Tag #Tariffs

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Senate Republicans Face Pressure Over Trump's Canada Tariffs

The Senate votes on a resolution to overturn President Trump's declaration of a national emergency to impose tariffs on Canada, testing Republican loyalty as Democrats warn of economic damage and Republicans highlight fentanyl trafficking.

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nbcnews.com
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New U.S. Tariffs on Chinese Auto Parts to Increase Prices for American Consumers

New 25% U.S. tariffs on Chinese auto parts, in addition to existing tariffs, will likely raise prices for American consumers, according to Chinese suppliers who say they cannot afford to move production to the U.S. and will pass the increased costs along.

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zeit.de
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Boehringer Ingelheim's 2024 Revenue Up 6.1%, Faces US Tariff, Regulatory Challenges

Boehringer Ingelheim reported a 6.1% increase in 2024 revenue (€26.8 billion), driven by strong sales of Jardiance and Nexgard, while investing €6.2 billion in R&D and facing potential US tariff impacts and regulatory hurdles in Germany.

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theglobeandmail.com
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BlackBerry Stock Drops Despite Strong Earnings on Tariff, Spending Cut Concerns

BlackBerry's stock fell 17.7 percent Wednesday despite exceeding fourth-quarter earnings expectations due to concerns about the impact of potential US tariffs and government spending cuts on its automotive software (QNX) and secure communications businesses; the company lowered its QNX revenue forec...

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politico.eu
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EU Weighs Retaliatory Tariffs on U.S. Services

Facing President Trump's reciprocal tariffs, the European Union is considering targeting U.S. services, including Silicon Valley and Wall Street, to retaliate, wielding its net import position of U.S. services as leverage, a significant escalation of the ongoing trade war.

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cnn.com
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Trump's Tariff Announcement Expected to Trigger Global Economic Uncertainty

President Donald Trump will announce new tariffs on imported goods on Wednesday, potentially causing a global economic crisis by increasing prices and disrupting international trade relations; this action is rooted in his long-held belief in protectionism.

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cbsnews.com
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Trump to Announce "External Revenue Service" for Tariff Collection

President Trump is considering launching an "External Revenue Service" to collect tariffs on low-value goods from China, potentially impacting American consumers with increased costs and raising questions about efficiency and bureaucratic overlap, as part of a broader trade strategy.

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foxnews.com
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Trump's "Liberation Day" Tariffs Face Republican Opposition

President Trump announced "Liberation Day," a plan for reciprocal tariffs on goods imported from countries with closed markets, aiming to boost domestic business and create jobs; however, his former Vice President's organization opposes the plan, arguing it will harm American consumers and businesse...

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foxnews.com
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Trump Tariffs Cause Stock Market Dip, But Long-Term Outlook Remains Positive

President Trump's new import tariffs caused a 10% stock market drop, but this follows a pattern of temporary downturns followed by substantial long-term growth under his pro-business policies, including deregulation, tax cuts, and increased foreign investment.

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npr.org
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US Sugar Tariffs: Protecting Producers, Harming Consumers

High U.S. sugar prices, nearly double the global average due to import limits imposed since the Cuban revolution, benefit domestic producers but harm candy makers and other sugar users; this illustrates how trade barriers protect some at the expense of others.

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edition.cnn.com
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Trump's Impending Tariff Announcement Creates Global Economic Uncertainty

President Trump will announce new tariffs on Wednesday, potentially impacting global markets and raising consumer prices; his advisors offer various plans, while some Republicans express concern.

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us.cnn.com
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Trump's Looming Tariff Announcement Sparks Economic Uncertainty

President Trump, flanked by Kid Rock in the Oval Office, hinted at a sweeping tariff announcement for Wednesday, potentially impacting global markets and raising concerns among economists and some Republicans about its economic consequences.

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