tariffs Archives - Page 2 of 3

Trump Announces ‘Massive’ Trade Deal with Japan with 15% Tariffs by Lim Hui Jie

William Attardi on July 23, 2025

President Donald Trump on Tuesday stateside announced that he had made the “largest Deal ever” with Japan, that involves “reciprocal” tariffs of 15% on the country’s exports to the U.S.

Trump said that Japan will invest $550 billion into the United States, adding that the U.S. will “receive 90% of the Profits.”
He also said Japan will “open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things.”
The U.S. president added that the deal would also create “Hundreds of Thousands of Jobs.” Trump announces ‘massive’ trade deal with Japan with 15% tariffs

New Trade Pacts Confirmed, Tariff Changes Delayed to Aug. 1

William Attardi on July 7, 2025

US negotiators have reached new trade agreements with several nations, Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent each said Sunday, adding that President Donald Trump has moved the start date for all tariff changes from Wednesday to August 1 to provide additional negotiating time with more countries. Countries without a deal by then will see tariffs return to April 2 levels, Lutnick and Bessent said. Lutnick Says Trump’s Tariffs Will Take Effect on Aug. 1 – Bloomberg

How A Lighting Firm Is Quitting China for Cambodia

William Attardi on July 1, 2025

Lucidity Lights, a maker of lamps and other lighting products, accelerated its production shift from China to Cambodia in response to rising tariffs and changing global trade dynamics. Company officials said trade policies in President Donald Trump’s first term served as a wake-up call to move production. Lucidity has now moved 70% of its manufacturing to Cambodia and plans to fully exit China. Until last year, his company’s products—lamps and other lighting goods sold to retailers including Walmart and Home Depot—had been made in China.The transition has allowed Lucidity to secure new retailer contracts and boost revenue this year despite ongoing logistical and supply chain challenges in Cambodia. The Wall Street Journal

Trump Policies Will Cut Deficits Up to $11 Trillion, White House Economist Says by Skylar Woodhouse

William Attardi on June 26, 2025

President Donald Trump’s policies will reduce US fiscal deficits by up to $11 trillion over the coming decade, according to the White House’s chief economist Stephen Miran, Chair of the Council of Economic Advisers— a projection that defies analysts who say government debt is poised to climb to record highs in coming years. About half the savings, or $3 trillion to $5 trillion, would come from faster economic growth — thanks to the pending Republican tax cut bill, along with deregulation efforts — Miran argued. He also cited a $3 trillion bump in revenues from Trump’s tariff hikes, referring reporters to the Congressional Budget Office’s recent calculation — which came in at $2.8 trillion. Reduced debt loads thanks in part to those savings will help to bring down the US Treasury’s interest costs by approximately $1 trillion to $1.5 trillion, he said. “Those are very big numbers.” Trump Policies Will Cut Deficits Up to $11 Trillion, White House Economist Says

Fed Leaves Key Rate Unchanged

William Attardi on June 22, 2025

The Federal Reserve kept its key rate unchanged Wednesdayas it waits for additional information on how tariffs and other potential disruptions will affect the economy this year. The Fed’s policymakers signaled they still expect to cut rates twice this year, even as they also project that President Donald Trump’s import duties will push inflation higher. The Fed expects the bump to inflation will be temporary, but they want to see more data to be sure. They also expect growth to slow and unemployment to edge up. Fed Leaves Key Rate Unchanged – tEDmag

GM to invest $4 Billion to Shift Some Production from Mexico to the US

William Attardi on June 11, 2025

Shares of General Motors rose before the opening bell after announcing plans to invest $4 billion to shift some production from Mexico to U.S. manufacturing plants as the automaker navigates tariffs that could drive prices higher. President Trump signed executive orders in April, relaxing some of his 25% tariffs on automobiles and auto parts, a significant reversal as the import taxes threatened to hurt domestic manufacturers. GM said late Tuesday that the investment will be made over the next two years and is for its gas and electric vehicles. GM to invest $4 billion to shift some production from Mexico to the US | AP News

Trump Says China Trade, Tariff Deal ‘Done,’ Awaits His and Xi Jinping’s Approval

William Attardi on June 11, 2025

President Trump on Wednesday announced that the deal with China “is done,” and is awaiting his and Chinese President Xi Jinping’s approval. ,” Trump postedon Truth Social. “OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME. FULL MAGNETS, AND ANY NECESSARY RARE EARTHS, WILL BE SUPPLIED, UP FRONT, BY CHINA. LIKEWISE, WE WILL PROVIDE TO CHINA WHAT WAS AGREED TO, INCLUDING CHINESE STUDENTS USING OUR COLLEGES AND UNIVERSITIES (WHICH HAS ALWAYS BEEN GOOD WITH ME!). WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT! THANK YOU FOR YOUR ATTENTION TO THIS MATTER!” Trump says China trade, tariff deal ‘done,’ awaits his and Xi Jinping’s approval | Just The News

Tariff Tracker, May 12: An Agreement with China

William Attardi on May 12, 2025

The temporary agreement is seen as a potential breakthrough for negotiations with multiple countries. In what is being described as a major trade breakthrough, the U.S. and China have agreed to slash tariffs for 90 days while both sides negotiate a new agreement. The decision has pushed stocks up on Monday, and is a solid beginning to what may be a long-term agreement. Chris Kuehl, Managing Partner and Co-Founder of Armada, tells us that while some questions remain, a long-term agreement will go a long way toward helping American manufacturing. Tariff Tracker, May 12: An Agreement With China – electrifiED

AI Can’t Predict the Impact of Tariffs—but It Will Try by Isabelle Bousquette & Belle Lin

William Attardi on April 17, 2025

Companies are looking to technology to help navigate supply-chain uncertainty. Artificial intelligence was supposed to be a boon for helping companies navigate the impact of disruptions to their supply chains. But even this groundbreaking tech has its limits—and wasn’t ready for the far-reaching, on-and-off tariffs from President Trump. Businesses contending with ongoing uncertainty want help from their supply-chain technology providers. In recent weeks, several vendors have rolled out AI features intended to gauge the impact of new tariffs. There is one problem: Tech can’t forecast what Trump will do next. Even with AI, some businesses say technology won’t help them avoid all tariff-induced financial pain. AI Can’t Predict the Impact of Tariffs—but It Will Try – WSJ

Hyundai Shows Off New $7.6B EV Plant Amid Tariff Announcement

William Attardi on March 31, 2025

Hyundai celebrated the opening of its new $7.6 billion electric vehicle factory in Georgia on Wednesday by announcing plans to expand its production capacity by two-thirds to a total of 500,000 vehicles per year. The newly announced Georgia expansion is part of $21 billion in U.S. investments over the next three years that Hyundai announced at the White House. Hyundai began producing EVs just shy of six months ago at its sprawling manufacturing plant in southeast Georgia. More than 1,200 people are working there. Hyundai employees worked the assembly line alongside hundreds of robots that stamp sheets of steel into fenders and door panels, weld and paint auto bodies and even park finished vehicles awaiting their final inspections. Hyundai Shows Off New $7.6B EV Plant Amid Tariff Announcement – electrifiED