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Tariffs

Trade showdown

Why a comment on a tariff exemption application could make or break business

by Kai Ryssdal and Phoebe Unterman
Jul 31, 2018
As the Department of Commerce continues to grant and reject steel tariff exemption applications, we check back in with Sam Desai in South Plainfield, New Jersey, whose company makes parts for appliances. He shares his frustration with how objection comments can derail an exemption application. That frustration is also familiar to Kate Karol, counsel at […]
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Business is booming in Texas, but so is uncertainty

by Andy Uhler
Jul 31, 2018
Want to know how tariffs are impacting the U.S.? Look at the Lone Star State.
The Deer Park Shell Manufacturing Complex in Deer Park, Texas.
BRENDAN SMIALOWSKI/AFP/Getty Images
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What CEOs are saying on earnings calls this month

by Amy Scott
Jul 30, 2018
The execs are stuck between tariffs and shareholders right now. They’re hoping you will save them.
People walk by the New York Stock Exchange in the financial district of Manhattan in 2012.
Spencer Platt/Getty Images
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Sen. Pat Toomey: Congress is a "helpless bystander" when it comes to tariffs

by Tracey Samuelson
Jul 26, 2018
"It's gotten to the point where a president can, in complete compliance with the law, invoke national security and slap tariffs on our closest allies and friends," Toomey said.
A view of the U.S. Capitol.
Brendan Hoffman/Getty Images
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In a trade war, China has weapons in its arsenal beyond tariffs

by Scott Tong
Jul 25, 2018
The American semiconductor titan Qualcomm found itself in the crosshairs of the US-China trade spat when its mega deal — as in $44 billion dollars — to buy a Dutch chip-maker has cleared every global regulatory approval required — except in China. With no approval from China in sight and a deadline looming at midnight tonight, Qualcomm […]
Qualcomm CEO Steve Mollenkopf speaks during a press event at the Mandalay Bay Convention Center for the 2014 International CES on January 6, 2014 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, runs from January 7-10 and is expected to feature 3,200 exhibitors showing off their latest products and services to about 150,000 attendees.
Justin Sullivan/Getty Images
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For U.S. companies, costs are rising. This is how tariffs work.

by Kimberly Adams
Jul 25, 2018
General Motors shares tumbled Wednesday as the company cited rising steel and aluminum costs as one reason for a smaller profit forecast. GM is not alone. Whirlpool, Coca-Cola and others are starting to tell the story of pain from the steel and aluminum tariffs in earnings reports, price projections and CEO interviews. None of this […]
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Trade showdown

Trump says U.S., EU are aiming for "zero tariffs"

by Associated Press
Jul 25, 2018
WASHINGTON — President Donald Trump met today with top European Union officials amid concerns of a growing trade dispute between the two economies over automobiles. During the meeting, European Union Commission President Jean-Claude Juncker told President Donald Trump that the EU and U.S. are partners and allies, “not enemies,” and must work together at the […]
U.S. President Donald Trump and European Commission President Jean-Claude Juncker, left, give a statement in the Rose Garden of the White House in Washington, D.C., today.
SAUL LOEB/AFP/Getty Images
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Can the government offset the costs of its trade fight?

by Andy Uhler
Jul 25, 2018
The Department of Agriculture announced a $12 billion aid package on Tuesday for farmers impacted by U.S. trade disputes. The money would go to pork, soybean and dairy farmers among others who have been slapped with retaliatory tariffs in response to President Donald Trump’s tariffs on foreign goods. But how much can the government do […]
Hank Keizer selects cattle to bring into the milk barn on his farm June 29, 2005 near Delavan, Wisconsin. The $12 billion aid package would go to dairy, soybean and pork farmers.
Scott Olson/Getty Images
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Trump plans emergency aid to farmers affected by his tariffs

by Associated Press
Jul 24, 2018
However, the funding may need to be approved by Congress and the aid would be temporary.
A farmer named Terry Davidson walks through his soy fields in Harvard, Illinois on July 6 — the same day China imposed retaliatory tariffs aimed at the US soybean market.
DEREK R. HENKLE/AFP/Getty Images
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Your foreign car may be as "Made in America" as a Chevy

by Jed Kim
Jul 24, 2018
Tariffs against car parts would impact all vehicles, even ones widely recognized to be American.
Justin Sullivan/Getty Images
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