Tag Archives: Customs (Tariff)

President Trump began his Wednesday with some advice for those rattled by his steep tariffs. “BE COOL,” Mr. Trump told his followers on social media after the markets opened. Just a couple of minutes later he wrote, “THIS IS A GREAT TIME TO BUY!!!” Hours after that, Mr. Trump sent the markets soaring when he paused the levies for 90 …

For the past week, President Trump has been urging calm in the face of the financial chaos that he created and resisting calls for him to rethink his approach. “I know what the hell I’m doing,” he told Republicans on Tuesday as the massive tariffs he had imposed sent global markets into a tailspin. “BE COOL!” he said in a …

President Trump on Wednesday dramatically reversed course on steep global tariffs that have roiled markets, upset members of his own party and raised fears of a recession, saying just hours after stiff levies went into effect on nearly 60 countries that he would pause them for 90 days. But the president did not back down on China and instead raised …

As new U.S. tariffs upended financial markets and sent foreign governments scrambling to respond, President Trump on Wednesday morning remained ebullient, posting at one point on Truth Social: “BE COOL!” “Everything is going to work out well,” he maintained amid the unfurling chaos. “The USA will be bigger and better than ever before!” For Mr. Trump, the reassurances offered a …

The timing was a bit awkward. Walmart’s investor event — which happens every two years and aims to showcase the company’s strengths and strategy for growth — also happened to fall on the same day that U.S.-imposed tariffs went into effect worldwide and a trade war heated up. As the largest retailer in the United States, Walmart relies on suppliers …

In Lesotho, the small southern African nation that is among the countries hardest hit by President Trump’s new tariffs, business owners were meeting on Wednesday to strategize their response. For a country with an economy worth just $2.1 billion, few options are on the table. Mr. Trump imposed a 50 percent tariff on Lesotho, owing to the trade deficit between …

Beijing on Wednesday aimed the latest blow in the escalating trade war between the United States and Washington, with plans to raise new tariffs on all American imports by 84 percent within hours. China’s Ministry of Finance announced that it would match a 50 percent tariff on all imports from China that President Trump announced on Tuesday with its own …

President Trump’s global tariffs have sent stock markets worldwide into a tailspin, and the S&P 500 on Wednesday was close to tumbling into bear market territory. Mr. Trump has seemed unmoved by the decline, signaling that he has no plans to back off on tariffs, insisting that they would bring in “billions of dollars” in revenue and that other countries …

The parallels between President Trump and Liz Truss, Britain’s shortest-serving prime minister, are growing starker. Ms. Truss triggered market turmoil in 2022 after she proposed sweeping tax cuts that she proposed to pay for with massive government borrowing. Ms. Truss was ultimately doomed by fears of a credit crisis after yields on British government bonds spiked. Now, yields on U.S. …

The European Union plans to vote on Wednesday afternoon on its first retaliation measures in response to President Trump’s tariffs, moving closer to placing increased duties on a range of manufactured goods and farm products that would take effect in phases starting next week. The list up for consideration is a slightly trimmed down version of one that was announced …