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Trump Tariffs News

Apple criticizes Trump's tariffs as costly to production

In a letter to US trade representative Robert Lighthizer Apple claims that the Trump administration tariffs could both lower the company's economic output and put it at a disadvantage especially in relation to its Chinese competitors.

Op-Ed: Chief economic adviser contradicts Trump on China tariffs

Washington - President Trump’s top economic adviser admitted on Sunday that American companies and consumers would have to pay for new tariffs on Chinese goods -despite Trump repeatedly claiming China will be the country to bear the costs.

Mexico is reaping the rewards of the U.S.-China trade war

The Trump Administration’s trade war with China has turned out to be a windfall for another country the president frequently berates: Mexico. Many Chinese manufacturers have relocated to the country and Mexican exports to the U.S. surged in 2018.

Trump tariffs casting large shadow over European car industry

President Donald Trump recently threatened to slap a 25 percent tariff on European car imports, aiming to punish the E.U. for what Trump claims are “very tough” restrictions on U.S. goods.

Escalating trade war with China puts U.S. LNG exports at risk

China on Tuesday vowed to retaliate against the United States after President Donald Trump targeted another $200 billion in Chinese imports with tariffs starting next week, a move that puts the LNG industry at risk.

Trump tariffs hit U.S. lobster industry as China turns to Canada

Bangor - The American lobster industry is starting to feel the pinch of China's tariff on US seafood as exporters and dealers cope with sagging prices, new financial pressures, and difficulty sending lobsters overseas.

8.5 GW of solar energy procured by US utilities January to June

In the first six months of 2018, 8.5 GW of utility solar projects were procured even after President Donald Trump announced in January a 30 percent tariff on panels produced outside the US.

Electric scooter startups are about to run into Trump tariffs

As electric scooter-rental startups like Bird and Lime battle for market share on American streets, in a matter of days, the budding companies will be slammed with a slew of Trump tariffs.

Tenaris lays off Canadian workers as Trump steel tariffs bite

Sault Ste. Marie - Even as Canada's retaliatory tariffs go into effect today against President Trump's tariffs on steel and aluminum - a steel pipe manufacturer in Ontario is temporarily laying off 40 workers, according to a company spokesman.

From automakers to boat builders — everyone is against US Tariffs

General Motors has joined a growing list of automakers and other manufacturers warning against the White House’s proposal to place tariffs of up to 25 percent on imported cars, trucks, and auto parts because they pose a national security threat

Moody's: Tariffs on auto industry will have global impact

President Donald Trump's threat to slap 25 percent tariffs on any vehicles and auto parts imported into the United States would hurt nearly every group in the global auto industry, Moody's Investors Service warned Monday.

China's answer to trade war — Farmers told to plant soybeans

U.S. President Donald Trump may have bitten off more than he can chew - especially if he thinks the U.S. can beat China in a tit-for-tat trade war. Beijing has previous trade war experience and a lot of tactics at its disposal.

Despite tariffs, JinkoSolar will produce solar panels in US

New York City - Chinese manufacturer JinkoSolar Holding Co Ltd expects to start manufacturing solar panels at a new factory in Jacksonville, Florida, by the fourth quarter, and production will not be affected by the latest round of U.S. tariffs on Chinese products.

World Bank warns Trump tariffs could bring us back to 2008

A ramp-up in the pace and scope of tariffs could set the world back to 2008 in terms of global trade levels, the World Bank has warned.

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