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The potential impact of tariffs varies. The Tax Foundation estimated tariffs on Mexico, Canada, and China could collectively shrink US GDP by 0.4%. They would create a tax of more than $800 per US ...
The Peterson Institute for International Economics estimates Trump’s full tariff plan would cost the typical household $2,600 per year in higher costs. Voters say, meh.
Tariffs have sent retail execs at Gap , Polo Ralph Lauren , Williams Sonoma , and others to move sourcing out of China to contain costs. "It's a pressure point. But again, I think we can work ...
Williams Sonoma CEO Laura Alber"In the first Trump administration, we saw the first wave of tariffs, and we reduced our China exposure by 50%." The home goods and furnishing retailer now relies on ...
Trump signed orders on Saturday evening, imposing 25% tariffs on imports from Mexico and Canada (though Canadian energy faces a lower tariff of 10%) and 10% tariffs on goods from China.
President Donald Trump said Friday that a first round of tariffs on Canada, Mexico, and China will begin on his self-imposed deadline Feb. 1 but that some duties on oil and gas may be limited.
China expressed concern over U.S. tariffs and Russia-related sanctions during a meeting of the two countries' Economic Working Group in Washington, China's finance ministry said on Saturday.
Trump's tariff proposals target several key trade partners. MEXICO AND CANADA: The two countries were the largest trade partners of the U.S. in 2024 through November, with Mexico ranked first.