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President Donald Trump

A Chicago-area manufacturer is laying off 153 workers and moving to Mexico partly because of Trump’s tariffs

Stack-On Products, a manufacturer of storage goods like gun safes, will lay off 153 workers at its two Chicago area plants in part due to President Donald Trump's tariffs. The Stack-On workers are the latest casualties of Trump's trade fights.
Winnebago is raising prices.

These popular brands say Trump’s tariffs will force them to raise prices

Coca-Cola, General Motors, and Winnebago are among the companies who say they will be forced to raise prices because of Trump's taxes on foreign imports.

The lira surged 7% after Turkey hit back at US ‘attacks’ by slapping American cars, alcohol, and tobacco with huge tariffs

American automobiles will now be subject to a tariff of 120%, while alcohol will have a 140% tariff rate. The levy on leaf tobacco is at 60%.

The US restaurant industry could be the big winner of Trump’s trade war

President Donald Trump's trade war could whack many US businesses, but restaurants could actually be huge winners. The decline pork, corn, apple, and cheese prices could help save US restaurants millions.
President Donald Trump

A new study shows Trump’s trade war probably won’t achieve one of its biggest goals

President Donald Trump's tariffs won't help him bring down the US trade deficit according to the New York Federal Reserve. The decline in imports will be made up by a roughly equal decline in exports according to a new study.
President Donald Trump walks past a boat while touring a Made in America product showcase at the White House

The CEO of an American boat manufacturer perfectly laid out how Trump’s tariffs are crushing US businesses

President Donald Trump's tariffs are causing three major problems for US companies, according to the CEO of a major US boat manufacturer: the trade war with China, the rising cost of goods coming into the US, and blowback from other countries.
The Peak Pegasus' long journey.

The ship caught in the US-China trade war has finally docked after spending a month drifting at sea

A ship that was waiting off the coast of China for over month has docked on Monday at the Chinese port of Dalian and has been offloading its soybean cargo worth over $20 million, Reuters reported.

Turkey’s currency panic reveals a major downside of Trump’s ‘America First’ policy — and offers an early warning to the ...

Turkey's currency crisis has lurched on to the global stage, denting European and US stocks as fears of contagion rise.

Cracks may be starting to show in Xi Jinping’s absolute rule over China because of Trump’s trade war

The intensifying trade war between China and the US is causing a massive rift within China's Communist Party. Though President Xi Jinping has been clamping down on dissent, veteran party members have expressed discontentment about China's nationalist image and Xi's handling of the trade dispute.
WTO Director General Roberto Azevêdo

The man in charge of overseeing global trade says ‘the first shots have been fired’ in a trade war, and ‘the situation is extremely ...

WTO Director General Roberto Azevêdo warned that trade protectionism, like President Donald Trump's tariffs, is harmful to the global economy and could undermine the international trading order.