Trump, tariffs
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3hon MSN
President Donald Trump originally announced 46 percent tariff plans on Vietnam during his “Liberation Day” announcement.
While Donald Trump remains broadly popular in his own party, his support among Republicans has softened in some notable ways.
Companies importing goods into the United States from China are rushing to convert warehouses into facilities that are exempt from President Donald Trump's tariffs until they are ready to sell the merchandise.
Companies like Walmart, which generated billions in revenue last year, could arguably afford to absorb the cost of tariffs without raising prices. However its many shareholders, and short-time investors might not be ok with it, according to a set of economists interviewed by The New York Times.
President Trump believes he can force more goods to be made at home by raising taxes on American imports. He imposed new tariffs on cars, steel and aluminum. His particularly steep tariffs on China prompted an escalation that blocked most trade between the countries. He also placed new “ reciprocal tariffs ” on China and dozens of other countries.
Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.
Squeezed by insurers and middlemen, independent pharmacists find themselves on the front lines of a tariff storm.
Unusually large shipments of copper to the United States are unlikely to abate as long as the threat of tariffs hangs over the market and price premiums for the metal on U.S.-based COMEX make deals profitable for traders and producers,
While at the Cannes International Film Festival for his new film, Houston-born filmmaker Wes Anderson mocked President Trump's plan for a 100 percent tariff on foreign-made films. Anderson, known for his acclaimed films like The Royal Tenenbaums,
A crucial cog in the global semiconductor industry, Malaysia aims to build high-end chips. It will have to contend with President Trump’s trade policy first.
As tariff price hikes come closer to reality, the Trump administration has begun touting new trade deals as a way out of economic turmoil.