Trump, tariffs
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Trump, China agree to slash tariffs for 90 days
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You may be aware that President Donald Trump’s global tariff war will see Americans paying more for consumer goods, but have you considered the cost of services will also rise? According to a February report from Insurify,
The National Auto Parts Industry (INA) reported that 92% of the Mexican auto parts sector will escape new tariffs from the United States.
Chinese imports to the U.S. dropped to their lowest levels since the pandemic as punishing tariffs began to take hold in March.
Ford Motor has hiked prices on three of its Mexico-produced models effective May 2, becoming one of the first major automakers to adjust sticker prices following U.S. President Donald Trump's tariffs.
A new U.S.-China agreement to pause sky-high tariffs on each other is pressuring manufacturing hubs such as Vietnam and Mexico to make their own, better deals with the U.S. to continue benefiting from a "China-plus-one" strategy by global producers.
Tuesday’s report could provide an early read on how Trump’s duties will affect the prices Americans pay for necessities.
Trade at Chicago’s O’Hare International Airport and New York’s JFK International Airport each increased more than 100% from the previous March, according to U.S.
China and the U.S. agreed to end their recent tariff battle temporarily and restart stalled trade between the two countries.
Overall, the US government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier.
A U.S.-China tariff pause is pressuring manufacturing hubs like Vietnam and Mexico to secure better trade deals with the U.S. to maintain their competitive edge. These nations risk losing momentum in attracting companies seeking alternatives to China,
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