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Ocean blue wave in ocean. Breaking wave for surfing in Bali

U.S. Business Prepares for Next Wave of Tariffs on 100% of Goods from China

U.S. businesses are preparing for another possible wave of tariffs while seeking product exclusions from existing tariffs on goods from China. Find out how the Trump administration is responding to these product exclusion requests, and keep track of the “tranches” or waves of tariffs announced or implemented by the administration using our graphic.

Slowdowns and Slumps: What Economists Are Saying About the Impact of Trump’s Tariffs

Economists can’t tell you how tariffs impact your own business, your job or your shopping cart. Nonetheless, as tariffs are set to go higher, we look at how economists are dialing the tariffs into their forecasts about growth for the U.S. and global economy.

Hard work in a quarry

Renewing Rare Earth Threats, China Digs Deep for Leverage in Trade War

China is stockpiling its rare earths production. Does China think the United States is trying to contain China’s economic expansion? Threatening to withhold rare earths exports could be China’s way of digging into this trade war with the United States.

Aerial view oil terminal is industrial facility for storage of oil and petrochemical products ready for transport to further storage facilities.

Do Steel Tariffs Undermine Safe Energy Infrastructure?

U.S. energy infrastructure company Kinder Morgan, Inc. (KM) started construction on the Gulf Coast Express Pipeline Project in May 2018. Estimated to cost $1.75 billion, the pipeline will span 514 miles in Texas and aims to increase the United States’ ability to export liquefied natural gas to Mexico. The administration’s steep tariffs on imported steel could throw a major wrench into the pipeline project.

Asia Assembly Line

Is the Trade War Causing Manufacturers to Leave China? Yes and No.

Manufacturers of labor-intensive products like apparel have already been looking elsewhere in Asia as labor costs continue to rise in China. China has not substantially increased market access for foreign investors in many sectors, causing foreign investment to slow or flatline in recent years. With lingering doubts about the worsening investment climate in China, the trade war is hastening decision-making that had already been underway.

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Trump-Xi Meeting on US-China Trade War: Five Possible Outcomes

The meeting between President Donald Trump and President Xi Jinping in Argentina in late November may prove to be a turning point for not only for the US-China relationship, but for global trade. Both leaders enter these discussions knowing the far more important question is whether there can be a sustainable co-existence between a Western market-driven economy with democratic ideals and a centrally-managed Chinese economy led by the Communist Party of China.

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With His China Trade War, Trump Aims to Alter the Course of History

Trade wars, like real wars, are costly. But people are willing to sacrifice — at least up to a point — when they believe a cause is worth fighting for. Doing nothing in response to China’s policies would have cost nothing in the short run. But if the concerns raised by China’s policies are legitimate, doing nothing to fix them now will cost more to fix over time — if they remain fixable at all.

Bearded Man

First Came Beard-Loving Millennials. Now Razor Makers Face a Close Shave with Steel Tariffs

Well-known razor makers like Boston-based Gillette already face strong headwinds from changing consumer habits: fewer men are shaving as regularly now that beards are more in fashion. Online subscription services like Dollar Shave Club or Harry’s are also putting pressure on prices and profit margins. Now, razor makers are dealing with the problem of tariffs on the specialized steel they import.

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What is a tariff? An economist explains

It’s important to first understand what a tariff actually is and does before we can determine whether Trump’s new trade barriers are good or bad.

poker

Trump Upped the Ante in High Stakes Game of Tariff Poker

The biggest chunk of tariffs in the Great Tariff War of 2018 is between the United States and China, beginning with two rounds of tit-for-tat tariffs worth around $50 billion against one another. The United States just raised on the ante by another $200 billion. China will not fold; they will go “all in” in this poker game, but we don’t know what that means yet as they hold their cards close.