“The sweeping tariffs that President-elect Donald Trump imposed in his first term on foreign metals, machinery, clothing and other products were intended to have maximum impact around the world. They sought to shutter foreign factories, rework international supply chains and force companies to make big investments in the United States,” the New York Times reports. “But for many businesses, the most important consequences of the tariffs, enacted in 2018 and 2019, unfolded just a few blocks from the White House.” “In the face of pushback from companies reliant on foreign products, the Trump administration set up a process that allowed them to apply for special exemptions.
BING NEWS:
- Trump’s Trade Agenda Could Benefit Friends and Punish Rivals
Donald Trump has a record of pardoning favored companies from tariffs. Companies are once again lining up to try to influence him.
11/22/2024 - 9:00 pm | View Link - T.J. Maxx is in prime position to benefit from Trump's trade policies
The president-elect's proposed tariffs might lead to retailers ordering inventory earlier, adding extra goods to the market for T.J. Maxx.
11/22/2024 - 12:24 am | View Link - Trade demands clash with climate agenda at COP29 talks
Trade tensions are flaring at the COP29 climate summit, with China, Brazil and a host of developing countries complaining that perceived trade barriers, such as the European Union's carbon border levy ...
11/21/2024 - 1:04 am | View Link - Indian pharma companies may benefit under Trump 2.0
The Trump 2.0 agenda, with its likely focus on China plus 1 strategy for pharmaceutical manufacturing and supply chain diversification, provides an incremental opportunity for Indian drug companies.
11/18/2024 - 12:09 pm | View Link - ‘Trump Trade’ Economics Explained: How Tariffs, Deregulation, and Spending Plans Could Reshape the Market
The Trump trade is back in focus following the dramatic market reactions to Donald Trumps return to the White House. With equities soaring, Treasury yields climbing, and the U.S. dollar strengthening, ...
11/16/2024 - 6:14 am | View Link - More
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