President Trump’s rapidly escalating trade war with China has resulted in eye-watering tariffs on products exchanged between the countries and scrambled prospects for many global businesses that depend on the trade. And there is no […]
Tag: Customs (Tariff)
What Is a Bear Market? Are We in One?
President Trump’s global tariffs have sent stock markets worldwide into a tailspin, and the S&P 500 on Wednesday was close to tumbling into bear market territory. Mr. Trump has seemed unmoved by the decline, signaling […]
As Tariffs Hit, Americans Are Racing to Buy Car Seats, iPhones and Christmas Gifts
Emily Moen, a coffee shop manager in Omaha, was scrolling through TikTok earlier this week when she came across a video informing her that President Trump’s tariffs could lead to higher prices for essential baby […]
Bessent Takes Tricky Center Stage as Trade Wars Roil U.S. Economy
The traditional gathering of former Treasury secretaries to welcome a newly minted one into the fold is usually a lighthearted and pleasant affair. But when the group convened this month, on President Trump’s “Liberation Day,” […]
Lesotho Has Few Options to Counter 50% U.S. Tariffs
In Lesotho, the small southern African nation that is among the countries hardest hit by President Trump’s new tariffs, business owners were meeting on Wednesday to strategize their response. For a country with an economy […]