Trade
Trump says tariffs on Canada and Mexico ‘will go forward’
President Donald Trump said Monday that sweeping U.S. tariffs on imports from Canada and Mexico “will go forward” when a month-long delay on their implementation expires next week. “The tariffs are going forward on time, on schedule,” Trump said when asked at a White House press conference if the postponed tariffs on the two U.S. […]
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Here’s why Trump tariffs may raise your car insurance premiums
Key Points Annual car insurance premiums would rise by 8% in 2025 if tariffs on Canada and Mexico take effect, according to Insurify. They would rise by 5% without such duties, it said. Trump proposed a 25% tariff on imports from Canada and Mexico, which may start in March. Tariffs are expected to raise costs […]
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Europe’s luxury sector is showing signs of revival — but China weakness and tariff threats loom
A Gucci luxury goods store in the Galleria Vittorio Emanuele shopping mall in Milan, Italy. Bloomberg | Bloomberg | Getty Images Europe’s troubled luxury sector is showing signs of revival after an upbeat earnings season. But continued weakness in China — and the prospect of U.S. tariffs — could leave even the most exclusive brands […]
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Hasbro says it’s taking steps to offset China tariff impact
The Hasbro, Inc. logo is seen on a toy for sale in a store in Manhattan, New York, U.S. Andrew Kelly | Reuters Toy and gaming giant Hasbro took an optimistic tone Thursday on the potential impact of Chinese tariffs on its business, as executives said the company is shifting manufacturing away from China. Hasbro […]
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Trump expects visit from Chinese President Xi without giving timeline
Chinese President Xi Jinping and U.S. President Donald Trump. Dan Kitwoodnicholas Kamm | Afp | Getty Images U.S. President Donald Trump said on Wednesday he expected Chinese President Xi Jinping to visit the United States without giving a timeline for his trip. Trump made the remarks to reporters on Air Force One and said “it’s possible” for the U.S. and China to have a new trade deal. A conversation or interaction […]
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Almost 90% of Japanese companies see Trump as bad for business, Reuters reports
Almost nine out of 10 Japanese companies expect U.S. President Donald Trump’s policies to negatively affect business, a Reuters survey showed on Thursday. Eschcollection | Digitalvision | Getty Images Almost nine out of 10 Japanese companies expect U.S. President Donald Trump’s policies to negatively affect business, a Reuters survey showed on Thursday, the clearest sign […]
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Trump’s reciprocal tariffs would hit these European Union products that Americans buy the hardest
Workers walk past manufacturing equipment at Eli Lilly & Co. manufacturing plant in Kinsale, Ireland, on Sept. 12, 2024. Lilly has been bulking up its production capacity since 2020, investing more than $17 billion into developing new plants and expanding existing facilities for the weight-loss and diabetes drugs that are expected to become some of […]
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China’s pain threshold for tariffs is a ‘lot lower’ than U.S., says former Trump advisor
China’s pain threshold for tariffs is “a lot lower” than the U.S.’, according to Stephen Moore, a former economic advisor to U.S. President Donald Trump. Speaking at a Delivering Alpha event in Dubai, Moore said that China was Trump’s main target regarding tariffs. He described the foreign economic policy as a “negotiating tool” from the […]
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Trump reciprocal tariffs news conference set for 1 p.m.
U.S. President Donald Trump reads about tariffs on steel and aluminum, as Howard Lutnick stands in the background, in the Oval Office of the White House in Washington, U.S., Feb. 10, 2025. Kevin Lamarque | Reuters President Donald Trump set an Oval Office news conference on his plan to impose reciprocal tariffs on other countries […]
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Trump reciprocal tariffs could come by Thursday, White House says
U.S. President Donald Trump looks on, as he signs executive orders in the Oval Office of the White House in Washington, U.S., Feb. 10, 2025. Kevin Lamarque | Reuters President Donald Trump could announce his reciprocal tariff plan before he meets with Indian Prime Minister Narendra Modi on Thursday, the White House said Wednesday. “I […]
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