German Auto Stocks Decline on Threat of 20% Tariff
German automotive stocks fell after U.S. President Donald Trump threatened to impose a 20% tariff on all European car imports, escalating his demand for concessions aimed at lowering the U.S. trade deficit.
Global Auto Sector Likely to Feel Effects of Tariffs
Over the past three decades, the global auto industry has gotten, well, more global. Manufacturers built scores of factories outside their home countries to reduce exposure to currency swings, take advantage of cheaper labor and manufacture cars closer to buyers.
US Firms Weigh Higher Freight Bills Now Against Paying Tariffs Later
New tariffs on imports from China may leave American companies with a choice — pay a higher freight bill now or pay the tariffs starting soon.
US Growth ‘Close to a Peak’ as Trade Spat, Housing Pose Risks
The U.S. economy is booming this quarter as tax cuts power consumers and businesses. Yet risks are mounting that the high will be short-lived.
Commerce Secretary Wilbur Ross Denies Insider Trading
Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company.
Volvo Sees New South Carolina Plant as Hedge Against Tariffs
When Volvo Car Group broke ground on its first U.S. assembly plant in 2015, it was a proud proof point for the Swedish automaker’s rebound and global expansion, not a chess move in anticipation of a possible trade war.
Europe Said to Seek WTO Revamp in Face of Trump Trade Challenge
European Union leaders plan to push for improvements in the way the World Trade Organization operates, saying it is important to uphold the global commercial order amid “growing” tensions prompted by President Donald Trump’s tariffs.
China Vows to Retaliate as Trump Targets $200 Billion in Tariffs
Trade tensions between the world’s biggest economies intensified, with China vowing to retaliate “forcefully” against President Donald Trump’s threatened tariffs on an additional $200 billion in Chinese imports.
Here’s How a US-China Trade War Could Play Out
President Donald Trump is betting Beijing will blink first in the showdown over tariffs. Such an outcome is far from assured — and it also could take a while.
Steam Logistics Continues International Growth Despite Tariff Threat
Despite growing concerns of a trade war, one of Chattanooga, Tenn.’s fastest-growing international companies still expects to grow by more than 60% this year shipping goods worldwide.