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EU trade chief says U.S. not seeking deal to avert tariffs

By Philip Blenkinsop BRUSSELS (Reuters) – The Trump administration does not seem to be engaging in talks to avert trade conflict with the European Union, the EU’s trade chief said on Monday, two days before the United States is set to impose tariffs on all steel and aluminium imports. European Trade Commissioner Maros Sefcovic told […]

Weather

U.S. firms demand crackdown on tariff-evading Chinese importers

By Michael Martina and David Brunnstrom WASHINGTON (Reuters) – The U.S. needs tougher legislation to enforce trade laws and ensure criminal prosecution of Chinese government-subsidized companies that circumvent U.S. tariffs by shipping goods through third countries, U.S. companies said on Wednesday. Executives from a slate of mid-size industrial companies – including makers of steel pipes, […]

Weather

Tariffs could impact ‘most of the retail industry’ through 2025

The retail sector is facing challenges as tariffs on imports, particularly from Mexico, could increase prices for everyday items. Forrester Research retail analyst Sucharita Kodali joins Wealth host Madison Mills to explain the broader impact of these tariffs on the retail industry. “There’s question that it’s going to affect most of the retail industry through […]

Business & Finance

Stockpiling ahead of higher tariffs is a big mistake, experts say

Many consumers are rightfully concerned about escalating trade tensions. President Donald Trump on Saturday said he would impose 25% tariffs on goods from Mexico and Canada, and 10% tariffs on goods imported from China. He also signaled that tariffs on the European Union could be next. While Trump has agreed to halt the implementation of tariffs against Canada for at least 30 days […]

Business & Finance

China retaliates with additional tariffs of up to 15% on select U.S. imports starting Feb. 10

Jakub Porzycki | Nurphoto | Getty Images China unveiled a series of retaliatory measures against the U.S. on Tuesday, shortly after U.S. tariffs on Chinese goods kicked into effect, raising concerns of a broader trade war between the world’s two largest economies. China’s finance ministry said Tuesday it will impose additional tariffs of 15% on […]