The Trump administration is kicking off investigations into imports of pharmaceuticals and semiconductors as part of a bid to impose tariffs on both sectors on national security grounds, notices posted to the Federal Register on Monday showed. The filings set to be published on Wednesday set a 21-day deadline from that date for the submission […]
Donald Trump says Chinese-made smartphones and other electronics will not be exempt from tariffs – adding they are simply moving into a different levy “bucket”. European stock markets bounced up on Monday morning after Friday’s official announcement that some of these products would escape levies of up to 145%. China has called on Donald Trump […]
Stock futures rose Sunday after a temporary reprieve from tariffs on electronic imports from China by the Trump administration. Dow futures were up 0.5%, or 212 points. The S&P 500 futures rose 0.75%, while the tech-heavy Nasdaq Composite futures gained 1.26%, as of 6:18 pm ET. The Trump administration late Friday exempted electronic imports from […]
U.S. President Donald Trump on Sunday said he would be announcing the tariff rate on imported semiconductors over the next week, adding that there would be flexibility with some companies in the sector. The president’s pledge means that the exclusion of smartphones and computers from his reciprocal tariffs on China likely will be short-lived as […]
General Motors’ all-electric CAMI Assembly plant in Ontario is halting production of BrightDrop delivery vans, Unifor said Friday. Unifor is Canada’s largest private sector union, representing 320,000 workers. The company will initiate temporary layoffs starting April 14 and production will stall for three weeks, Mike Van Boekel, plant chair for Unifor Local 88, which represents […]
DETROIT — As President Donald Trump’s 25% tariffs on imported vehicles remain in effect despite a pullback this week on other country-based levies, analysts are expecting massive global implications for the automotive industry due to the policies. They’re expecting to see a drop in vehicle sales in the millions, higher new and used vehicle prices, and increased costs of […]
Americans are rarely this pessimistic about the economy. Consumer sentiment plunged 11% this month to a preliminary reading of 50.8, the University of Michigan said in its latest survey released Friday, the second-lowest reading on records going back to 1952. April’s reading was lower than anything seen during the Great Recession. President Donald Trump’s volatile […]
The 10-year Treasury yield climbed higher Friday, adding to its steep weekly rise, as dizzying trade moves by President Donald Trump caused investors to dump U.S. assets in favor of other global safe havens. The benchmark 10-year Treasury yield advanced 9 basis points to 4.486%. It earlier jumped to its highest level since Feb. 13. […]
Consumer price inflation eased more than expected in March as President Donald Trump prepared to launch tariffs against U.S. trading partners, the Bureau of Labor Statistics reported Thursday. The consumer price index, a broad measure of goods and services costs across the U.S. economy, fell a seasonally adjusted 0.1% in March, putting the 12-month inflation […]
There are a number alarming headlines flooding the news these days. President Donald Trump’s on-again off-again tariff announcements have sent the stock market on a rollercoaster and renewed fears of a coming recession among consumers and businesses alike. It’s understandable if your immediate response is to panic. “There’s no question that today’s headlines are coming at us very […]
President Donald Trump’s abrupt decision to reverse course on his sweeping tariff plan by announcing a three-month pause revealed his threshold for political pain: One week. “They were getting yippy,” Trump said, explaining the rising criticism raining down on the White House over the last week. “They were getting a little bit yippy, a little […]
The Nasdaq Composite climbed more than 12% for its second best day ever as markets clawed back after a rocky few trading sessions spurred by President Donald Trump’s wide sweeping tariffs. The tech-heavy index posted its best session since January 2001, when it rallied more than 14%. Stocks skyrocketed across the board Wednesday after Trump announced a 90-day pause on tariffs for some countries. […]
