tariffs
(Reuters) – Top executives at many U.S. companies are preparing for the impact from President-elect Donald Trump fulfilling his campaign promise of raising tariffs, a move that could disrupt supply chains and worsen inflationary pressures. Here is what major companies and C-suite executives have said on tariffs: Company Commentary Tesla…
By Nia Williams (Reuters) – Canada’s energy industry does not expect U.S. President-elect Donald Trump’s broad plans for protectionist trade measures will include tariffs on Canadian oil imports, because many U.S. refineries rely on barrels from north of the border. Some Canadian oil industry participants saw Trump’s election as a…
Trump’s tariff threats may boost Chinese exports as importers rush to beat tariffs.Trump’s proposed tariffs could lead to increased global manufacturing activity temporarily.Asian countries may face negative export growth if the US targets trade deficits with tariffs. US President-elect Donald Trump may be good for China’s export business — at…
By Amy Lv and Tony Munroe BEIJING/SINGAPORE (Reuters) – China’s steel industry, already struggling with overcapacity and weak domestic demand, faces an indirect hit if U.S. President-elect Donald Trump pursues 60% tariffs on Chinese goods such as manufactured items made from the alloy. The world’s largest steel producer and exporter…
By David Shepardson, Norihiko Shirouzu and Ben Klayman WASHINGTON (Reuters) – Automakers are bracing for President-elect Donald Trump to impose new tariffs on vehicles from Mexico and potentially from other countries and to reverse many existing pro-electric vehicle policies, industry associations and executives said. Trump has said he plans to…
(Reuters) -Donald Trump’s return to the White House after winning the Nov. 5 U.S. presidential election may reshape American business. Much depends on whom he appoints as deputies and cabinet members, including the role of Tesla (NASDAQ:) CEO Elon Musk, and what tariffs he enacts. Following are some major issues and…
Regulators and politicians expect Donald Trump’s second term to have a major impact on global trade.During his first term, Trump imposed tariffs on key industries in both Europe and China.Europe could be hit harder this time if Trump renews his protectionist policies, analysts told BI. The world has woken up…
SHANGHAI (Reuters) -China has told its automakers to halt big investment in European countries that support extra tariffs on Chinese-built electric vehicles, two people briefed about the matter said, a move likely to further divide Europe. The new European Union tariffs of up to 45.3% came into effect on Wednesday…
By Philip Blenkinsop BRUSSELS (Reuters) -The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile investigation that has divided Europe and prompted retaliation from Beijing. Just over a year after launching its anti-subsidy probe, the European…
By Nick Carey PARIS (Reuters) -Chinese and European automakers went head-to-head at the Paris car show on Monday, with tensions running high as the EU gears up to impose hefty import tariffs on Chinese-made electric vehicles and the industry struggles with weak demand. This year’s event – the largest car…
