President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other nations that would go into effect on Aug. 1.
The Trump Administration’s tariffs are taking a toll on toys.
Canada is retaliating against some U.S. trade policies.
Retail sales fell sharply in May as consumers pulled back from a spending surge early this year to get ahead of President Donald Trump’s sweeping tariffs on nearly all imports.
The Trump Administration’s 50% steel tariffs have threatened to make everything containing steel more expensive.
China’s trade negotiator says the U.S. and China have agreed on a trade framework.
President Donald Trump announced Wednesday that the United States will get magnets and rare earth minerals from China under a new trade framework and that tariffs on Chinese goods will total 55%.
U.S. stocks remain in limbo on Tuesday as the wait continues to hear what will come of trade talks underway between the United States and China.
U.S. imports from China are dropping at a rate not seen since the start of the pandemic.
U.S. stocks are nearly stuck in place on Monday as the world’s two largest economies begin talks on trade that could help avoid a recession.
