News

‘Companies are going to get screwed’: US businesses are trying to get exemptions from Trump’s tariffs, and the process sounds like a mess

US companies can request exemptions to President Donald Trump’s steel and aluminium tariffs if they can’t find metals domestically. US businesses have filed more than 20,000 exemption requests, according to Commerce Secretary Wilbur Ross. The Commerce Department has ruled on fewer than 100 of those requests. According to a new […]
‘Companies are going to get screwed’: US businesses are trying to get exemptions from Trump’s tariffs, and the process sounds like a mess
News

Trump’s trade war is likely going to kill hundreds of thousands of jobs

The US will impose tariffs on imports of steel and aluminium from the European Union, Canada, and Mexico. They had previously been exempt from these tariffs. The tariffs are supposed to help boost the steel and aluminium industry and protect jobs. But according to experts and economists, they will result […]
Trump’s trade war is likely going to kill hundreds of thousands of jobs
News

Trump looks prepared to kick off a trade war with the European Union

The Trump administration will impose steel and aluminium tariffs on imports from the European Union, according to The Wall Street Journal. The tariffs come after talks between the EU and US failed to produce an alternative trade deal. The EU is expected to respond with tariffs on US goods, setting […]
Trump looks prepared to kick off a trade war with the European Union
News

Coors and Miller Lite are going to war with Trump’s tariffs

Peter Coors, chairman of Molson Coors, wrote an op-ed Tuesday that attacked President Donald Trump’s recent aluminium tariff. The price of aluminium to make cans increased after Trump’s decisions, Coors said. He said that would drive up prices for beer consumers. Coors said the tariff is “already hurting businesses across […]
Coors and Miller Lite are going to war with Trump’s tariffs
News

Trump’s new trade idea may be a bigger mistake than tariffs

The Trump administration is attempting to impose quotas instead of tariffs on six major US trading partners. The quotas would limit the amount of steel or aluminium a country can send to the US in a year. Trade experts say that while quotas come with economic problems similar to tariffs, […]
Trump’s new trade idea may be a bigger mistake than tariffs
News

American businesses are already freaking out about Trump’s tariffs

The Federal Reserve reported in its latest Beige Book that US businesses are wary of President Donald Trump’s new trade policies. In particular, manufacturers were concerned about the sudden spike in the price of steel and aluminium. The businesses said the new tariffs were not a drag on activity yet, […]
American businesses are already freaking out about Trump’s tariffs