tariffs

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'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...

Trump Warns Harley-Davidson About Moving Work Overseas
Trump Escalates His Fight
With Harley-Davidson
the rundown
Jun 26, 2018 10:00 AM CDT

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...

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...

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...

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...

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...

China Hits Back at 'Regressive Behavior' by US

Beijing putting its own penalties in place against US in response to Trump's tariff hike

(Newser) - China's government said Friday it will retaliate for President Trump's tariff hike on Chinese goods by immediately imposing penalties of the "same scale" on American goods. The Commerce Ministry said it's also scrapping deals made with Washington in talks aimed at defusing a sprawling trade dispute,...

Report: Trump Has Approved Tough New Tariffs on China

Move raises fears of trade war

(Newser) - President Trump has approved a plan to impose punishing tariffs on tens of billions of dollars of Chinese goods as early as Friday, a move that could put his trade policies on a collision course with his push to rid the Korean Peninsula of nuclear weapons. Trump has long vowed...

Senators Move to Mend Relations With Canada

Lawmakers from both parties act after rocky G-7 meeting

(Newser) - Senators from both parties sought to mend a frayed relationship with Canada during a closed-door meeting Wednesday with Canadian Foreign Minister Chrystia Freeland. The meeting involving members of the Senate Foreign Relations Committee followed President Donald Trump calling Canadian Prime Minister Justin Trudeau "dishonest" and "weak" after the...

As Trade Talks Heat Up, China Makes an Offer

Country offers to buy $70B in US products in first year of deal

(Newser) - China is willing to buy up nearly $70 billion in US products like soybeans, corn, natural gas, crude oil, and coal in the first year of a deal if the Trump administration forgets about its threatened trade tariffs . Extending what Business Insider calls "a massive olive branch," Chinese...

Trudeau: Mike Pence's Demand Sank NAFTA Talks

French president Emmanuel Macron says Trump tariffs are a mistake

(Newser) - Justin Trudeau says he was ready to fly to Washington to make a deal on NAFTA—until Mike Pence made a demand that he had no choice but to reject. The Canadian prime minister says the vice president told him there would have to be a "sunset clause" guaranteeing...

New Tariffs on US Allies Called 'Dangerous'

The EU, Canada, and Mexico get hit

(Newser) - The delay is over . The Trump administration is announcing tariffs on steel and aluminum imports from the European Union, Canada, and Mexico, in a move sure to raise worries of a trade war. Commerce Secretary Wilbur Ross says there will be a 25% tariff on imported steel and a 10%...

Trump to China: We're Imposing Tariffs After All

White House plans to restrict Chinese investment and limit US exports to China

(Newser) - The Trump administration has renewed its threat to place 25 percent tariffs on $50 billion of Chinese goods in retaliation for what it says are China's unfair trade practices, the AP reports. The White House also said Tuesday that it would restrict Chinese investment into the United States and...

China, Japan Slam Trump Move on Auto Tariffs

Beijing will 'firmly defend' its rights

(Newser) - On Thursday, China and Japan both condemned the Trump administration's decision to launch an investigation into whether tariffs are needed on imports of vehicles and automotive parts into the United States. China's Commerce Ministry said Beijing would "firmly defend" its rights and interests against what it called...

Trump Delays Tariffs on EU, Canada, Mexico

Decision on steel imports will be postponed 30 days

(Newser) - The White House said Monday it would postpone a decision on imposing tariffs on US imports of steel and aluminum from the European Union, Canada, and Mexico for 30 days, avoiding the potential for a trade battle with Europe as the US prepares for tense trade talks in China this...

China Files WTO Complaint Over Trump's Tariff Hike

Says Trump's decision on aluminum, steel violates international trade rules

(Newser) - China has filed a World Trade Organization complaint challenging President Trump's tariff hike on imported steel and aluminum, the trade body said Tuesday. The tariff spat is one element of a wide-ranging trade dispute between Trump and Chinese President Xi Jinping's government. Trump also has threatened to increase...

White House Walks Back China Trade Penalty Threats

The administration softened its rhetoric Sunday amid fears of a trade war

(Newser) - President Trump's administration on Sunday appeared to back away somewhat from threats of tariffs on China as global fears of an escalating trade dispute continued to rattle world markets. Per the Wall Street Journal , officials noted that penalties are not imminent and that China would ultimately choose cooperation rather...

Trump Threatens China With a New $100B Hit

'This is what a trade war looks like'

(Newser) - "This is what a trade war looks like, and what we have warned against from the start," said National Retail Federation President Matthew Shay after President Trump threatened tariffs on another $100 billion in Chinese goods on Thursday. The White House says Trump has directed trade officials to...

Trade War Looms as China Hits Back at Trump Tariffs

Beijing targets 3 biggest US imports

(Newser) - China says it doesn't want a trade war—but it's not going to back down if President Trump starts one. After the Trump administration recommended new 25% tariffs on $50 billion in Chinese goods Tuesday, Beijing hit back within hours with its own proposed tariffs on 106 American...

US Proposes Tariffs on 1,300 Chinese Products

Chinese embassy in Washington condemns the move

(Newser) - The Trump administration is recommending 25% tariffs on $50 billion in Chinese imports to protest Beijing's alleged theft of American technology. The Office of the US Trade Representative has issued a list targeting 1,300 Chinese products, including industrial robots and telecommunications equipment. But the proposed tariffs wouldn't...

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