Donald Trump, Tariffs
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A slew of countries will face steep levies, including a 50% tariff on imports from Brazil and a 30% tariff on the European Union.
The Fed’s interest-rate decision, July jobs numbers, a key tariffs deadline, fresh inflation data, and earnings from big tech companies highlight a packed economic and corporate calendar this week. Investors will be watching for more trade deals ahead of the Friday deadline for tariffs regarding several leading U.
With the Trump administration setting 15% as a floor for tariffs, companies and economists are warning of higher prices later this year.
Making her product in the US is "definitely going to cost more," said one Amazon seller. But, it's peace of mind she's after.
The EU says its negotiators are working "might and main" on a deal, but the decision rests with US President Trump.
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The possibility of a 30% tariff this week “is a game changer,” said Dante Galeazzi, CEO and president of the Texas International Produce
Independent Can Company has raised prices twice this year already after Trump imposed 25% duties on steel in March, and then doubled them in June.
The Trump administration’s tariffs roughly break down into one of two categories. What do each of them mean for the global economy?
The European Union could hit the United States with counter-tariffs on 93 billion euros ($109 billion) worth of U.S. goods if the two sides fail to reach a trade deal by Washington's August 1 deadline for imposing import levies.
The hope, and the expectation, is that when U.S. officials meet their Chinese counterparts in Stockholm to talk economics and trade next week, they will build on a recent lessening of tensions as the U.S. tries to set up a fall meeting between the countries’ leaders and lay the groundwork for another loosely defined trade pact.
1hon MSN
How SLC’s latest move on its foreign-trade zone could help Utah businesses navigate Trump’s tariffs
The Salt Lake City-based World Trade Center, where the mission is to grow Utah companies through global networking and boosting international trade, is ramping up its visibility and the roster of companies that might make use of the zone.