Tariffs

Trump says he will double planned tariffs on Canadian aluminum and steel, sticking with trade war despite market drop

Trump says he will double planned tariffs on Canadian aluminum and steel, sticking with trade war despite market drop.

Trump's tariffs create the 'Wild West' on Wisconsin's factory floors

AriensCo - a manufacturer of bright orange snowblowers - has braced for the cold blast of tariffs since November. "I mean, he campaigned on tariffs," said Nicholas Ariens, president and chief operating officer of the family-owned manufacturer in Brillion, Wisconsin, referring to President Donald Trump's frequent vows to boost import taxes if elected, "so we've basically been preparing since the election." AriensCo makes most products in its U.S. plants with mostly U.S. materials, but could end up paying more for raw materials like steel and imported components, while its exports to places like Canada could get hit with counter tariffs.

Gold Rebounds as Investors Take Stock of Outlook for US, Tariffs

(Bloomberg) -- Gold climbed — regaining a small foothold above $2,900 an ounce — as a global selloff that rattled Wall Street lost momentum even as investors remained concerned about the outlook for the US economy.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpWhere New York City's Zoning Reform Will Add HousingInside the ‘Not

Central Europe's economies face risks from slowing trade, tariffs, IMF warns

Central Europe's export-dependent economies face risks from slowing world trade growth and tariff threats, which could be mitigated with reforms and the removal of remaining trade barriers in the EU, the International Monetary Fund said. Central European nations are among the European Union's most reliant on foreign trade, with exports as a share of output ranging from 92% in Slovakia to 69% in the Czech Republic, based on 2023 Eurostat data, with only Romania's 39% below the bloc's average. U.S. President Donald Trump's plan to impose 25% tariffs on imports from the bloc is likely to hurt growth in the export-oriented region, though Poland, the region's largest economy, is seen less exposed, S&P Global said last week.

What Trump actually wants from tariffs

President Donald Trump says he believes tariffs are a panacea: a catch-all economic tool that can restore America’s manufacturing prowess, bring foreign nations to heel on key disputes, restore the balance of trade and bring in gobs of money that can help pay off the US deficit and reduce Americans’ tax burdens.

US-China Tariff Talks Stuck at Lower Levels, Stoking Frustration

(Bloomberg) -- Talks between the US and China on trade and other issues are stuck at lower levels, people familiar with the matter said, with both sides talking past each other and failing to agree on the best way to proceed.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpWhere New York City's Zoning Reform Will Add HousingInsid

Spanish fashion retailer Mango adapting to US tariffs, CEO says

Spanish fashion retailer Mango is adapting to tariffs imposed by the Trump administration on imports from China and could rethink the types of products it sells in the U.S., which is its fifth-largest market, the company's chief executive said. Mango does not plan to raise prices to offset the impact of tariffs, even though that could dent its margins, CEO Toni Ruiz said late on Monday in a joint interview with Reuters and French newspaper Les Echos at Mango's headquarters outside Barcelona. U.S. President Donald Trump imposed fresh duties on Chinese goods last week after declaring China had failed to do enough to stem the flow of deadly fentanyl and its precursor chemicals into the United States.

Japan's trade minister fails to win US assurances on tariff exemptions

Japan’s trade minister said this week that he has failed to win assurances from U.S. officials that the key U.S. ally will be exempt from tariffs, some of which take effect on Wednesday. Yoji Muto was in Washington for last ditch negotiations over the tariffs on a range of Japanese exports including cars, steel and aluminum. Muto said Monday in Washington that Japan, which contributes to the U.S. economy by heavily investing and creating jobs in the United States, “should not be subject to” 25% tariffs on steel, aluminum and auto exports to America.

Tariffs topple stocks, no sign of 'Trump put'

U.S. stocks finally caught up overnight with what currency and bond markets have been saying for several weeks: A slowdown is coming. Tesla shares have halved since their post-election peaks and the dollar, which had been rising in anticipation of Donald Trump's policies, has now begun sliding as he slaps tariffs on his neighbours. Citi downgraded its U.S. asset allocation recommendation, cutting stocks to "neutral" from "overweight" after the market closed, saying that for the next few months at least it's not clear that the U.S. economy's outperformance can continue.

PHOTO COLLECTION: Tariffs Kentucky Bourbon

This is a photo collection curated by AP photo editors.

