It Is Happening Every Day, Every Where
Walmart, the nation’s largest retailer, is just one of several companies that have said they will be forced to pass on the costs of President Trump’s global tariffs to consumers.
President Trump often takes maximalist positions, only to back down and declare a win. His opponents are catching on.
The chief executive of Carvana, which sells used cars online, said President Trump’s tariffs could help his company by increasing demand for its vehicles.
Slate Auto, a start-up backed by Jeff Bezos, plans to sell a small, spartan electric truck that comes with no paint, stereo or touch-screens.
The temporary lowering of tariffs may compel some U.S. businesses to order goods that they had held off buying after President Trump raised them to 145 percent.
President Trump’s triple-digit tariffs on Chinese products disrupted global trade — but haven’t appeared to result in major concessions from Beijing.
The agreement to lift the 25 percent duty on steel exported to the United States provided some relief for struggling businesses, but uncertainties for the industry remain.
The Trump administration could use the investigation to impose new tariffs on imported planes, jet engines and other aerospace parts.
A day after Trump called the European Union’s top official “so fantastic,” she and Germany’s chancellor emphasized a desire to negotiate on tariffs.
The president said reducing tariffs to 80 percent from the current 145 percent “sounds right,” as U.S. and Chinese negotiators prepare to meet in Switzerland.