Trump, Tariff
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Brazil, Trump and Jair Bolsonaro
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President Donald Trump says he will put a 50% tariff on copper imports before noting the value of the versatile metal.
Fast Retailing - owner of Japanese fashion giant Uniqlo - is forecasting record sales but has conceded that tariffs will take a bite from profits and prompt price rises.
President Trump on Monday said the U.S will impose 25% tariffs on goods from South Korea and Japan by Aug. 1, while also threatening to hit a dozen other nations with steep import duties by next month.
With tariffs being applied to more countries, Kohl's Corp. believes it won't change its financial outlook for the rest of the year.
Instead of viewing tariffs as part of a broader trade policy, President Trump sees them as a valuable weapon he can wield on the world stage.
WASHINGTON (Reuters) -U.S. President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries. Trump has set a baseline tariff of 10% on all imports to the United States, as well as additional duties on certain products or countries.
The sector-specific tariffs are putting pressure on businesses and foreign nations as they try to navigate Trump’s constantly evolving trade agenda.
A sourdough baker turned entrepreneur in North Carolina has delayed his new product as he contemplates the prospect that higher costs will doom his company.