Trump's tariffs will reduce the competitiveness of US manufacturing and reduce manufacturing employment. They're raising the costs of production to US manufacturing companies.
Donald Trump's tariffs are all about trying to cut the country's trade deficit, but any gains made here are likely to be wiped out by losses in international investments in the short-to-medium term.
World shares are generally higher after most stocks on Wall Street fell following a disappointing report that said inflation was worse last month at the U.S. wholesale level than economists had expected.
Given that one of the purported architects of President Trump's tariff policy is Commerce Secretary Howard Lutnick, your father and the former Chairman and CEO of Cantor Fitzgerald, LP, the firm's actions raise obvious conflict-of-interest and insider dealing concerns.
Retail and technology consulting company Coresight Research estimates that back-to-school spending from June through August will reach $33.3 billion in the U.S., a 3.3% increase from the same three-month period a year ago.
The 30% tariffs imposed by the United States on South African exports pose a serious threat and risk harming key export industries that depend heavily on the U.S. market.
The Trump administration made changes to its tariff policy, adjusting rates on many countries where bicycles and e-bikes are produced, effective August 7th.
Seiko has created the Dark Pepsi GMT in partnership with Pepsi, which will be released in September alongside another model. Both watches are limited to 7,000 units and feature distinct designs tied to the iconic 'Pepsi' brand. The SRPL99 will retail for $395, while the SSK047 will be priced at $550. If you missed the pre-order phase, expect to find these watches on reseller sites at higher prices.
Shares of the US footwear company Crocs have slumped by almost 30% after it warned of falling sales because of tariffs, super cautious US consumers and signs that fashion's ugly shoe trend is coming to an end.
Payne emphasized the positive economic developments during Trump's presidency, citing how Tim Cook announced a $600 billion investment in the U.S., creating 450,000 jobs.
As one of the leading policy experts at the Canadian Chamber of Commerce, Chan has become a reluctant face of crisis: trade shocks, economic headwinds, and geopolitical curveballs that threaten the foundation of Canadian manufacturing. Steel and aluminum tariffs are back-having doubled from 25 percent to 50 percent in June-and once again, they're rattling Canadian companies.
