Tariffs

Trump tariffs live updates: EU, Canada retaliate as 25% steel, aluminum tariffs take effect

Yahoo Finance will chronicle the latest news and updates on Trump's tariffs — from the threats to the eventual policy.

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Oil eases on concerns about escalating tariff wars' impact on global economy

Oil prices eased on Thursday after surging the day before as worries about the impact of intensifying tariff wars on global economic growth and energy demand outweighed the positive sentiment from a larger-than-expected draw in U.S. gasoline stocks. U.S. crude stockpiles rose by 1.4 million barrels in the latest week, Energy Information Administration (EIA) data showed on Wednesday, which was less than the 2 million-barrel rise forecasters had expected. U.S. gasoline inventories fell by 5.7 million barrels, more than the 1.9 million-barrel draw expected by analysts, while distillate stocks also dropped more than anticipated.

Jamie Dimon changes tune on tariffs: ‘Uncertainty is not a good thing’

Two months ago, JPMorgan Chase CEO Jamie Dimon defended President Donald Trump’s tariff policy with a curt message: “Get over it.” But with stock markets lower and cracks appearing to form in the US economy, Dimon himself might not be over it.

Stock market today: Dow, S&P 500, Nasdaq futures trade flat as tariffs loom over cool inflation data

US stock futures held steady after markets breathed a sigh of relief thanks to a cooler-than-expected inflation report that buoyed tech shares in day trading.

Canada’s $21 Billion Counter-Tariffs Span Metals to Golf Balls

(Bloomberg) -- After US President Donald Trump imposed global tariffs on steel and aluminum, Canada on Wednesday revealed a list of retaliatory duties that apply to C$29.8 billion ($20.7 billion) of American goods — including ones used for Trump’s favorite pastime.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsNYC Congestion Pricing Toll Gains Support Among City ResidentsElectric Construction Equipment Promises a Quiet RevolutionOpen Philanthropy Launches $120 Million Fund

Exclusive-US food giants PepsiCo, Conagra seek to exempt some imports from tariffs, trade group says

Major packaged food makers including Quaker Oats and Folgers coffee asked U.S. President Donald J. Trump for targeted exemptions from tariffs on imports like cocoa and fruit, according to a letter seen by Reuters. PepsiCo, Conagra and J M Smucker, are requesting that Trump exempt ingredients not available from U.S. sources to protect manufacturers who otherwise buy from domestic farmers and suppliers, according to the letter, sent on Monday by a consumer products trade group representing the companies, the Consumer Brands Association. Coffee, oats, cocoa, spices, tropical fruit and tin mill steel, used for specialty food and household goods, are among the imports listed as unavailable domestically in the letter.

Global trade to grow despite US tariff policies, says DHL Group CEO

Global trade is forecast to grow, albeit less robustly, as the world reacts to U.S. President Donald Trump's tariff policies, Germany's DHL Group CEO Tobias Meyer told Reuters on Wednesday. "That outlook is mainly based on the 75% of global trade that does not touch the U.S.," said Meyer, who noted that segment is seeing positive momentum. The global goods trade is expected to expand at a compound annual rate of 3.1% from 2024 to 2029, a modestly faster pace than during the preceding decade, according to the DHL Trade Atlas 2025 prepared by delivery firm and New York University's Stern School of Business.

BMW to absorb tariff costs on some Mexican-built models

The Wall Street Journal first reported the news. BMW said it would "price protect" certain Mexican-built models that would be subject to tariffs - the 3 Series sedan and 2 Series coupe - until May 1, WSJ reported , citing a message to the company's U.S. dealers. A spokesperson for the company confirmed the contents of the report.

US Bonds Slip as Tariff Worries Overshadow Cooler Inflation Data

(Bloomberg) -- Treasuries fell in a volatile trading session as a recovery in risk sentiment amid the deepening global trade war overshadowed a cooler-than-expected US inflation report.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsNYC Congestion Pricing Toll Gains Support Among City ResidentsElectric Construction Equipment Promises a Quiet RevolutionOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsInside the ‘Not Architecture’ of High Line Designers Di

American Eagle flags demand woes, says tariffs may dent margins

(Reuters) -American Eagle Outfitters forecast annual revenue below expectations on Wednesday, becoming the latest U.S. apparel maker to signal a demand slowdown for clothing and accessories as well as a hit to margins from President Donald Trump's tariffs on China. Apparel makers and retailers such as Walmart and Target have struck cautious expectations for the year as an uncertain economy, burdened by Trump's seesaw tariff announcements, has turned shoppers discerning on buying non-essential items. "Entering 2025, the first quarter is off to a slower start than expected, reflecting less robust demand and colder weather," said CEO Jay Schottenstein.

Jack Daniel's Maker's Stock Tumbles—Blame Tariffs

Brown-Forman, the maker of Jack Daniel's whiskey and other alcoholic beverages, was among the S&P 500's biggest decliners Wednesday as the European Union hit back with retaliatory tariffs after 25% U.S. levies on steel and aluminum went into effect.