Family

One of Trump's top trade advisers says Europe 'will get over' the steel and aluminum tariffs

7 monthes ago   |   By

CNBC
Commerce Secretary Wilbur Ross tried to downplay the implications of President Donald Trump's decision to impose steel and aluminum tariffs on the European Union, Canada, and Mexico.
Ross said the tariffs were "blips on the radar screen" in the relationship between the US and EU, saying the EU "will get over this in due course."
Ross dismissed concerns that the tariffs would increase costs for US consumers and harm the economy.
He also said that despite the US stock market sell-off following the announcement, stocks would "adjust to facts" and bounce back.
One of President Donald...
Read more ...

 

Stocks stumble as the US hits allies with steel and aluminum tariffs

Stocks stumble as the US hits allies with steel and aluminum tariffs

7 monthes ago   |   By

Spencer Platt/Getty Images
Stocks slid Thursday afternoon after the Commerce Department said tariff exemptions to Mexico, Canada, and the European Union will expire at the end of the day. The Dow Jones industrial average dropped more than 200 points following the announcement.
Here's the scoreboard: See the rest of the story at Business Insider NOW WATCH: What will probably happen with the North and South Korean peace treaty See Also: The market's biggest and most influential investors are altering their strategy - here's what they're doing and what it means for you Wall Street's top stock...
Read more ...

 

Surging steel prices are 'self-defeating'

Surging steel prices are 'self-defeating'

7 monthes ago   |   By

Sean Gallup/Getty
Steel prices have risen nearly 40% since March.
The US followed through with steel tariff threats on its allies Thursday.
But some think prices could still drop as soon as this year.
Steel has been soaring, but some analysts think prices could fall sharply in the months ahead.
Steel prices have rallied 38% since the US Commerce Department launched a Section 232 investigation that led to hefty import taxes on the metal last year. And as President Donald Trump cuts off tariff exemptions to the US's closest allies this week , prices look poised to keep booming. See the rest...
Read more ...

 

'A slow motion train wreck': Trump is kicking off a trade war with America's closest allies

'A slow motion train wreck': Trump is kicking off a trade war with America's closest allies

7 monthes ago   |   By

Carlos Barria/Reuters
President Donald Trump will impose steel and aluminum tariffs on imports from the European Union, Canada, and Mexico starting Friday.
The tariff decision will likely lead to retaliation from the three allies.
The tariffs will also cause major economic disruptions in the US, Canada, Mexico, and the EU.
"I don't know if it's officially a 'war' yet, but it's getting to be a pretty intense trade skirmish," one trade expert said.
Not even the US's closest allies can avoid getting caught in President Donald Trump's escalating trade battles.
Commerce Secretary Wilbur Ross...
Read more ...

 

Steel stocks spike as Trump reportedly readies to slap tariffs on the US's closest allies

Steel stocks spike as Trump reportedly readies to slap tariffs on the US's closest allies

7 monthes ago   |   By

US steel stocks are jumping Thursday.
President Donald Trump is reportedly planning to put tariffs on steel and aluminum imported to the US from the EU, Mexico, and Canada.
Watch US Steel Corporation trade in real time here.
Shares of US steel manufacturers are jumping in early trading Thursday after the Wall Street Journal reported President Donald Trump is ready to announce tariffs on EU, Mexican, and Canadian steel imported into the country.
The tariffs would include a 25% tax on steel and 10% on aluminum imported into the US , and that is sending US steel manufacturers higher. Here's...
Read more ...

 

The Mexican peso is sliding after report says Trump will move forward with tariffs on the US's closest allies

The Mexican peso is sliding after report says Trump will move forward with tariffs on the US's closest allies

7 monthes ago   |   By

Henry Romero/REUTERS
The Mexican peso was down 0.68% versus the dollar early Thursday.
Trump is reportedly set to follow through with tariff threats on Mexico, Canada, and the European Union.
Follow the Mexican peso in real time here .
The Mexican peso slumped against the US dollar Thursday following a report suggesting President Donald Trump is set to move forward with steel and aluminum tariffs on Mexico, Canada, and the European Union as soon as the end of the week.
The peso was down 0.73% to 19.8900 versus the dollar at 8:30 a.m. ET. See the rest of the story at Business Insider NOW...
Read more ...

