Tag: Tariff
Apple has the chance to be a $1.5 trillion behemoth, analyst says
Apple's valuation can approach the $1.5 trillion level, Wedbush analyst Daniel Ives said in a bullish note.
Trump is pulling the US out of an obscure 144-year-old treaty to take a shot at China in the trade war
President Donald Trump pulled the US out of the Universal Postal Union treaty, a 144-year-old postal agreement with 192 member countries. The target of the move appeared to be Trump's new rival: China.
Trump’s trade war is starting to whack car companies like Ford, Honda, and BMW
President Donald Trump's tariffs on steel and Chinese goods are starting to impact the bottom line of major automakers like BMW, Ford and Honda. BMW exports form South Carolina have taken a dip following the China tariffs, while Ford and Honda are losing millions from the steel tariff.
Ford’s sales in China collapsed 43% in September amid Trump’s trade war and an economic slowdown
Ford's sales in China dropped by 43% in September compared with the same month in 2017. The drop was attributed to a combination of Ford's restructuring, a slowing Chinese economy, and the growing US-China trade war.
Trump’s favorite report card for the trade war keeps getting uglier
The US trade deficit increased in the month of August due to a nosedive in exports, especially soybeans. The trade deficit with Canada also increased. President Donald Trump has made the reduction of the trade deficit one of the key goals of the tariffs and trade war policy.
One of Trump’s top economic advisers said the Goldman Sachs research team looks like ‘the Democratic opposition’ because of their cr...
Kevin Hassett, the chairman of the White House Council of Economic Advisers, took aim at the Goldman Sachs research team over their analysis about the stock market impact of President Donald Trump's all-out trade war threats against China.
Trump gave a wild revisionist history about one of the biggest mistakes of Great Depression-era tariffs
President Donald trump said the Smoot-Hawley tariffs of the 1930s were passed because the US needed money to come back into the country again. But most economists agree that the Smoot-Hawley tariffs were a disaster and may have made the Great Depression worse.
Trump lashes out at ‘babies’ complaining about tariffs, which he says led to the massive new trade deal with Canada and Mexico
President Donald Trump attacked those complaining about the economic impact of tariffs, including members of Congress, calling them "babies." Many economists say the tariffs will harm the US economy.
Trump says he rejected a meeting with Canadian Prime Minister Justin Trudeau amid an increasingly hostile NAFTA fight
President Donald Trump confirmed he turned down a meeting with Canadian Prime Minister Justin Trudeau. Trump claimed the reason for the rejection was Trudeau's unwillingness to back down in NAFTA renegotiations. Trump also took a swipe at Chrystia Freeland, Canada's Minister of Foreign Affairs.r
Trump claims the trade war with China has had ‘absolutely no impact on the economy’
President Donald Trump claimed that the new tariffs on steel, aluminum, and Chinese products are not harming the US economy despite evidence that many US small businesses are feeling the squeeze.