TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices. But while these “revelations” are spurious, behind them lurks a well-oiled machine for selling counterfeit goods that is making the most of the confusion surrounding trade tariffs. Chinese content creators who portray … Read more
_-_IMG_1104.jpg?w=1920&resize=1920,0&ssl=1 "Oil Prices Drop as China Retaliates With 125% Tariff on U.S. Goods")
China hit back at the U.S. tariffs by raising on Friday the Chinese tariff on U.S. goods to 125% from 84% earlier, escalating the U.S.-China standoff. “The U.S. imposition of abnormally high tariffs on China seriously violates international and economic trade rules, basic economic laws and common sense and … Read more
China said Friday it would raise tariffs on US goods to 125 percent but would ignore further levies by President Donald Trump because it no longer makes economic sense for importers to buy from America. After a week of market mayhem as the world’s two largest economies took turns to put up trade barriers, Beijing … Read more
Since re-entering office, President Trump has issued a flurry of tariffs in an effort to rewire the global economy. At 12:01 a.m. Eastern time on Wednesday, his most aggressive moves yet took effect, imposing double-digit rates on dozens of countries. About 13 hours later, he said he would halt implementation of those tariffs for the … Read more
China said it is raising its tariffs on U.S. products to 84%, up from its previously announced 34%, after President Trump’s import duties on Chinese good went into effect today at a rate of 104%. Mr. Trump’s broad-based tariffs, which apply to imports of almost every nation, kicked in after midnight Eastern time in the U.S. … Read more
President Trump’s tariffs on imports from dozens of countries came into force Wednesday, including 104% on goods from China, dramatically ramping up a potential global trade war. The tariffs took hold at 12:01 a.m. EDT. Mr. Trump’s tariffs have shaken the dynamics of the decades-old global trading order, increased recession fears and sent shudders through … Read more
U.S. markets are falling further on news that China has responded to America’s new tariff regime with retaliatory duties of up to 34% on all imported U.S. goods. The blue-chip Dow Jones Industrial Average is down another 800 points in premarket trading after falling nearly 1,700 points on April 3. The benchmark … Read more
Australian Prime Minister Anthony Albanese has expressed strong disapproval of U.S. President Donald Trump’s decision to impose a 10% tariff on Australian goods, calling it “not the act of a friend.” However, Albanese ruled out imposing similar tariffs on the U.S. in response, emphasizing that such a move would raise costs for Australian families, Reuters … Read more
U.S. Monday Economic Lookahead S&P flash U.S. services PMI (March) S&P flash U.S. manufacturing PMI (March) Featured Earnings KB Home (NYSE: KBH) (Q4) EPS of $1.58, compared to $1.76 in the prior-year quarter. Enerpac Tool Group Corp (NYSE: EPAC) (Q2) EPS of 39 cents, compared to 38 cents in the prior-year quarter. TMC … Read more
Dick’s Sporting Goods (NYSE:DKS) on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend with tariffs, inflation and fears around a potential recession. Executive chairman Ed Stack told reporters the company’s exposure to China, … Read more