Two articles detail the impending implementation of new tariffs by the Trump administration. One explains how the duties, set to take effect imminently, could drive up prices in the auto sector and elsewhere, while the other highlights preemptive consumer buying before expected hikes. The reports underscore mounting economic uncertainty amid shifting trade policies.
Stocks fell premarket as President Trump set to announce tariffs on nearly all trading partners, with futures for major indices indicating a lower market open.
For several weeks, President Donald Trump has been trying to rally his supporters behind his so-called reciprocal tariffs, which he says will rectify years of unfair trading practices.Read more...
US senators led by Graham and Blumenthal propose harsh sanctions: a 500% tariff on goods from nations buying Russian oil, gas, and uranium, plus a ban on US Russian debt purchases, to force Moscow to negotiate an end to the Ukraine war.
Global stocks slide as investors await Trump’s tariff announcement amid trade uncertainty. Tech stocks lead losses while central bankers warn tariffs could spike inflation and risk global growth, fueling market caution worldwide.
Stocks dropped premarket as President Trump was set to announce tariffs on nearly all trading partners on “Liberation Day,” with futures indicating a lower open.
Trump’s tariffs hurt lower-income Americans most, cutting disposable income by up to 5.5% in a 20% tariff scenario with retaliation, while higher earners’ income drops by 2.1% relative to their earnings, though they pay more in dollars. Overall, tariffs worsen inflation’s impact on vulnerable households.
Puget Systems expects graphics cards, network controllers, storage controllers, chassis, and coolers to see major price increases in the coming months. Eventually, it will have to pass on the cost to its customers, though in the near term it may absorb some of the added costs.
President Trump declared April 2, 2025, "Liberation Day," marking a USA rebirth with new tariffs and a break from outdated systems—both in trade and technology, critiquing stubborn reliance on things like Windows 11.
Trump’s recent trade move signals prolonged global uncertainty. Tariffs could reach 33%, and expected retaliations leave businesses struggling with long-term planning amid shifting policies and mixed signals about future trade stability.
India considers lowering taxes on agricultural products like almonds and cranberries.
Indian refiners are seeking alternatives to Russian crude amid US threats of 25% secondary tariffs if Moscow delays a Ukraine ceasefire, forcing India—a heavy importer reliant on discounted Russian oil—to diversify its supply routes.
Close to one in five shoppers have already made a purchase ahead of possible tariff-related price hikes.
It’s the end of the world as we know it, but investors seem to feel (mostly) fine, judging by the stock market.Read more...
Mortgage rates have held fairly steady despite economic turmoil. But that could all change soon.
Mercedes is considering ending U.S. sales of entry-level models like the small GLA SUV due to tariffs, which could push the brand toward luxury vehicles and boost U.S. automakers' competitive edge.
President Donald Trump’s long-awaited reciprocal tariffs will be “effective immediately” after he announces them on Wednesday, according to the White House.Read more...
Automakers, including General Motors (GM), are beginning to report solid first-quarter sales as the industry prepares for President Donald Trump’s new tariffs. Ford Motor Co. (F) is the exception so far. Read more...
When President Donald Trump threatened tariffs on Mexican imports, many in the food industry feared disruptions to their supply chains.Read more...
President Donald Trump has dubbed April 2, the day many of his major tariffs will take effect, "Liberation Day," but the reality of the situation will be a lot less grandiose everyday people.
It looks like the Trump administration is about to make companies pay a lot more to import their vehicles and parts into the U.S. That’s likely going to drive up prices for Americans looking for new cars.Read more...
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