Trump floats possibility of tariff rebate checks
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Volkswagen, Tariff Hit
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WASHINGTON, July 25 (Reuters) - U.S. President Donald Trump is unlikely to follow through on his threat to place 100% tariffs on countries that buy Russian oil because it would worsen politically-damaging inflation pressures and his similar threat against buyers of Venezuelan oil has had limited success, especially in China.
Trump’s so-called reciprocal tariffs are scheduled to go into effect on August 1 after a 90-day delay—just as American families begin back-to-school shopping—and could hike up the cost of consumer goods imported from other countries.
It’s quiet ... a little too quiet,” writes Mark Haefele, chief investment officer of UBS Global Wealth Management.
Brazil is scrambling to avert punishing 50% U.S. tariffs in a week's time, but high level talks are stalled and U.S. companies are reluctant to confront U.S. President Donald Trump over the issue, officials and industry leaders say.
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Back-to-school shopping is kicking off earlier than usual as families rush to stock up and avoid potential tariff impacts. New data shows two-thirds of U.S. parents have already started buying supplies for the upcoming year.
Trump said the U.S. will impose a 15% tariff on Japanese imports under the agreement, which he hailed as "maybe the largest deal in history."
Brazil’s inflation edged up in early July as US President Donald Trump threatened to slap the South American nation with punishing tariffs, further complicating the consumer price outlook for the central bank.
In a way, Intel just reported its best quarter in years. But given the harsh realities the chip maker is facing, that’s no longer enough. Strong shipments of personal computers by manufacturers lookin
A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.
In early August last year, Bangladesh witnessed a mini-revolution which saw the ouster of long-serving leader Sheikh Hasina and the installation of Nobel Peace Prize winner Muhammad Yunus as an interim leader.
U.S. President Donald Trump's August 1 deadline for trade partners to sign deals or face hefty tariffs is fast approaching, and investors are playing it cool. Stocks are near record highs and volatility is low,