EU, Mexico Condemn Trump's 30% Tariff Threat
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Manufacturers and importers are storing more product in foreign trade zones and bonded warehouses to avoid Trump’s tariffs and preserve cash.
While investors feel like they may understand Trump's negotiating tactics by now, tariffs could soon show up in earnings and economic data, Mike Wilson said.
Since re-entering office, President Trump has announced a barrage of tariffs to try to rewire the global economy.
1don MSN
Plus, the Justice Department has subpoenaed 20 doctors and clinics involved in “performing transgender medical procedures on children.”
Canadian companies are boosting trade with allies other than the U.S. and with smaller markets to minimize economic damage from President Donald Trump's tariffs, government data shows.
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.
For most world leaders, tariff letters from US President Donald Trump mean a big headache. But for one Southeast Asian general, the communique is being spun as welcome recognition of the embattled, isolated and reviled junta he leads.
The president’s supporters portray him as a top dealmaker. But, at least for now, far more trading partners have gotten stiff tariffs than trade deals.