Finance News – Tariff
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UK economy grows faster than expected in June
The recent official statistics indicate a positive shift in the UK’s economic performance, with output increasing in June and contributing to overall quarterly growth despite previ...
Read Full Article →Walmart's 10% employee discount now includes most groceries amid tariff pressures
Walmart has broadened its staff savings to cover nearly all grocery items, aiming to alleviate the impact of increased costs caused by tariffs on both employees and overall expense...
Read Full Article →Metro navigates tariff headwinds with supplier deals, posts 9% profit growth
Despite challenges from increased vendor costs influenced by tariffs, Metro’s strategic agreements with suppliers contributed to a 9% rise in its overall profitability this period.
Read Full Article →What tariff price predictions got right, and what they got wrong
While certain costs have increased, the overall impact on prices has been less severe than expected, highlighting both accurate and inaccurate aspects of earlier tariff cost foreca...
Read Full Article →‘Focus on being a DJ’: Trump mocks Goldman Sachs chief after warning
David Solomon’s caution about potential economic risks from tariff policies highlights concerns in financial markets about the impact of trade decisions on growth and investor conf...
Read Full Article →Investors double down on September Fed cut after CPI
Following the release of inflation data, market participants increased their expectations for a Federal Reserve rate reduction in September, reflecting anticipated moderate effects...
Read Full Article →There’s ‘no evidence’ of tariff inflation, top Trump aide says. Is he right?
According to a recent consumer price report, while a senior Trump economic advisor denies tariff-related inflation, some data suggests tariffs may have had a modest impact on overa...
Read Full Article →Trump hiked Canada's tariff rate to 35%, but just who’s paying it remains a mystery
Despite an increased tariff rate of 35%, the financial impact on Canadian exporters is limited due to the broad application of trade exemptions under the CUSMA agreement.
Read Full Article →Is tariff inflation finally here? Consumer prices might show biggest increase of the year.
Recent data indicates a notable rise in consumer costs, reflecting potential economic impacts linked to ongoing trade policies and suggesting that previous forecasts about inflatio...
Read Full Article →Are you getting a $600 tariff rebate check? What to know as Trump, senator float the idea.
Lawmakers are considering proposals that could provide consumers with direct payments aimed at offsetting recent tariff-related expenses, potentially impacting household budgets an...
Read Full Article →How Apple’s Tariff Strategy Could Affect Your Next iPhone Upgrade
Apple’s substantial investment in U.S. manufacturing may lead to changes in production costs and supply, potentially influencing the price and timing of future iPhone purchases for...
Read Full Article →The week ahead: U.S. inflation data to test stocks as some investors brace for rally to pause
Upcoming U.S. inflation figures, releasing soon, are expected to influence stock market movements as investors assess whether recent gains may slow amid ongoing economic pressures.
Read Full Article →Trump declares 100% computer chip tariff unless firms build in the US
The proposed measure would significantly impact the electronics industry by imposing full tariffs on imported computer chips, encouraging domestic manufacturing and potentially alt...
Read Full Article →Apple’s stock gains as new announcement with Trump could help its tariff problem
Investors responded positively to Apple's recent commitments to expand manufacturing efforts, anticipating that these actions may lead to reduced tariff expenses and potentially im...
Read Full Article →Tariff showdown shatters once robust populist alliance between Trump and Modi
The escalating tariff dispute between the United States and India risks disrupting trade relations, potentially impacting economic growth and investment opportunities for both coun...
Read Full Article →Swiss investors return from a holiday to face the Trump tariff music.
Swiss financial markets experienced declines as investors resumed trading, responding to the impact of a newly imposed 39% tariff on American goods affecting import dynamics.
Read Full Article →Ford warns its tariff hit will grow to $2 billion, offers downbeat guidance
Ford Motor Co. informed investors that increased import duties are expected to result in a substantial financial impact, prompting the company to reaffirm its cautious projections...
Read Full Article →Federal Reserve Holds Key Interest Rate Steady as Central Bankers Weigh Tariff Effects
The decision to maintain the benchmark interest rate reflects ongoing considerations about how trade policies may impact economic growth and inflation trends in the United States.
Read Full Article →Bessent says 'not to panic' over tariff rate surges on Aug. 1
The upcoming increase in tariff rates on August 1 is expected to impact trade costs and market stability, prompting concerns among investors and businesses despite official attempt...
Read Full Article →Trump announces 25% tariff on India plus 'penalty' for trade with Russia
The newly introduced 25% tariff on imports from India represents a slight decrease from the previous rate, potentially impacting trade dynamics and economic relations between the c...
Read Full Article →5 foods that could get a lot more expensive very soon
The upcoming August 1 tariff deadline may lead to substantial increases in the cost of several essential grocery items, impacting household budgets and overall food expenses.
Read Full Article →Trump threatens a 25% tariff on India and digs in on Aug. 1 deadline for new deals
The proposed 25% tariff on India could impact trade relations and economic exchange, reflecting ongoing negotiations and tensions regarding fair treatment and partnership between t...
Read Full Article →Wells Fargo joins Wall Street chorus in lifting S&P 500’s annual target
Wells Fargo raised its forecast for the S&P 500, highlighting the impact of postponed tariffs and robust company profits on market expectations for the year ahead.
Read Full Article →Tariff Stimulus Checks Coming? New Proposal Seeks Tax Rebates for U.S. Workers
A recently introduced bill aims to provide $600 tax rebates to qualifying workers as compensation for tariff-related expenses, potentially impacting government spending and househo...
Read Full Article →Trump imposes 25% tariff on India plus ‘penalty’ over ties to Russia
The new US duties on Indian imports, combined with additional charges related to its transactions with Russia, could significantly affect trade volumes and economic relations betwe...
Read Full Article →Mercedes sees profits slump by more than half amid US tariff turmoil
Mercedes-Benz projects substantially lower earnings and revenue for the current year, reflecting the impact of ongoing tariff challenges affecting its financial performance in the...
Read Full Article →Trump Threatens India With 25% Tariff, Plus 'Penalty' on Aug. 1
The potential introduction of increased tariffs and additional fees by the United States could impact trade dynamics and economic relations between the two countries starting in ea...
Read Full Article →Posthaste: Canadian businesses cautiously optimistic as they absorb tariff challenges
Approximately 70 percent of Canadian companies have fully borne additional import expenses, resulting in an average financial impact of about $9,000 per business, reflecting their...
Read Full Article →Aston Martin reveals plan to beat US tariff hit as profits sink
Aston Martin Lagonda intends to advance its manufacturing schedule early next year in an effort to minimize the negative impact of US import duties on its declining earnings.
Read Full Article →Stellantis vows to reconnect with customers as it flags $2.4B Cdn tariff hit for 2025
Stellantis faces a substantial $2.4 billion Canadian tariff impact next year, prompting leadership to focus on improving customer relationships and revitalizing its performance in...
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