Howard Lutnick, Trump and Commerce Secretary
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Trump, Lula and Brazil
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President Trump is reportedly pushing for higher blanket tariffs on imports from the European Union, throwing a wrench in negotiations ahead of an Aug. 1 deadline for sweeping duties to take effect. The Financial Times reported that Trump wants a minimum of a 15% to 20% tariff on EU goods as part of any deal.
A recent round of tariff threats has added a new layer of uncertainty, but the monthslong track record affords economists an opportunity to evaluate what the tariffs have yielded
America’s love for coffee has made the dark brewed beverage the most popular drink in the country. Here’s a look at US coffee-drinking habits and why your cup of coffee could be more expensive very soon,
President Donald Trump is readying plans for industry-specific tariffs to kick in alongside his country-by-country duties in two weeks, ramping up his push to reshape the US’s standing in the global trading system by penalizing purchases from abroad.
1don MSN
European exporters say a 30% U.S. import tariff would drive prices unsustainably high and hammer their sales. While some manufacturers are shifting their supply chains stateside or elsewhere, not all businesses have the same flexibility — and can't easily replace the developed U.
The Trump administration is imposing a substantial tariff on a raw material that is critical for electric vehicle batteries, which could significantly raise the cost of building EVs in the United States.
Hawaiian coffee farmers have a message for President Donald Trump: Steep tariffs on major exporters such as Brazil will end up hurting them, too.Hawaii at first glance might seem the obvious beneficiary of tariffs on coffee.
The average effective tariff rate has been around 16%, Morgan Stanley Wealth Management calculates, 5 times higher than the past average of 3%.