US President Donald Trump speaks during a meeting with Bahraini Crown Prince Salman bin Hamad al-Khalifa in the Oval Office of the White House in Washington, DC, on July 16, 2025. Andrew Caballero-Reynolds | AFP | Getty Images U.S. President Donald Trump is demanding a minimum of 15%-20% tariffs on imports from the European Union,…
A customer visits a store at Togoshi Ginza shopping street in Tokyo on January 23, 2025. Philip Fong | Afp | Getty Images Japan’s core inflation cooled to 3.3% in June, coming down from a 29-month high of 3.7% as rice inflation showed signs of easing. The figure — which strips out costs for fresh…
New Isuzu Motors Ltd. trucks bound for shipment at a port in Yokohama, Japan, on Sunday, July 13, 2025. Bloomberg | Bloomberg | Getty Images Japan’s exports in June contracted 0.5% year over year, extending the 1.7% drop seen in May as deliveries continued to decline for the second straight month. The decrease in exports…
President Donald Trump on Tuesday said he has reached a deal with Indonesia, a week after he threatened to slap a 32% tariff on the southeast Asian country’s U.S. exports. Trump in a Truth Social post called it “great deal, for everybody,” and said it followed direct dealings with Indonesian President Prabowo Subianto. He provided…
Allen J. Schaben | Los Angeles Times | Getty Images The Port of Los Angeles reported its best June ever for shipping container traffic, an increase in ocean freight that port executives described as a tariff whipsaw effect, with shippers racing to beat President Trump’s trade taxes, especially a mid-August deadline for tariffs on Chinese…
A stack of old mobile phones are seen before recycling process in Kocaeli, Turkiye on October 14, 2024. Anadolu | Anadolu | Getty Images As the U.S. and China vie for economic, technological and geopolitical supremacy, the critical elements and metals embedded in technology from consumer to industrial and military markets have become a pawn…
As President Donald Trump continues to set aggressive new tariff rates on imports, U.S. consumers are feeling the effects on their wallets. Tariffs are taxes on imported goods paid by the entity importing those products. Businesses often pass the cost of tariffs along to consumers through higher prices. Sometimes, it’s not so subtle. In June,…
To offset the rising costs of tariffs and trade war uncertainty, companies are using U.S. Customs-sanctioned foreign trade zones (FTZs) and bonded warehouses to delay or reduce product taxes. FTZs have a long history dating back to a previous period of trade conflict, created during the Great Depression by Congress to encourage international trade and…
The flags of the European Union fly in front of the European Parliament. Philipp von Ditfurth | dpa | Picture Alliance | Getty Images President Donald Trump said Saturday the U.S. will impose a 30% tariff on goods from the European Union and Mexico that will take effect on Aug. 1. Trump revealed the new…
Shelf of pharmaceutical products. D3sign | Moment | Getty Images The pharmaceutical industry is scrambling with scenario planning as U.S. President Donald Trump’s 200% tariff proposal threatens to drive up drug prices and rip out corporate profit margins. The president once again warned on Tuesday that long-awaited industry-wide tariffs would be announced “very soon” after…
