Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are set to meet in Switzerland with Chinese Vice Premier He Lifeng on trade in the coming days.
May 8, 2025tariffs News Updates
Trump Hints at Tariff Rollback if China Talks Succeed
Inflation Expectations Hit Nearly 3-Year High
Median expectations for inflation three years from now rose to 3.2% in April, the highest reading since July 2022. Estimates for year-ahead price growth, however, held steady.
May 8, 2025US Imports Slow as Trump Tariffs Ripple Through Supply Chain
The slowdown of U.S. imports due to tariffs is expected to have downstream effects on the rest of the supply chain, including trucking, according to experts.
May 8, 2025Toyota Suffers $1.3 Billion Profit Hit in Two Months on Tariffs
Toyota said U.S. tariffs will result in a $1.3 billion hit to operating income in just two months, with the carmaker joining a growing list of companies grappling with the trade turmoil.
May 8, 2025Maersk Cuts Global Container Market Outlook on Tariff War
A.P. Moller-Maersk, the Danish container giant, lowered its forecast for the global transport market rattled by President Donald Trump鈥檚 trade war.
May 8, 2025Trump Agrees to Cut Tariffs on UK Autos, Steel
President Donald Trump has agreed to cut tariffs on U.K. autos, steel and aluminum in a planned trade deal with Britain, which would buy more American beef and streamline its customs process.
May 8, 2025Trump Holds Firm on Tariffs Before China Negotiations
鈥淣o,鈥 President Donald Trump said when asked by a reporter if he is open to pulling back his 145% duties on Chinese imports to get the world鈥檚 second-largest economy to the negotiating table.
May 7, 2025Ford Hikes Prices on Mexico-Made Models by as Much as $2,000
Ford is boosting sticker prices on models it builds in Mexico by as much as $2,000 even after its CEO said it would hold the line on pricing to see how rivals would react to 25% auto tariffs.
May 7, 2025Container Lines Begin Canceling US-China Shipping Routes
Container liners are starting to sever shipping routes that link the U.S. and China across the Pacific, as President Donald Trump鈥檚 trade war upends the industry.
May 7, 2025China Agrees to Trade Talks With US
China announced a barrage of measures meant to counter the blow to its economy from U.S. President Donald Trump's trade war, as the two sides prepared for talks later this week.
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