Tag Archives: Customs (Tariff)

President Trump and his supporters have clashed with mainstream economists for years about the merits of tariffs. Now, the world will get to see who is right, as the president’s sweeping levies on automobiles and auto parts play out in a real-time experiment on the global economy. In Mr. Trump’s telling, tariffs have a straightforward effect: They encourage companies to …

There is no doubt the tariffs that President Trump said he would impose on imported cars, trucks and auto parts next week will raise prices by thousands of dollars for consumers. What is not clear is how soon those increases will kick in, how high they will go and which models will be affected the most. The tariffs — 25 …

The tariffs on cars and auto parts that President Trump announced on Wednesday will have far-reaching effects on automakers in the United States and abroad. But there will be important differences based on the circumstances of each company. Tesla The company run by Mr. Trump’s confidant, Elon Musk, makes the cars it sells in the United States in factories in …

President Trump said on Wednesday that he would impose a 25 percent tariff on cars and car parts that were imported into the United States, a move that could encourage U.S. auto production over the longer run but is likely to throw global supply chains into disarray and raise prices for Americans who buy an automobile. The tariffs will go …

President Trump said on Monday that he would crack down on countries that bought Venezuela’s oil by imposing tariffs on goods those nations sent into the United States, claiming that Venezuela has “purposefully and deceitfully” sent criminals and murderers into America. In a post on Truth Social, the president said countries that purchased oil or gas from Venezuela would be …

Ahead of President Trump’s next big trade move, his administration invited companies to weigh in on the economic barriers they faced abroad. The list of complaints was both sprawling and specific. In hundreds of letters submitted to the administration in recent weeks, producers of uranium, shrimp, T-shirts and steel highlighted the unfair trade treatment they faced, in hopes of bending …

President Trump fueled new speculation this week about a meeting with China’s top leader, Xi Jinping, when he told reporters that Washington needed to be cleaned up to prepare for a summit between the two leaders in the “not too distant future.” Mr. Trump provided no details, and China has said nothing publicly about any such meeting. The stakes of …

Presidents usually do all they can to avoid recessions, so much so that they avoid even saying the word. But President Trump and his advisers in recent weeks have offered a very different message. Yes, a recession is possible, they have said. Maybe one wouldn’t even be that bad. Howard Lutnick, the commerce secretary, has said Mr. Trump’s policies are …

For the second time this week, President Trump has threatened to disrupt trade with a close ally for retaliating in a trade war that he started — a tactic that could lead to compromise, or to economic spats that spiral further out of control. On Thursday morning, Mr. Trump tried to cow the European Union into submission, threatening in a …

President Trump has called the word tariff “the most beautiful word in the dictionary.” He imposed hefty tariffs during his first term and promised expansive new ones as he pursued his second. On his first day back in the White House in January, he issued an executive order directing his cabinet picks to prepare even more tariffs. In the first …