Slingshot News: ‘We’re Running Out Of Resources’: Mike Johnson Lies For His Master, Claims Trump Is ‘Bent Over Backwards’ Finding Money To Keep Government Funded [Video]
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Tag Archives: tariffs
Veuer: The US Car Market Is Crashing and Tariffs Might Be the Final Nail
American car manufacturers are facing an unprecedented downturn that is the worst in the last ten years. Sales have dropped dramatically after the post-pandemic buying in 2022 and 2023.
Industry analysts at Reuters warn this isn’t a typical cyclical dip but a structural shift that could reshape the entire automotive landscape. Dealership confidence has hit multi-year lows as inventory piles up and consumer demand evaporates across all vehicle segments.
In the end we might be saying, “Thank you, King Donald, for saving our automotive industry by destroying it.”
Business Insider: The UPS chaos shows tariffs have finally arrived on our doorsteps
- US consumers are feeling the pinch of tariffs on small orders shipping into the US.
- The tariffs are also complicating international shipping, customers are finding.
- Problems at UPS have compounded the issue, they say.
Wall Street Journal: EU Exports to U.S. Drop Sharply
Exports to the U.S. fell 26% on month in August and 22% on year
https://www.wsj.com/economy/trade/eu-exports-to-u-s-drop-sharply-4b8df211
https://www.msn.com/en-us/money/markets/eu-exports-to-u-s-drop-sharply/ar-AA1OAiNE
India Today: Trade War Erupts: Trump Slaps Massive 100% ‘Punishment’ Tariff On All Chinese Goods [Video]
This special report focuses on the escalating trade war between the United States and China, with former US President Donald Trump announcing a significant tariff hike on Chinese goods. According to reports cited in the bulletin, Donald Trump stated that ‘this 100% tariff will be applied on Chinese goods from the 1st of November’. This move comes as existing tariff relief measures are set to expire. The discussion, featuring insights from correspondent Pranay, explores the potential impact on both the US and Chinese economies, as well as global supply chains. The tariffs are seen as a pressure tactic by Trump ahead of potential meetings with Chinese President Xi Jinping at the APEC and ASEAN summits, and are linked to China’s control over the export of crucial rare earth minerals.
Trade War Erupts: Trump Slaps Massive 100% ‘Punishment’ Tariff On All Chinese Goods
This special report focuses on the escalating trade war between the United States and China, with former US President Donald Trump announcing a significant tariff hike on Chinese goods. According to reports cited in the bulletin, Donald Trump stated that ‘this 100% tariff will be applied on Chinese goods from the 1st of November’. This move comes as existing tariff relief measures are set to expire. The discussion, featuring insights from correspondent Pranay, explores the potential impact on both the US and Chinese economies, as well as global supply chains. The tariffs are seen as a pressure tactic by Trump ahead of potential meetings with Chinese President Xi Jinping at the APEC and ASEAN summits, and are linked to China’s control over the export of crucial rare earth minerals.
Markets Insider: The trade war is back: Stocks plunge on Trump’s ‘massive’ tariff threat
- Stocks plunged on Friday after Trump revived fears of the trade war with China.
- The president said he would consider a “massive increase” in tariffs on China.
- Investors are concerned that a trade deal with Beijing could be in jeopardy.
US stocks sold off on Friday as President Donald Trump threatened to revive the trade war with China. The S&P 500 saw its steepest loss since April.
In a post on Truth Social, the president said he believed China was “becoming very hostile” in trade talks, and that there now seemed like there was “no reason” to speak with China’s President Xi Jinping in South Korea as planned later this month.
The day was a painful reminder for investors that tariffs are still a threat to the market and the economy. Oil prices cratered in line with stocks, with brent and US crude prices down 4% on fears of weaker economic activity hitting energy demand. The 10-year Treasury yield dropped nine basis points to 4.05%.
“One of the Policies that we are calculating at this moment is a massive increase of Tariffs on Chinese products coming into the United States of America,” Trump wrote in a post on Truth Social, adding that there were “many other countermeasures” that were under “serious consideration” in the US.
Trump added that China’s desire to impose export controls on items like rare earth minerals would “clog” markets and “make life difficult for virtually every Country in the World.”
