tariffs

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Turkey Escalates Feud With US Via Tariffs

But the move is unlikely to have a big economic impact

(Newser) - Turkey said Wednesday it is increasing tariffs on some US products like cars, alcohol, and coal—a move that is unlikely to have much economic impact but highlights the deteriorating relations with the US in a feud that has already helped trigger a currency crisis. The Turkish government said tariffs... More »

US Ship Sailed in Circles for a Month Over Tariffs

The Peak Pegasus may finally be able to rest its wings

(Newser) - A soybean-laden US cargo shipped that was cheered on as it sped from Seattle to Dalian, China, in hopes of arriving before a 25% tariff went into effect on July 6 didn't just not make it. The Peak Pegasus spent a month sailing in circles while still carrying its... More »

SC Company Laying Off All but 8 Workers Over Tariffs

Element Electronics says it's trying to get the products off the list

(Newser) - As the China-US tariff volley continues—China on Wednesday announced a 25% tariff on an additional $16 billion worth of US goods in retaliation for our similar move, reports CNBC —the consequences have become real for one South Carolina company. The State reports TV-maker Element Electronics is citing the... More »

In Game of Chicken, China Announces $60B Tariff Plan

Warns US to expect countermeasure if US follows through with trade threat

(Newser) - As Trump administration officials mull a possible 25% tariff on $200 billion of Chinese goods—up from the original 10% tariff being bandied about—China is taking its own steps in the newest round of trade threats. Bloomberg and CNBC report on joint statements from China's Ministry of Finance... More »

Our $200B Threat Against China May Get Bigger

Bloomberg reports White House is considering an additional 25% tariff, not 10%

(Newser) - The US in early July hit $34 billion of Chinese goods with an extra 25% tariff; China responded in kind. CNN reports round two could see the US slap tariffs on another $16 billion in goods as soon as this week, but it's a much bigger figure that's... More »

GOP Senator on Latest Trump Threat: 'Let's Hope Not'

Ron Johnson pushes back over possible government shutdown

(Newser) - With President Trump tweeting about a possible government shutdown, Republican Sen. Ron Johnson appeared Sunday on CBS's Face the Nation with a little pushback: "I certainly don't like playing shutdown politics," he says, per the Hill . "I don't think it'd be helpful, so... More »

Trump's Tariffs Mean Pricier Coke

Hit on aluminum imports is one factor

(Newser) - President Trump's favored Diet Cokes will be climbing in price as a result of recently imposed tariffs. Coca-Cola says it's raising prices for several reasons, including new tariffs on aluminum imports. "We had to take with our bottling partners an increase [in prices] on our sparkling beverage... More »

Trump's Next Target: Auto Imports

They may be labeled a security threat

(Newser) - Having tangled with China on trade and angered US allies with steel tariffs, President Trump is primed for his next fight: autos. Trump's latest plan is to consider slapping tariffs on imported autos and auto parts—a move he says would aid American workers but that could inflate car... More »

US Just Ramped Up Trade War With China

White House announces another $200B in products to be hit with tariffs

(Newser) - The US-China trade war is here—and it's escalating rapidly. US authorities rolled out a list Tuesday of some $200 billion in Chinese goods that could be hit with 10% tariffs by September, Deutsche Welle reports. The list of more than 6,000 product lines includes food products and... More »

Trump's Tariffs Hit China, China Fires Back

But Asian markets weren't rattled by the tit-for-tat

(Newser) - The United States hiked tariffs on Chinese imports Friday and Beijing announced it was retaliating against American goods in a technology dispute between the world's two biggest economies that President Trump says he is prepared to escalate. Washington imposed 25% tariffs on $34 billion worth of Chinese imports, a... More »

China Slams US 'Blackmail' as Tariffs Loom

Beijing says it won't 'bow in the face of threats'

(Newser) - China rejected "threats and blackmail" ahead of a threatened US tariff hike , striking a defiant stance Thursday in a dispute companies worry could flare into a full-blown trade war and chill the global economy. A government spokesman says Beijing will defend itself if President Trump goes ahead Friday with... More »

Trump Directs New Heat to Harley-Davidson

Says White House working to bring foreign motorcycle companies to US

(Newser) - President Trump isn't letting up on Harley-Davidson: In another tweet on the subject, Trump expressed more frustration with the motorcycle-maker's decision to move some production overseas. "(My) Administration is working with other Motor Cycle companies who want to move into the U.S.," Trump wrote Tuesday.... More »

Why Canada Just Slapped a Tariff on US Yogurt

It's retaliatory, and it's political

(Newser) - Following in the footsteps of the EU , Canada announced billions of dollars in retaliatory tariffs against the US on Friday in a tit-for-tat response to the Trump administration's duties on Canadian steel and aluminum. Prime Minister Justin Trudeau's government released the final list of items that will be... More »

Automakers: New Tariffs Could Force Job Cuts

GM, others say proposed tax would come at a steep cost

(Newser) - General Motors joined a growing list of automakers and manufacturers warning against the White House’s proposal to place tariffs of up to 25% on imported cars, trucks, and auto parts, report PBS and the New York Times . In a filing with the Commerce Department, GM said that the tax... More »

'Extinction' Looms for America's Biggest Nail Manufacturer

Mid-Continent Nail says it was forced to raise prices due to the 25% tariff on steel

(Newser) - Mid-Continent Nail laid off 60 of its 500 workers on June 15, and says it could have to entirely halt production by Labor Day, reports CNN . Located in Poplar Bluff, Mo., the nation’s largest manufacturer of nails says that it was forced to raise prices due to the new... More »

Trump Escalates His Fight With Harley-Davidson

Warns the company about shifting work overseas

(Newser) - Harley-Davidson says it's shifting work overseas as a result of the trade fight going on between the US and Europe, and President Trump isn't taking the news lightly. In several tweets through Tuesday morning, the president criticized—and warned—the company. "A Harley-Davidson should never be built... More »

New Tariffs Force Harley-Davidson to Swallow $2K Per Bike

Will push production abroad to counteract new EU tariff

(Newser) - Harley-Davidson's foreign customers are important ones: International sales were up 12% in Q1, while the US saw a 0.2% decline, reports the Wall Street Journal . In an effort to preserve its good mojo abroad, the motorcycle maker on Monday announced that within 18 months it will be producing... More »

Turkey Strikes Back Against US Tariffs

Move hits $1.8B in American goods

(Newser) - Turkey is imposing tariffs on nearly two dozen US products, ranging from cars to sunscreen, to strike back at Washington's sanctions on imported steel and aluminum, the AP reports. According to documents filed with the World Trade Organization, Turkey will slap $267 million in tariffs on $1.8 billion... More »

EU's 'First Phase of Retaliation' Against US Launches Friday

The tariffs it threatened in March are on their way

(Newser) - The tariff tit for tat continues, with the EU set to put a wave of new tariffs against US exports into place on Friday. It's a response to the steel and aluminum tariffs that were imposed on the bloc three weeks ago , and the BBC characterizes the to-be-targeted exports... More »

Trump Quadruples Down on China Tariff Threat

'China apparently has no intention of changing its unfair practices'

(Newser) - President Trump directed the US Trade Representative to prepare new tariffs on $200 billion in Chinese imports Monday as the two nations moved closer to a potential trade war. The tariffs, which Trump wants set at a 10% rate, would be the latest round of punitive measures in an escalating... More »

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