Trump Administration Tallies Trade Barriers That Could Prompt Tariffs
The Office of the United States Trade Representative released a report highlighting foreign trade barriers that could influence tariffs the president puts into effect this week.
It Is Happening Every Day, Every Where
The Office of the United States Trade Representative released a report highlighting foreign trade barriers that could influence tariffs the president puts into effect this week.
A White House trade adviser projected that tariffs would raise about $6 trillion over the next decade. But raising so much revenue for the government conflicts with the administration’s goal of reshoring manufacturing.
The Trump administration has discussed providing financial aid for farmers who may be subject to retaliation by America’s trading partners.
The president said he “couldn’t care less” if automakers rose prices in response to planned tariffs, reasoning that buyers would choose U.S.-made cars over foreign brands.
A region near the Canadian border, whose mines provide most of the new ore used in producing domestic steel — and cars — has a lot at stake as trade wars intensify.
Without advance notice to Canada, the U.S. president put the auto industry into turmoil with a 25 percent tariff.
The Federal Reserve’s preferred inflation measure showed underlying price pressures persisting in February.
Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.
The scale of the damage depends on the circumstances of each company’s supply chain.
The United States is a crucial export market for the German auto industry, which is already suffering from weak sales and increased competition from China.