The company said the Trump administration’s tariffs to increase raw material costs in the remainder of 2018 by about $100 million to $200 million. But it expects to offset much of those increased costs with price increases.
The data underlying the 4.1% second quarter GDP growth suggest the economy may be even stronger than it looks.
“A Federal Housing Finance Agency staffer accused FHFA Director Watt of repeatedly making inappropriate sexual advances when she tried to discuss career and salary concerns,” Politico reported Friday.
“He’s nowhere in autonomous driving, as far as I can tell, and big competition is coming in his space next year,” Eisenman told Bloomberg.
“I don’t think it is a stupid fight to say China should not be able to come in an steal the future of American industry,” U.S. Trade Representative Robert Lighthizer said in a heated exchange.
“This bolsters Trump’s argument that being tough and aggressive–and, yes, using tariffs where required–can get you to the negotiating table,” Kudlow said.
“Mr Trump is the US first president for more than 40 years to bash China on three fronts simultaneously: trade, military and ideology,” writes the head of the European Council on Foreign Relations.
Dow Jones reported that the European Union had agreed to import more U.S. soybeans, to work on ways to import more U.S. natural gas, and to lower industrial tariffs.
Establishment trade economists appear to be united in both their contempt for Donald Trump’s tariffs and their ignorance that it is rooted in standard trade theory.
Tax cuts boosted profits although metals tariffs raised the cost of raw materials.
One reason Democrat politicians talk a lot about inequality may be that Democrat-dominated states have much higher levels income disparity.
In another tweet, Trump said that tweet that his administration’s trade policies were getting other countries to cut new deals with the U.S.
The shortfall was mostly due to the weakness in Europe, Middle East, Africa businesses, CEO Marc Bitzer said on Monday.
Bloomberg reports that Toyota may stop importing some models into the U.S. if the American government raises auto tariffs.
President Donald Trump took aim at Amazon Monday morning, raising the possibility that the company could face antitrust legal problems and accusing it of using the U.S. Post Office as a “delivery boy.”
“There’s no question that the weakening of the currency creates an unfair advantage for them,” Mnuchin said.
Despite the chatter about trade war and currency war on Wall Street, the U.S. stock market was unshaken.
“Tightening now hurts all that we have done,” Donald Trump said in a tweet Friday.
“Global debt markets are flashing a bullish signal on America’s economic trajectory, leaving Europe and emerging markets in the dust,” Bloomberg reports.
In breaking with the Rubin Rule, Trump is harkening back to the tactics of President Ronald Reagan, a frequent Fed critic.
China has historically not had as open of a market, and that needs to change,” Blackstone president and Chief Operating Officer Jonathan Gray said Wednesday.
Manufacturers say they are worried about tariffs and the tight labor market. But consumers are not feeling the bite of rising costs.
“I believe China wants to make a deal. But–in so far as we know–president Xi, at the moment, does not wish to make a deal,” Kudlow said
“The administration has said it is going for broadly lower tariffs, if that happens, that’s good,” Powell said.
Shares down 14 percent after the company signed up a little more than half of the number of new subscribers that it forecast.
Elon Musk wants to be a groundbreaker in China. Instead, he may end up being broken by China.
Although wealthier consumers appear to be deeply concerned over tariffs, the overall expectations index improved in early July, rising to 86.4 from 86.3, according to the survey.
Jamie Dimon, the bank’s chief executive, said that trade war talk was more about “psyche” than “economics.”
Inflation-adjusted wages were flat for the second month in a row.
“U.S. families’ high dependency on Chinese products is the Achilles’ heel of U.S. trade policy,” the Global Times wrote in a editorial Wednesday.
Saudi Arabia met Donald Trump’s demands for more oil, hiking its output in June to the highest level since 2016.
BMW spokesman Ken Sparks told the Herald-Journal of Spartanburg the company’s new deal with China won’t affect Spartanburg production.
“Unfortunately, China has not changed its behavior – behavior that puts the future of the U.S. economy at risk,” U.S. Trade Representative Robert Lighthizer said in a statement announcing the new tariffs.
“Small business owners continue to report astounding optimism as they celebrate strong sales, the creation of jobs, and more profits,” said NFIB President and CEO Juanita Duggan.
Experts said American industries that use imported metals were going to suffer under tariffs. Instead, they added 27,000 new jobs in recent months and wages for workers are rising.
