tariffs

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Walmart: Always Low Prices... Unless Tariffs Increase

Higher tariffs = higher prices, Walmart warns

(Newser) - Walmart warned on Thursday that higher tariffs on imports from China will mean higher prices, the AP reports. The comments came after the nation's largest retailer reported its best sale performance at its established US namesake stores for the fiscal first quarter in nine years. It marked 19 straight...

The US Response to China's Tariff Move? Go Bigger

US Trade Representative's Office targets $300B of goods from China that could be hit

(Newser) - Retaliation is coming fast and furious: After China on Monday announced tariff hikes on $60 billion of American goods, US officials put out a list of $300 billion of Chinese goods that could be subject to a tariff hike—on top of the $200 billion of imports that will see...

Dow Plummets 700 Points After China Makes Its Move

Beijing announced $60B in tariffs on US goods on Monday

(Newser) - Investors around the world were waiting to see how China would respond to the new US tariffs put into place last week, and Monday morning brought the answer: Beijing will raise tariffs on about $60 billion worth of imports from the US, reports the Wall Street Journal . The move came...

Kudlow Concedes China Tariffs Will Cost US Consumers

Chief economic adviser contradicts Trump

(Newser) - President Trump's chief economic adviser contradicted his boss Sunday on tariffs placed on imports from China by the US. The president had said that China will bear the cost. On Fox News Sunday, host Chris Wallace pressed Larry Kudlow, saying the cost of tariffs is passed on to US...

'Big Shock to Economy' Predicted as Tariffs Kick In

China has promised 'countermeasures'

(Newser) - The trade war is heating up: China said Friday it "deeply regrets that it will have to take necessary countermeasures" after the tariff hikes threatened by President Trump kicked in at 12:01am. American and Chinese negotiators met in Washington, DC, Thursday but were unable to reach a deal...

US-China Relations Just Got Much Worse

Officials accuse Beijing of backtracking on commitments

(Newser) - US-China relations took another hit Monday after American officials accused Beijing of backtracking on trade commitments—and confirmed that the US will go ahead with the tariff hikes threatened by President Trump . "Over the course of the last week or so we have seen an erosion in commitments by...

Trump Threatens China
Trump Threatens China
May 5, 2019 5:30 PM CDT

Trump Threatens China

China talks are slated to resume in Washington this week

(Newser) - President Trump turned up the pressure on China on Sunday, threatening to hike tariffs on $200 billion worth of Chinese goods, the AP reports. Trump's comments, delivered on Twitter, came as a Chinese delegation was scheduled to resume talks in Washington on Wednesday aimed at resolving a trade war...

Trump to Delay China Tariff Hike
Trump Extending
China Tariff Deadline
Feb 25, 2019 12:01 AM CST

Trump Extending China Tariff Deadline

Cites 'substantial progress' in weekend talks between the two countries

(Newser) - President Trump said Sunday he will extend a deadline to escalate tariffs on Chinese imports, citing "substantial progress" in weekend talks between the two countries, the AP reports. Trump tweeted that there had been "productive talks" on some of the difficult issues dividing the US and China, adding...

As Deadline Nears, Trump May Meet With China's Xi

Trade war escalates in a month if 2 sides can't strike a deal

(Newser) - It's nearly crunch time for US and Chinese negotiators hoping to avoid a big escalation in the trade war, and it now appears that President Trump and Xi Jinping will meet face-to-face just before a crucial deadline. The Wall Street Journal reports that China has floated the idea of...

Trump Launches 2nd Round of Payments to Farmers

He cites 'unjustified trade retaliation'

(Newser) - President Trump has authorized the Agriculture Department to launch the second and final round of $11 billion in trade mitigation payments to farmers hard hit by tariffs. In a tweet on Monday, Trump said he is fulfilling a promise to protect farmers against "unjustified trade retaliation by foreign nations....

Trump Issues New Threat in Wake of GM Closures

Says 25% tariff on imported cars 'is being studied now'

(Newser) - In the wake of General Motors' restructuring and layoffs, President Trump has followed up his threat to slash GM subsidies with a suggestion of new auto tariffs. If the 25% US tariff on small truck imports was also applied to imported cars, "many more cars would be built here...

'Trade War Now a Reality' After Latest Moves by China, US

China imposes new tariffs on $60B of US imports, accuses US of 'trade bullyism'

(Newser) - China imposed new tariff hikes on US goods on Monday and accused Washington of bullying, giving no sign of compromise in an intensifying battle over technology that's weighing on global economic growth. The General Administration of Customs said it started collecting additional taxes of 5% and 10% on a...

Billionaire's Plan to Create 1M US Jobs Killed by Trade War

Jack Ma of Alibaba says 'this promise can't be completed'

(Newser) - Take your pick as to which of these statements from Alibaba founder Jack Ma is gloomier: He's going back on his pledge to create 1 million US jobs , and the US-China trade war that he blames for that plan's undoing is one that he believes could last two...

Amid Tariff Hikes, Beijing Appeals for Free Trade

'It is essential that we uphold the basic principles of multilateralism and free trade'

(Newser) - China's No. 2 leader appealed Wednesday for support for free trade and promised to improve conditions for foreign companies following tit-for-tat US and Chinese tariff hikes in an escalating battle over Beijing's technology policy. Premier Li Keqiang's comments add to Beijing's effort to portray itself as...

Trump Fires Another Shot in China Trade War

He slaps tariffs on another $200B in goods

(Newser) - The Trump administration will impose tariffs on $200 billion more in Chinese goods starting next week, escalating a trade war between the world's two biggest economies and potentially raising prices on goods ranging from handbags to bicycle tires. The tariffs will start at 10%, beginning Monday of next week,...

Trump's Trade War Hits the Lobster Business

Layoffs and lagging prices damage the industry

(Newser) - 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, the AP reports. China is a major buyer of lobsters, and it imposed a heavy tariff on...

China Has Stopped Accepting Applications From US Firms

Business group says it is retaliation for tariffs

(Newser) - Amid a worsening tariff battle, China is putting off accepting license applications from American companies in financial services and other industries until Washington makes progress toward a settlement, a business group says. The disclosure Tuesday is the first public confirmation of US companies' fears that their operations in China or...

Ford: Trump Is Wrong About Impact of Tariffs

'This car can now be BUILT IN THE USA,' he said

(Newser) - Ford says it isn't going to shift production of the Focus Active from China to the US, despite President Trump's thoughts on the matter. Trump boasted in a tweet Sunday that new tariffs on Chinese imports had forced the automaker to abandon plans to sell the Chinese-made Focus...

July Held Bad News for US Trade Deficit

It increased $4.4B, set records in dealings with China and EU

(Newser) - The US trade deficit widened for the second straight month in July, reaching the highest level since February, as imports hit an all-time high. The deficit in goods with China and the European Union set records, reports the AP . The Commerce Department said Wednesday that the deficit in goods and...

US to Start Paying Farmers $4.7B for Trade War Losses

Soybean growers will get the most relief

(Newser) - Starting next week, farmers who have taken a financial hit because of trade disputes between the US and other countries can apply for government assistance. The White House will dole out $4.7 billion in direct aid to help make up for their reduced profits, reports Bloomberg . Most of that,...

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