A finalized trade deal with China, one of the US’s largest trading partners, has been at the top of investors’ wish list after tariff anxieties sent markets plummeting earlier this year.
“President Trump is sparking risk-off sentiments in markets,” José Torres, a senior economist at Interactive Brokers, said in a note on Friday. “Investors are clamoring for safe havens as a heavy levy increase could weigh on corporate earnings and the economic outlook.”
“Trump’s actions against China this morning were the excuse the market needed to begin correcting,” Tom Bruni, the head of markets at Stocktwits, wrote in a note.
Stocks got a boost after Trump first reached a preliminary trade agreement with China in mid-May, which involved both nations lowering tariffs for a 90-day period that has since been extended. In the last extension, the US agreed to lower its tariff rate to 30% on goods from China, while China is levying a 10% tariff on US goods through November 10.
Money Talks News: American Households Face $2,700 Annual Cost From Trump Tariffs
American families will pay an average of $2,700 more annually due to President Trump’s new tariff policies. Research shows consumers have different tolerance levels for price increases depending on the product category and how businesses explain the hikes.
American Households Face $2,700 Annual Cost From Trump Tariffs
American families will pay an average of $2,700 more annually due to President Trump’s new tariff policies. Research shows consumers have different tolerance levels for price increases depending on the product category and how businesses explain the hikes.
Money Talks News: Trump’s Tariffs Set to Squeeze These 7 Popular Side Hustles
GoBankingRates: Trump’s Tariffs: How Much 5 Popular Items Have Increased in Price Since April
When President Donald Trump announced sweeping import tariffs in April, the move was expected to ripple through the economy. The impact is evident in the prices of everyday goods. According to the latest Consumer Price Index (CPI) data, consumer prices climbed 2.9% year-over-year in August. That’s above the Federal Reserve’s 2% inflation target.
Some categories have been less affected, but goods like coffee, bananas, televisions, toys and jewelry have seen sharp price hikes due to the tariffs. Here’s how much these five popular items have gone up since April.
Toys
Toys have been affordable over the years due to overseas manufacturing. However, tariffs has made toy prices jump 2.5% since April, according to CPI data. Near three quarters of the toys sold in the U.S. are imports from China, where many shipments now face up to 30% tariffs.
TVs
TV prices have been on a downward trend since the 1990s but with Trump tariffs they have risen 3.1% since April, per CPI data. Many TVs in the North American market are shipped from China, Vietnam and Mexico. Depending on the supplier, retailers can pay anywhere from 20% to 30%. If you’re in the market for a new TV, you may feel the pinch at checkout.
Jewelry and Watches
Luxury items have also been hit by the tariffs. And since the U.S. relies on imported jewelry components, jewelry and watch prices surged 5.5% in August, per CPI data. One of the reasons for the high spike is Trump’s 39% tariffs imposed on Swiss imports. Plus, India and Japan, major suppliers of diamonds and high-end mechanical watches were also hit with new tariffs.
Coffee
Your caffeine fix got a lot more expensive, with coffee prices jumping 9.8% since April, according to CPI data. While the 10% global tariffs is the major contributor, the U.S. also grows less than 1% of coffee, relying heavily on imports. Additionally, Brazil — which provides more than a third of America’s Arabica beans, according to Detroit News — was hit with a 50% tariff last month.
Bananas
Bananas, which have a long history of stability despite where the economy goes, saw a 4.9% jump in prices between April and August, per CPI data. Besides, almost all the bananas in the U.S. market come from central and south America.
Slingshot News: ‘They’ll Be Struggling’: Trump Owns Up To His Economic Failures, Admits Tariffs Will Destroy Farmers In Oval Office Signing Event
Donald Trump signed a batch of executive orders in the Oval Office several days ago. During his remarks, Trump admitted that farmers will be struggling due to his tariffs until the so-called “transition” is complete. Never learning from his past mistakes, Trump brought up the idea of bailing out farmers again.
‘They’ll Be Struggling’: Trump Owns Up To His Economic Failures, Admits Tariffs Will Destroy Farmers In Oval Office Signing Event
Donald Trump signed a batch of executive orders in the Oval Office several days ago. During his remarks, Trump admitted that farmers will be struggling due to his tariffs until the so-called “transition” is complete. Never learning from his past mistakes, Trump brought up the idea of bailing out farmers again.