President Donald Trump said Sunday that the U.S. will delay implementation of a 50% tariff on goods from the European Union from June 1 until July 9 to buy time for negotiations with the bloc.
President Trump told reporters he is ready to slap 50% tariffs on European Union products starting June 1 — and 25% tariffs on iPhones by the end of June.
It's a pattern in President Trump's chaotic tariff policy: he first suggests a high number, only to later ratchet it down. Business schools call it the 'anchor effect.'
Major chains are fighting two battles at once: a financial battle to keep costs low in the face of new tariffs, and a political one to avoid the president's wrath.
The home improvement chain broke from many other retailers, who say they cannot afford to absorb new tariffs. President Trump recently attacked Walmart for warning of price hikes.
Hollywood's plummeting film and TV production levels have studio executives and grassroots groups pushing for better incentives to keep business in California.
Jay Foreman, CEO of Basic Fun!, says the Trump administration's shifting tariff policy has created chaos for businesses — and could still disrupt the holiday season.
U.S. levies on Chinese goods will drop from at least 145% to 30% for an initial period of 90 days, while Chinese levies are set to fall from at least 125% to 10% on American goods.
The meetings between top U.S. and Chinese officials in Geneva represent the first potential efforts to end a trade war that has frazzled financial markets.
Trade negotiators from the U.S. and China are starting talks this weekend in Switzerland. These are the first high-level trade talks between the two countries since President Trump returned to the White House.
There's new tariffs on almost everything that is imported. Some of that increased cost is being eaten by exporters in other countries, but a lot of the higher prices are being picked up by Americans, who are seeing it in their receipts.