Oil edges higher, but recession fears and tariffs limit gains

NEW YORK (Reuters) -Oil prices rose less than 1% on Tuesday, helped by weakness in the dollar, although gains were capped as concerns mounted over a U.S. slowdown and the impact of tariffs on global economic growth. Oil prices, however, pared back some gains after U.S. President Donald Trump said on Tuesday he has instructed his commerce secretary to add an additional 25% tariff on all steel and aluminum imports from Canada, bringing the total tariff on those products to 50%. Trump's protectionist policies have shaken global markets, imposing and delaying tariffs on major oil suppliers Canada and Mexico, while also raising duties on China, prompting retaliatory measures.

US dollar hits one-week high against Canadian dollar on Trump tariffs

NEW YORK (Reuters) -The U.S. dollar rose to a one-week high against the Canadian dollar on Tuesday after President Donald Trump hit Canada with more tariffs while the euro hit a new four-month peak against the U.S. currency on hopes a German defence spending deal. Trump doubled his planned tariff on all steel and aluminium products imported from Canada, bringing the total to 50%, in response to the province of Ontario applying a 25% tariff on electricity sent to the U.S. The U.S dollar strengthened 0.53% against the Canadian dollar to C$1.4516 per dollar.

Surge in Canadian Crude Signals Tariff Concern Is Waning

(Bloomberg) -- Concern about President Donald Trump’s threats to impose tariffs on US imports of Canadian oil is waning as the duties’ start date keeps getting pushed back, strengthening local crude prices.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architec

Peru Prepares US Delegation in Bid to Avert Copper Tariffs

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + RenfroWorld No. 3 copper supplier Peru will send a delegation to meet

VIX Nears 30 First Time Since August Shock on Tariff Anxiety

(Bloomberg) -- A slump in the S&P 500 Index on Monday sent the Cboe Volatility Index a hair away from 30, the level it last reached during the volatility shock in August. Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architecture’ of High Line Designers Diller

US container imports at near-record level in February, tariff risks loom

U.S. container import volumes increased 4.7% year-on-year in February, but could cool in coming months as the U.S. trade war with China and other key trading partners takes hold, supply chain technology provider Descartes said on Monday. U.S. seaports handled more than 2.2 million 20-foot equivalent units (TEUs), the second highest February volume on record, fueled by a 7.9% rise in volume from China, Descartes said. Last year's robust import volume has flowed into 2025, fueled by resilient consumer spending and the front-loading of manufacturing parts and other goods ahead of expected tariffs on China, Mexico and Canada.

Président Butter Maker Says Tariffs to Boost Consumer Prices

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + RenfroThe maker of Président butter said tariffs on agriculture import

US stock market loses $4 trillion in value as Trump plows ahead on tariffs

NEW YORK (Reuters) -President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out $4 trillion from the S&P 500’s peak last month, when Wall Street was cheering much of Trump's agenda. A barrage of new Trump policies has increased uncertainty for businesses, consumers and investors, notably back-and-forth tariff moves against major trading partners like Canada, Mexico and China. "We've seen clearly a big sentiment shift," said Ayako Yoshioka, senior investment strategist at Wealth Enhancement.

Goldman Sachs slashes US economic forecasts as tariff impacts grow 'considerably more adverse'

Goldman Sachs is the latest economic forecasting team to downgrade its outlook as Trump's tariffs are expected to weigh on growth and boost inflation.

China strikes back at Trump tariffs with 15% levies targeting US farmers

China retaliated against President Donald Trump's tariffs with an additional 15% tax on key American farm products, including chicken, pork, soybeans and beef. The escalating trade tensions punished U.S. markets Monday as investors fearful of the damage from from Trump's trade wars put their money elsewhere. The Chinese tariffs, announced last week, were a response to Trump's decision to double the levy on Chinese imports to 20% on March 4.

Trump Tariffs to Be Weighed in March Farm Crop Report, USDA Says

(Bloomberg) -- A closely watched crop report due Tuesday will take existing trade tariffs into account as part of global forecasts for the world’s corn, soybeans and other farm products. Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architecture’ of High Line

Explainer-What challenges face the EU in first round of Trump tariffs?

The European Union is bracing for its first round of U.S. tariffs on Wednesday, 25% tariffs on aluminium and steel imports, affecting more EU imports in value than duties U.S. President Donald Trump imposed on EU metal imports in 2018. In 2018, Trump's tariffs on steel and aluminium imports affected 6.4 billion euros ($6.9 billion) of EU metal shipments.

Dow tumbles 500 points at the open of trading on worries about tariffs; S&P 500 is 7% below its record set last month

Dow tumbles 500 points at the open of trading on worries about tariffs; S&P 500 is 7% below its record set last month.

CEO of Rubbermaid, Sharpie maker: Trump tariffs are creating a lot more uncertainty

Another consumer products giant warns about Trump tariffs.

