Friday, May 30, 2025

Tag: Tariffs

First Sale Rule Gains Renewed Traction Amid New U.S. Tariffs

As tariffs rise, companies are revisiting the First Sale Rule to lower import duties, despite its strict requirements and paperwork.

China Imposes 75% Tariff on U.S. Plastic Imports Amid Trade Tensions

China imposes 75% anti-dumping tariffs on U.S. industrial plastics, escalating trade tensions amid a temporary truce with the U.S.

Powell Just Compared Today’s Risks to the 1970s Oil Crisis

Jerome Powell warns of prolonged high-interest rates, linking them to Trump's tariffs and potential supply shocks impacting the economy.

Brent Settles at $64.96 as U.S.-China Tariff Truce Boosts Market Optimism

Oil prices rise as U.S. and China agree to suspend tariffs, boosting market sentiment and crude prices. Brent at $64.96, WTI at $61.95.

Businesses Race to Import Ahead of Trump’s Tariffs, Breaking Trade Records

U.S. trade deficit hits a record high in March as imports surge before tariffs; growth expected to decline amid trade tensions.

That $12 Swimsuit? It’s $31 Now—Thanks, Tariffs

Chinese retailers Temu and Shein raise prices significantly due to new U.S. tariffs, impacting various product categories dramatically.

Six Days, Three Indexes, One Auto-Fueled Rally

U.S. stock market rises on optimism for a U.S.-India trade deal, with automotive stocks leading gains amid tariff adjustments.

Despite Weekly Losses, Oil Prices Rise for Second Straight Day Amid Trade Talk Hopes

Oil prices continued to rise on April 25, driven by trade talks between the U.S. and China, despite weekly losses for both benchmarks.

Bessent Sets Agenda for U.S.–Japan Trade Talks: No Yen Target, Just Tariff Strategy

U.S. Treasury Secretary Bessent outlines trade talks with Japan, focusing on tariffs and trade deficit, avoiding currency targets.

Markets Wobble After Three-Day Rally—Boeing Tumbles, Tesla Shrugs Off Chart Alarm

U.S. stock indices fell as concerns over Trump's tariffs lingered, while Tesla and Nvidia showed resilience despite market declines.

Wall Street Climbs for Second Day—Dow Up 312 Points, VIX Drops 17%

The New York stock market rises as Trump delays tariffs, easing investor anxiety, though mixed results emerge among major tech firms.

Trump’s Tariffs Could Wreck the Economy—Here’s Why Larry Fink Thinks So

Trump's tariff policies may push the U.S. economy into recession, warns BlackRock's CEO Larry Fink, citing ongoing market uncertainty.