On Thursday morning, Tim Cook, Apple’s chief executive, woke up to the worst day for his company’s stock in five years. Apple shares fell more than 9 percent in response to President Trump’s plan to […]
Tag: Customs (Tariff)
How Countries Reacted to Trump’s Tariffs
Here is how some of the United States’ key trading partners responded on Thursday to President Trump’s stiff new tariffs: China: The Commerce Ministry in Beijing vowed countermeasures against the sweeping new tariffs, which it […]
Europe Has Economic Power. Can It Use It Against Trump’s Tariffs?
The European Union, taken as a whole, is America’s biggest trading partner. That makes President Trump’s fresh tariffs especially painful for the 27-nation bloc — but also gives it a uniquely large amount of economic […]
Nintendo Delays Switch 2 Preorders, Citing Trump’s Tariffs
The Japanese video game company Nintendo said on Friday that it would delay preorders for its new console, the Switch 2, in the United States because of the tariffs imposed by President Trump. The Switch […]
Powell Warns Trump’s Tariffs Risk Stoking Even Higher Inflation and Slower Growth
Jerome H. Powell, the chair of the Federal Reserve, warned that President Trump’s tariffs risk stoking even higher inflation and slower growth than initially expected, as he struck a more downbeat tone about the outlook, […]