Dozen states sue the Trump administration to stop tariff policy
The lawsuit said the policy put in place by President Donald Trump has been subject to his “whims rather than the sound exercise of lawful authority.”
trade
Articles
Stocks continue rally as China tariff cut considered
President Trump told reporters Tuesday that he planned to be “very nice” to China in any trade talks, and that tariffs would drop if the two nations were able to reach a deal.
Wall Street, dollar tumbling again as investors retreat further
Hanging over the market are worries about President Trump’s anger at Federal Reserve Chair Jerome Powell for not cutting interest rates to help give the economy more juice.
Secondhand retailers poised to benefit if tariffs drive up new clothing costs
Price hikes may drive cost-conscious shoppers to online resale sites, consignment boutiques and thrift stores in search of bargains or a way to turn their wardrobes into cash.
Lilly promises to make weight-loss pill in United States in reshoring push
By making the expected blockbuster pill in the U.S., Lilly may be able to avoid the impact of Trump’s sweeping tariffs, including possible levies on pharmaceutical products.
Cecil Bohanon and John Horowitz: If the trade policy ain’t broke, don’t fix it
That U.S. manufacturing capacity and output have declined is fake news.
Mickey Kim: ‘Liberation Day’ marked death of era of globalization
According to economic theory, when trading partners are free to produce the goods each does best, both partners benefit.
Tariffs create uncertainty for merger and acquisition activity
The impact of the tariffs also has extended to merger and acquisition activity, with M&A attorneys trying to keep pace with Trump’s starts, stops and pauses.
E-commerce sites Temu, Shein say they’re raising prices due to tariffs
Temu, which is owned by the Chinese e-commerce company PDD Holdings, and Shein, which is now based in Singapore, said in separate but nearly identical notices that their operating expenses have gone up “due to recent changes in global trade rules and tariffs.”
California to sue in effort to stop Trump from imposing sweeping tariffs
The lawsuit will argue that enacting such tariffs requires approval from Congress.
As Trump considers auto tariffs pause, parts exemptions could be key for industry
Though Trump says his tariffs are intended to bolster U.S. auto manufacturing, automakers aren’t able to reconfigure their sourcing in short periods of time, experts say.
Irish pharma exports to United States surge amid tariff threat
It was the second straight sizable increase, suggesting that U.S. drug makers with Irish manufacturing hubs like Indianapolis-based Eli Lilly and Co. could be stockpiling products ahead of any tariffs on the sector.
Trump considers exceptions for auto parts facing 25% U.S. tariffs
President Donald Trump said he is exploring possible exemptions to his tariffs on imported vehicles and parts to give auto companies more time to set up U.S. manufacturing.
Commerce chief: New electronics tariff exemptions are temporary, chip tariffs coming
Sparing electronics was expected to benefit big tech companies like Apple and Samsung and chip makers like Nvidia, though the uncertainty of future tariffs may rein in an anticipated tech stock rally on Monday.
Manufacturers struggle with uncertainty amid tariff chaos
The fallout has been most pronounced for companies that buy or sell from China, but even those that do business with other countries say international buyers are treading carefully.
China hits back, will raise tariffs on American goods from 84% to 125%
The United States’ top imports from China, meanwhile, include electronics such as computers and cell phones, industrial equipment and toys.
White House starts trade negotiations, but tensions are high with China
Markets swooned Thursday as investors realized that the president is not backing away from a confrontation with Beijing.
Trump pauses tariff hikes on most nations for 90 days, raises taxes on Chinese imports
Trump said more than 75 countries that were set to face “reciprocal tariffs” have been involved in negotiations and would see their levies paused or lowered to 10 percent for 90 days, also effective immediately.
Trade war escalations spark bond sell-off as companies worry about economy
U.S. Treasury bonds sold off Wednesday as a global trade war escalated, with the Trump administration’s harshest tariffs yet drawing swift retaliation from China and the European Union.
Trump launches tariff barrage, but stresses desire to cut deals
World leaders and business executives are bracing for higher tariff rates that took effect at 12:01 a.m. Wednesday.