The CEO of footwear company Steve Madden expects to reduce its imports from China and increase sourcing from other regions to hedge against proposed punitive tariffs on China by President-elect Donald Trump.
Uncertainties over labor negotiations affecting U.S. East Coast and Gulf Coast ports, plus concerns over tariffs proposed by President-elect Donald Trump (see 2411060037), could result in a higher volume of U.S. imports in the coming weeks, the National Retail Federation said Nov. 8.
In less than three months, President Donald Trump will be back in the White House, after a campaign during which he floated 10% or 20% tariffs on all countries except China, which would be hit with an additional 60 percentage points on top of current tariffs.
Proposed new tariffs will negatively affect American consumers, the American Apparel and Footwear Association said in a news release Nov. 6 reacting to the results of the U.S. presidential and congressional elections. President-elect Donald Trump says he will increase tariffs on goods coming into the country.
European collaboration with the U.S. on trade-related policies and other issues likely will become more difficult when President-elect Donald Trump returns to the White House in January, a former Swedish government official said Nov. 7.
LIVONIA, Michigan -- The consuls general of Mexico and Canada in Detroit encouraged auto industry players to lobby the next administration, to let it know that tariffs on Canadian and Mexican goods would be disruptive to the integrated auto industry, and to push for the administration to comply with a panel ruling on auto rules of origin.
As Donald Trump returns to the White House in January, a short-term spike in import volumes at U.S. ports is inevitable, given the president-elect's strident stance on tariffs, some logistics experts say.
President-elect Donald Trump's love of tariffs was the through line of his campaigns and his first administration, but a consultant and a think tank scholar say that how exactly he will hike duties next year -- on what products, from which countries and how high -- are unknowable.
Maros Sefcovic of Slovakia, the EU’s candidate for trade and economic security commissioner, said this week he would “double down” on defending European industry against “increasingly widespread” unfair practices.
Donald Trump, at a campaign rally in North Carolina, said that he'll tell the Mexican president that, if her administration doesn't "stop this onslaught of criminals and drugs coming into our country," he will "immediately impose a 25% tariff on everything they send in to the United States of America."