Trump is no stranger to tariffs. He also launched a trade war during his first term in office, but has more sweeping plans now. Economists stress there could greater consequences on businesses and economies worldwide this time — and that higher prices will likely leave consumers footing the bill.
President Donald Trump granted U.S. automakers a short reprieve from stiff new tariffs on imports from Mexico and Canada this week.
The latest comments from Commerce Secretary is a sudden backing away after Tuesday’s tax hike hurt the stock market.
This year, a North Texas company called MP Materials will become the first in a generation to make rare-earth magnets in the U.S.A.,
The stock market surged on Wednesday after the Trump administration granted automakers a one-month exemption from tariffs imposed a day earlier. The Dow Jones Industrial Average closed the trading session up nearly 500 points, or 1.1%, while the S &P 500 also jumped 1.1%. The tech-heavy Nasdaq increased nearly 1.5% on Wednesday.
Shares of automotive manufacturer General Motors (NYSE ... particularly for affected automakers entangled in the trade war. Markets had projected potential disruptions to the supply networks ...
President Donald Trump is promising a manufacturing rebound as he threatens steep tariffs on foreign imports, but critics warn those policies could have the opposite effect.
President Donald Trump’s trade wars threaten to claim a casualty on the home front: the American auto industry.
President Donald Trump is giving US automakers a brief delay on tariffs imposed against Canada and Mexico as trade war tensions escalate and concerns rise domestically about the economy. The pause was confirmed at a news briefing by White House Press Secretary Karoline Leavitt on Wednesday,
President Donald Trump is granting a one-month exemption on his new tariffs on imports from Mexico and Canada for U.S. automakers.
Trump granted a one-month exemption to 25% tariffs on vehicles and auto parts traded through the North American trade agreement ... of automakers Ford, General Motors and Stellantis, the White ...