Trump Imposes 35% Tariff on Canada Imports
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China, Marco Rubio and Asia
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China has been a fierce critic of sweeping U.S. tariffs that Trump announced on April 2. He later delayed the implementation of most but China, which has said it will respond with its own tariffs on U.S. imports, now faces a deadline next month to negotiate a deal.
US apparel imports from China have plunged dramatically since April – and fashion companies plan further reductions.
U.S. seaport operators are asking for extra time to implement pending tariffs on towering ship-to-shore cranes as they expect President Donald Trump's administration to follow through on a promise to essentially ban that vital cargo-handling equipment.
The global car industry has grappled for months to navigate the Trump administration’s trade war. That gives Swamy Kotagiri, CEO of Magna International, the largest auto-parts manufacturer in North America,
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President Donald Trump this week extended his “Liberation Day” tariff pause again and sent nearly a half dozen letters to trading partners announcing new tariff rates for their countries. The
The value of apparel imports from China to the U.S. fell in May to its lowest monthly level in 22 years, according to latest trade data, highlighting the impact of steep U.S. tariffs.
Trump has warned that if any country introduces retaliatory duties, Washington would increase its tariff rates. Tokayev's comments suggest that like other countries, Kazakhstan will seek to get a deal with the U.S. over the line in the next three weeks.
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Sabrin Chowdhury, head of commodities research at BMI, says that there is a huge shortage of copper ore in China at the moment so any rerouting of Chilean copper ore originally heading to the U.S. would be good for China in the short-term,
Relying on Asian suppliers is no longer a safe bet for many factories in Mexico. Companies are racing to change, and they are being encouraged by the government.
Trump said this week that there would be no new extensions granted for the August 1 deadline. Market pros tell BI where they see winners and losers.