Trump, Tariffs and inflation
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Recent data from the Labor Department has shown that the price of foreign exports to the U.S. — before tariffs — has held steady over the last few months. That means U.S. importers are absorbing most of the tariff burden.
South Africa urged G20 countries to show global and cooperative leadership to tackle challenges including rising trade barriers, as the club's finance chiefs met on Thursday under the shadow of President Donald Trump's tariff threats.
The US wants to crack down on Chinese goods in disguise — and Southeast Asian countries are caught in the crossfire.
Less than half of Trump 2024 voters, 46%, said they would support tariffs on China — one of America’s biggest trading partners — even if they lead to rising prices domestically. Around a third, 32%, said they would only support tariffs if they do not increase prices.
U.S. President Donald Trump said on Wednesday that he thinks China will begin sentencing people to death for fentanyl manufacturing and distribution.
Trump’s threats of secondary tariffs are “never going to go anywhere” as long as he is unwilling to impose costs on Moscow directly, Keir Giles, a senior fellow at the London-based Chatham House think tank, told NBC News Monday.
U.S. retailers and other importers that had largely halted shipments in May due to tariffs, resumed imports from China in June, amid truce.
From China generating power from ‘sea of death’ to how US president’s tariffs may pay for his bill, here’s a round-up from today’s coverage.