 


Search by Tags

   Family      Europe      Mexico      Canada      Wilbur Ross      Donald Trump      Tariff      European Union      Trump Tariff      Steel Tariff      Aluminum Tariff      Train      Business      Market wrap      Stocks      Aluminum      Steel      Trump      U.S.      EU      Store      Food      Place      Fall      Places      Tariffs      Trade      Metal      Imports      Demand      Trade War      Corporate      Us steel corporation stock price      Vaneck vectors steel etf      Trump eu tariffs      Traveling      Travel      Peso      Dollar      Currencies      Exchange rates  


Experience the magical ambience of the fall season by visiting the best...

Autumn is one of the fascinating seasons for a holiday in Italy. This beautiful season comes with a round of fresh wine, delightful delicacies, and vibrant colors that will... Read more ...

Experience the magical ambiance of the fall season by visiting the best...

Autumn is one of the fascinating seasons for a holiday in Italy. This beautiful season comes with a round of fresh wine, delightful delicacies, and vibrant colors that will... Read more ...

Experience the magical ambiance of the fall season by visiting the best...

Autumn is one of the fascinating seasons for a holiday in Italy. This beautiful season comes with a round of fresh wine, delightful delicacies, and vibrant colors that will... Read more ...

London Bridge Station Takes Part In Nationwide Sleepout To Help Runaway Children

London Bridge Station Takes Part In Nationwide Sleepout To Help Runaway Children

London Bridge is joining major railway stations across four of Britain's biggest cities to host a sleepout in aid of vulnerable children who run away from home. Read more ...

First Delta Hotels by Marriott Opens in the Dallas Fort Worth Metroplex

First Delta Hotels by Marriott Opens in the Dallas Fort Worth Metroplex

Marriott International announced today the official grand opening of the Delta Hotels by Marriott Dallas Allen & Watters Creek Convention Center. Read more ...

London Bridge Station Takes Part In Nationwide Sleepout To Help Runaway Children

London Bridge Station Takes Part In Nationwide Sleepout To Help Runaway Children

London Bridge is joining major railway stations across four of Britain's biggest cities to host a sleepout in aid of vulnerable children who run away from home. Network Rail... Read more ...

AirBaltic Serves Record 4.1 Million Passengers in 2018

AirBaltic Serves Record 4.1 Million Passengers in 2018

TheLatvian airline airBaltic has carried 4 135 711passengers or 17% more than last year to its network.It is the highest number of passengers carried in airline's... Read more ...

First Delta Hotels by Marriott Opens in the Dallas Fort Worth Metroplex

First Delta Hotels by Marriott Opens in the Dallas Fort Worth Metroplex

Marriott International announced today the official grand opening of the Delta Hotels by Marriott Dallas Allen & Watters Creek Convention Center. The first of the Delta Hotels... Read more ...

Most people like PopSockets phone grips, but I think they're overrated...

Most people like PopSockets phone grips, but I think they're overrated - here's why I prefer the Speck GrabTab instead

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Connie... Read more ...

Twelve Badass Details On the 2020 Ford Mustang Shelby GT500

Twelve Badass Details On the 2020 Ford Mustang Shelby GT500

The 2020 Ford Mustang Shelby GT500 is easily my favorite thing from this year's decidedly drab Detroit Auto Show. It looks fantastic, makes ferocious power and has more than a... Read more ...

I Can't Wait to See The Hyundai Veloster N TCR Battle Civic Type Rs and GTIs

I Can't Wait to See The Hyundai Veloster N TCR Battle Civic Type Rs and GTIs

The Hyundai Veloster N TCR is a turnkey racecar for the TCR class of the IMSA Michelin Pilot Challenge. It made its American debut at the 2019 Detroit Auto Show , and will go... Read more ...

Monteverdi Tuscany Curates Exclusive New Brunello Journey

Monteverdi Tuscany Curates Exclusive New Brunello Journey

The newly expanded and refurbished boutique hotel, Monteverdi, lies within the Unesco World Heritage region of Val d'Orcia, Tuscany, where verdant vineyards blanket the hills... Read more ...

Orizonte Golf set to fly high with new Irish flights

Orizonte Golf set to fly high with new Irish flights

Golfers across Ireland have more reason than ever to discover the best-value golf in Portugal following the announcement of two new flight routes to Lisbon this month. The... Read more ...