Thursday, July 10, 2025

Tag: Tariffs

Tesla Tanks $68B as Musk Unveils New Political Party

The New York stock market declines after Trump imposes tariffs on South Korea and Japan, with Tesla losing $68 billion in value.

U.S. to Hit 90 Countries With Tariffs—Unless They Make a Deal Fast

The U.S. plans to notify trading partners of tariff rates as Trump favors simpler deals over complex negotiations.

Trump Rules Out Tariff Extension, Warns Japan Could Face 35% Rates

Trump announces no extension on tariff suspension, warns Japan tariffs could rise to 30-35% amid uncertain trade negotiations.

Trump’s Trade Tactics: Letters to All Nations on Tariffs

Trump plans to end the grace period for tariffs, sending letters outlining trade deficits and imposing tariffs on imports.

Rare Earths at the Center as U.S.–China Trade Talks Restart in London

U.S. and China resume trade talks focusing on rare earth exports, aiming to ease tensions after recent tariff disputes.

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.