#tariffs

#tariffs

Top U.S. and Chinese officials met in Malaysia on Saturday to lay the groundwork for a summit between Donald Trump and Xi Jinping, with some on Wall Street saying Beijing overplayed its hand by imposing draconian restrictions on rare earth exports. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held negotiations that the U.S. characterized as constructive. But sources told the Financial Times China was reluctant to ease the export controls.

REPORTER: (INAUDIBLE) PRESIDENT DONALD TRUMP: I don't know. They cheated on a commercial. Ronald Reagan loved tariffs, and they said he didn't. And I guess it was AI or something. They cheated badly. Canada got caught cheating on a commercial, can you believe it? REPORTER: Ontario says they're pulling that Reagan tariff ad this Monday for his airing it during his first two World Series games.

Juan Alvarado has owned a small shoe manufacturing business in Leon, Guanajuato, Mexico's shoe manufacturing capital, for more than 15 years. But the current trade and political tensions in US-Mexico relations, coupled with tariff-related disruptions, are forcing him to consider diversifying into other sectors or simply shutting down his business. Alvarado told Al Jazeera that he would typically employ up to 25 people, but he's had to cut that down to 15 now.

The average U.S. price of a pound of ground coffee hit $9.14 in September, a 3% increase from the August average of $8.87 and 41% higher than in September 2024, according to U.S. government figures. Coffee prices have been increasing sharply since the start of this year. Consumer prices for food purchased for home use and away from home were 3% in September compared to the same month a year earlier, the U.S. Labor Department reported Friday. The consumer price index, which measures a broader sample of all coffee products, including instant coffee, showed U.S. coffee prices up 19% from September 2024 and flat compared to August.

German sports car maker Porsche sunk to a third-quarter loss of almost €1 billion ($1.16 billion), the firm said Friday, as it grappled with the costs returning to petrol and delaying its electric vehicle (EV) rollout. Operating profit -- which strips out some costs such as tax -- fell to €40 million for the first nine months of the year. Porsche said in July it had made an operating profit of €1.0 billion since the start of the year,

Southeast Asia and its China Plus One' supply chain are feeling the fallout from the US trade war. Southeast Asia was one of the biggest winners from United States President Donald Trump's trade war with China in 2018, luring manufacturers to the region to avoid new tariffs on Chinese goods. It benefitted from investment, tax revenues and technology transfers that came with the expanding China Plus One supply chain concept.

When someone says, "Let's impose tariffs on foreign imports," it looks like they're doing the patriotic thing by protecting American products and jobs. And sometimes for a short while, it works - but only for a short time. But over the long run, such trade barriers hurt every American worker and consumer. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars.

Most investors treat tariff headlines like weather reports, something to grumble about and then ignore. On the other hand, Jim Cramer has never been shy about pounding the table when he smells a bargain and has his eye on two tariff-hit stocks. His logic is that if a good business is knocked down for a macro reason that does not touch its fundamentals, it's worth buying.

featuring former US President Ronald Reagan has set off new tensions between Washington and Ottawa, which already had icy relations over President Donald Trump's tariff policy. In a post on Truth Social on Thursday night, Trump claimed that the advertisement which shows Reagan, a fellow Republican, speaking negatively about tariffs as an economic policy was fake. He cited comments by the Ronald Reagan Foundation that described the clip of the former president used in the commercial as doctored.

"There's still the climate issue," said Fernando Maximiliano, coffee market intelligence manager at financial-services network StoneX. "These tariffs, they're an additional layer, but we can't ignore the main, structural factor, which is the tighter supply."

When the United States slapped a 241% tariff on Iranian pistachios nearly 40 years ago, it set the stage for one of America's biggest agricultural success stories. The trade barrier opened the door for small California farmers to build a new homegrown industry. Today, California supplies more than 60% of the world's pistachios, a significant portion of the global pistachio market that's worth an estimated $5.6 billion and projected to grow to over $7 billion by 2030.

S&P 500 futures rose 0.27% this morning, premarket, with indexes in Asia and Europe also broadly rising as traders savored strong economic growth in China, a new "pro-stimulus" government in Japan, and the prospect that President Trump may not be in a position to impose 100% tariffs on Beijing starting November 1. Investors are also increasingly convinced that the Fed's next rate cut is locked in.

[Trump] said, Whatever happened to Senator Rand Paul? He was never great, but he went really bad. I got him elected twice in the great commonwealth of Kentucky, but he just never votes positively for the Republican Party. He's a nasty little guy.' Welker said reading directly from the Truth Social post. Why do you think President Trump is targeting you, Senator?

It's Diwali season - a five-day period when Hindus around the world commemorate the triumph of light over darkness on the Indian subcontinent centuries ago. But the colorful Diwali celebrations held annually in Indian-American communities throughout the United States are more muted this year compared to the past. The reason? Prices on everything from saris to spices have skyrocketed since August 27.

In its Q2 earnings call, Ford reported top- and bottom-line beats with EPS of 37 cents versus expectations of 33 cents, and revenue of $46.94 billion versus $43.21 billion expected. That builds on the back of the company announcing that its saw its best first-quarter U.S. pickup sales in over 20 years while delivering $1 billion in EBIT. However, the company said it expects a $3 billion hit from Trump's tariffs by year's end, with the hopes of offsetting $1 billion of that figure.