In a sudden surge, out of the recent ranges, Wholesale sales soared 2.5% MoM in May - the biggest jump since March 2011 - suggesting pre-emptive buying ahead of Trump's tariffs (as opposed to a new trend). Farm Products and Computers saw big sales
If China was hoping for Trump to relent, and back down in the last minute before the start of tonight's China tariffs, set to take place at 1 minute after midnight, it will be disappointed.
Heads of VW, Daimler, BMS discuss tariffs with U.S. ambassador EU weighs proposal to cut car levies between large exporters
"We have to change our ways. We can no longer be the stupid country. We want to be the smart country." ~ President Donald Trump
President Donald Trump says Harley-Davidson will be "taxed like never before" if it moves production overseas.
When are America's global corporations and Wall Street going to sit down with President Trump and explain to him that his trade war is not with China but with them?
MILWAUKEE (AP) -- Harley-Davidson, up against spiraling costs from tariffs, will begin to shift the production of motorcycles headed for Europe from the U.S. to factories overseas.
Fiat Chrysler, Volkswagen, and BMW shares are sliding following the latest shot across the bow from President Trump in the global trade wars.
The global trade war escalated moments ago when Trump fired back with a threat of $200 billion more tariffs.
While it was extensively reported previously that Trump is set to slap China with new tariffs as soon as Friday (here and here), there were few actual details what this latest escalation in the trade wars would entail.
Following promises (threats?) by EU bloc executive Jean-Claude Juncker and German Chancellor Angela Merkel that the European Union would soon impose retaliatory tariffs on the US while moving ahead with a settlement dispute at the WTO, Merkel's chief
Brussels (AFP) - The EU on Wednesday said a raft of retaliatory tariffs, including on whiskey and motorcycles, against painful metals duties imposed by the US would be ready as early as July.
Tariffs are taxes on Americans for the benefit of a tiny group of politically-connected corporations. Taxation can never lead to prosperity. Unfortunately, constant doses of patriotic propaganda convince Americans that they're being robbed for their
Trump has been itching for a global trade war ever since he took office. He just confirmed one.