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The administration has already levied a 25% tariff on all imported steel and a 10% tariff on Chinese imports on top of existing duties. China retaliated, placing tariffs on select chips and metals.
Trump also plans a universal tariff of 10% or so on all imports, tariffs on products from the European Union, and product-specific tariffs targeting goods such as pharmaceuticals and computer chips.
With America behaving like a dictatorship over the Panama Canal and Greenland, the international order and the rule of law – diplomatic and economic – is coming under more sustained attack ...
Quaker Foods North America sales:-2.1%% year over year to $874 million vs. estimates for $901.5 million North America beverages: unchanged year over year to $7.9 billion vs. estimates for $7.99 ...
Those tariffs did cause limited harm by raising costs to some US producers. But that came at a relatively benign time for the economy, when inflation was low and the massive COVID-era supply chain ...
JPMorgan Chase CEO Jamie Dimon on Wednesday downplayed concerns about new tariffs from the Trump administration: "If it's a little inflationary, but it's good for national security, so be it."
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.
Trump also mentioned his intent to impose tariffs on Canada and Mexico starting Feb. 1, sparking concerns of a trade war that could impact economic growth and, as a result, oil consumption.