Strategists See More S&P 500 Volatility as Tariff Fears Kick In

(Bloomberg) -- A chorus of Wall Street strategists is warning about rising volatility in the stock market, with Morgan Stanley’s Michael Wilson the latest to sound the alarm on slumping economic growth amid President Donald Trump’s trade wars.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Bec

VW's Traton sees no significant impact from U.S. tariffs

This comes even as 65% of the 70,000 trucks supplied by the German group to the U.S. last year were assembled at its Mexico plant. Last week, U.S. President Donald Trump postponed 25% tariffs on Mexico and Canada for automakers by one month on vehicles that comply with the 2020 U.S.-Mexico-Canada Agreement's rules of origin.

Morning Bid: Trump's tariffs raise recession red flags

It was a nervy start to the week for markets, led by an uncharacteristically steep decline for Wall Street futures early in the Asian day. U.S. President Donald Trump seems to be at the centre of investor worries, sidestepping a question in a Fox News interview on Sunday about whether his trade tariffs could trigger a U.S. recession. As City Index analyst Matt Simpson put it, that's as good as a yes as far as markets are concerned.

Dollar weakens against the Japanese yen amid tariff worries

NEW YORK (Reuters) -The U.S. dollar weakened against the yen on Monday as investors worried about a probable U.S. economic slowdown and a persistent selloff on Wall Street that has been battered by continued policy uncertainty surrounding the Trump administration's trade policy. The greenback, however, rose against some of its major peers such as the euro, Swiss franc and sterling, as investors booked profits on recent long positions on those currencies. Markets overall have been fixated on trade tensions after U.S. President Donald Trump slapped tariffs on top trading partners only to delay some of them for a month amid fears of a U.S. slowdown.

Oil settles down 1.5% as tariffs prompt fears of slow demand

Oil prices were down 1% on Monday on fears that U.S. tariffs on Canada, Mexico and China would slow economies around the world and slash energy demand while OPEC+ ramps up its supply. Last week marked WTI's seventh consecutive weekly decline, the longest losing streak since November 2023, while Brent fell for a third consecutive week. U.S. President Donald Trump's protectionist policies have roiled markets across the world, with Trump imposing and then delaying tariffs on his country's biggest oil suppliers -- Canada and Mexico -- while also raising duties on Chinese goods.

China’s Retaliatory Tariffs on US Farm Goods Take Effect Monday

(Bloomberg) -- Chinese tariffs as high as 15% on a range of US agricultural goods take effect Monday, potentially exacerbating a trade dispute between the world’s two largest economies.Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architecture’ of High Line

Carney says Canada’s tariffs to stay until US shows ‘respect’

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + RenfroCanada will keep in place its retaliatory tariffs against US-

US Inflation Set to Stay Sticky as Tariff Risk Looms

(Bloomberg) -- US consumer prices probably rose in February at a pace that illustrates plodding progress on inflation for Federal Reserve officials. They may be content to remain on the sidelines to assess a policy whirlwind from the Trump administration.Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on I

China Sets Retaliatory Tariffs on Canada Rapeseed Oil, Pork

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + RenfroChina said it will impose retaliatory tariffs on imports of r

Lutnick Says Trump Sticking to US Aluminum-Steel Tariff Timeline

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + RenfroUS Commerce Secretary Howard Lutnick signaled he doesn’t expe

Trump downplays business concerns about uncertainty from his tariffs and prospect of higher prices

President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn't ruling out the possibility of a recession this year. After imposing and then quickly pausing 25% tariffs on imports from Mexico and Canada that sent markets tumbling over concerns of a trade war, Trump said his plans for broader “reciprocal” tariffs will go into effect April 2, raising them to match what other countries assess. “April 2nd, it becomes all reciprocal,” he said in a taped interview with Fox News Channel's “Sunday Morning Futures.”

'Chaos creates opportunities': Wall Street pros weigh in on market sell-off under Trump's tariff war

It's been a brutal start to March — but some Wall Street strategists say the US stock market continues to remain resilient.

How one small business is navigating Trump’s on-again, off-again tariffs on Canadian goods

At Fishtown Seafood, owner Bryan Szeliga is worried about the oysters. Szeliga, who operates three retail and wholesale locations in Philadelphia and Haddonfield, N.J., sells a range of seafood. The Trump's administration's on-again, off-again 25% tariffs on imports from Canada — which went into effect on Tuesday only to be suspended on some items for a month on Thursday — are giving Szeliga whiplash.

Why Trump tariffs are burning up your portfolio

You have to think more critically about your investments right now than ever before!

Inflation in center focus amid tariff fears: What to know this week

Updates on inflation data for the month of February are set to greet investors as fears over the impact of President Trump's tariffs have recently sent the stock market into a slump.

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