China vie for economic, technological and geopolitical supremacy, the critical elements and metals embedded in technology from consumer to industrial and military markets have become a pawn […]
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World leaders respond to latest Trump tariff threats against the EU and Mexico
European Union leaders are sounding off on the 30% tariffs U.S. President Donald Trump threatened to impose on the trade bloc, with most emphasizing the need for unity, constructive dialogue and their readiness to work toward an agreement by Aug. 1. “Imposing 30% tariffs on EU exports would disrupt essential transatlantic supply chains, to the […]
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Inside the trade war’s tariff hideouts, ‘foreign’ zones and bonded warehouses
To offset the rising costs of tariffs and trade war uncertainty, companies are using U.S. Customs-sanctioned foreign trade zones (FTZs) and bonded warehouses to delay or reduce product taxes. FTZs have a long history dating back to a previous period of trade conflict, created during the Great Depression by Congress to encourage international trade and […]
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Trump announces 30% tariffs on EU and Mexico, starting Aug. 1
The flags of the European Union fly in front of the European Parliament. Philipp von Ditfurth | dpa | Picture Alliance | Getty Images President Donald Trump said Saturday the U.S. will impose a 30% tariff on goods from the European Union and Mexico that will take effect on Aug. 1. Trump revealed the new […]
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Some Walmart garment orders from Bangladesh on hold due to U.S. tariff threat: Reuters
Shoppers at the Walmart Supercenter in Burbank during Walmart’s multi-week Annual Deals Shopping Event in Burbank Thursday, Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty Images Suppliers to Walmart have delayed or put on hold some orders from garment manufacturers in Bangladesh, according to three factory owners and correspondence from a […]
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