President Donald Trump’s sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade war that threatens to shake up global alliances.
https://gcaptain.com/global-trade-braces-for-impact-after-trumps-tariff-bombshell/
In a deviation from the traditional format of the newsletter this week, we’re taking a bigger look at the possible impacts and disruptions to the pharmaceutical and health care industry as a result of “Liberation Day” when the president announced what reciprocal tariffs were slated for various counties and trading blocs.
Countries that weren’t included on the list were awarded an across-the-board 10% tariff on anything imported to the U.S....
New tariffs announced by the Trump administration are expected to severely affect emerging economies such as Vietnam and Cambodia, two nations playing a pivotal role in the overall economy diversification in Southeastern Asia.
In 2024, Cambodia’s shipping industry continued to leverage its strategic location along the Mekong River and its access to the Gulf of Thailand.
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https://container-news.com/vietnam-and-cambodia-in-turbulent-situation-after-trumps-tariffs/
The National Retail Federation forecast that retail sales during 2025 will grow between 2.7% and 3.7% over 2024 to between $5.42 trillion and $5.48 trillion.
The 2025 sales forecast compares with 3.6% annual sales growth of $5.29 trillion in 2024. This year’s forecast is also in line with the 10-year pre-pandemic average annual sales growth of 3.6%.
The announcement Wednesday was made during NRF’s fifth annual State of Retail & the Consumer virtual event on the health of American consumers and...
https://www.freightwaves.com/news/tariffs-wont-drag-consumer-spending-in-2025-say-retailers
Stellantis said on Thursday it will pause production at assembly plants in Canada and Mexico and temporarily lay off about 900 employees at auto factories in Michigan and Indiana.
The announcement comes just hours after President Donald Trump’s reciprocal tariff plan went into effect at midnight, including 25% import duties on foreign-made cars.
The pause begins Monday at Stellantis assembly plants in Windsor, Ontario, and Toluca, Mexico.
Lou Ann Gosselin, Stellantis’ spokeswoman for Canada,...
https://www.freightwaves.com/news/automaker-to-temporarily-lay-off-900-us-workers-due-to-tariffs
The U.S. economy finds itself at a crossroads following President Donald Trump’s dramatic announcement of sweeping new tariffs on imports. While some economists fear the tariffs could stoke inflation, key economic indicators – including bond yields and truckload volumes – are flashing warning signs that a recession from suppressed consumer demand and business activity may be the more pressing concern for policymakers and investors alike.
On Wednesday, Trump unveiled what he called “the steepest...
The U.S. Senate approved a bipartisan measure late Wednesday aimed at blocking tariffs on imported goods from Canada.
The resolution, adopted by a 51-48 vote, would terminate President Donald Trump’s Feb. 1 emergency declaration on fentanyl trafficking, which the White House used to issue duties on Canadian imports. Four Republicans joined all Democrats in the Senate in voting for the measure.
The resolution passed a few hours after Trump unveiled a broad tariff plan for all U.S. trade partners...
https://www.freightwaves.com/news/senate-adopts-resolution-to-halt-tariffs-on-canadian-imports
Australia’s remote, uninhabited islands in the Antarctic and a tiny territory with barely any exports found themselves caught up alongside global heavyweights in U.S. President Donald Trump’s sweeping tariff regime, leaving locals and officials baffled.
El presidente Donald Trump reveló un amplio plan de tarifas para todos los socios comerciales de EE. UU. El miércoles sobre lo que se ha referido como «Día de Liberación». «El 2 de abril de 2025 se recordará para siempre como el día en que la industria estadounidense renació, el día en que se...
https://fullavantenews.com/trump-presenta-un-amplio-plan-de-tarifas-reciprocas-globales/?lang=es
Oil traders looking to book ships that call at US ports are trying to avoid Chinese-built vessels, after President Donald Trump proposed hefty fees on them in a bid to revive American shipbuilding.
https://gcaptain.com/oil-traders-shun-china-made-ships-for-us-flows-on-trump-levies/