#tariffs

#tariffs

The sum of exports and imports between the two countries last year totalled 251.8 billion (roughly $296.6 billion), a 2.1% increase, according to Destatis. China was Germany's most important trading partner from 2016 all the way through to 2023. In 2024, the US briefly held the title. German Chancellor Friedrich Merz is also set to visit China next week, where he is set to discuss trade and other topics.

This is the thing that I think every Republican should win on, even if you hate them in every other way. Agreements for drug prices we're slashing drug prices by 400, 500, even 600%. Nobody's ever seen anything like it, said Trump. Because we were paying the highest drug prices in the world, and now we're paying whatever the lowest price is in the world. That's the price we're paying.

Following the implementation of tariff rate increases and new universal tariffs in April 2025, monthly tariff payments by these midsize firms have tripled compared to early 2025 levels. Decoupling is Happening If the primary objective of the trade policy was to reduce American reliance on Chinese manufacturing, the banking giant's data suggests the strategy is working. Outflows from midsize U.S. firms to China have dropped by approximately 20% since 2024.

Our bar was founded to be a third space for our local Brooklyn neighborhood - somewhere other than work or home where friends could gather, have a drink and connect more deeply. Our business model was built around earning the trust of repeat guests from our community, not charging tourists $22 for a cocktail. But today, tariffs are making that model more difficult to sustain.

Every product we've made has been an act of optimism-a belief that good design can make our world a little better,

When a vote to overturn his Canada levies came to the floor Wednesday, "I was in the cloakroom, and I heard people say, 'I hate tariffs,' and then voted" to leave them in place, Bacon recalled. Were it not for threats of retaliation from Trump and a heavy White House lobbying campaign, he estimated "30 or 40" Republicans would have broken ranks.

A new report from the Tax Foundation, a nonpartisan think tank, found that the average tariff burden for U.S. households was $1,000 in 2025 and is expected to grow to $1,300 this year, effectively cancelling out any benefit from the tax cut and falling short of paying for them. Tariffs will raise a net $1.9 trillion between 2025 and 2034, the Tax Foundation estimates, but the cuts will reduce revenue by $4.1 trillion.

Reps. Thomas Massie (R-Ky.), Don Bacon (R-Neb.), Kevin Kiley (R-Calif.), Dan Newhouse (R-Wash.), Jeff Hurd (R-Colo.) and Brian Fitzpatrick (R-Pa.) voted to terminate Trump's use of a national emergency to impose tariffs on Canada. Rep. Jared Golden (D-Maine) was the lone Democratic no. Wednesday's vote marks the first time the House has formally weighed in on Trump's trade agenda. The vote was 219-211.

MS NOW's Jonathan Lemire asked Hassett if Trump's recent claim is further evidence that the tariffs are not being used as an emergency national security measure. Another matter. House Speaker Mike Johnson's bid to block any future votes on President Trump's tariffs did fail last night. Three Republican lawmakers joined Democrats to defeat the measure 217 to 214. This now allows members of Congress the ability to immediately force a vote that would terminate Trump's tariffs on Mexico and Canada.

The nonpartisan Congressional Budget Office's 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social Security, Medicare, and debt service payments. Compared with the CBO's analysis this time last year, the fiscal outlook has deteriorated modestly. Major developments over the last year are factored into the latest report, released Wednesday, including Republicans' tax and spending measure known as the " One Big Beautiful Bill Act,"

The White House of 2036 will have a mammoth task on its hands: It will need to rustle up more than $2 trillion a year to pay the interest on its national debt burden, approximately 5% of the nation's entire economy. According to the latest projections from the Congressional Budget Office (CBO), the U.S. government will continue to run a sizeable and growing deficit over the next decade.

"The U.S. and Europe are rather similar, and now the tariffs are okay,"

The company is also leaning on its multi-year restructuring program, 'Beauty Reimagined', to offset part of the blow. The plan, which carries an estimated price tag of $1.2 billion to $1.6 billion, combines sweeping cost cuts with a reorganization of brands and regions and a net reduction of 5,800 to 7,000 jobs, or up to about 11% of the workforce, by 2027.

The steep hikes by Mexico have devastated several Indian industries already reeling under crushing US tariffs. Kolkata, India Pankaj Chadha has been running a steel manufacturing unit in Mumbai, India's financial capital, for the past four decades. The 65-year-old told Al Jazeera that his company exports products mostly to the United States and Mexico, where they are used in various industries.

Shares of Canadian aeroplane maker Bombardier have plunged after United States President Donald Trump threatened to decertify the private jet maker's large-cabin planes and all Aircraft made in Canada, and slap 50 percent import tariffs on new planes until Canada certified the latest aircraft produced by US rival Gulfstream. The aeroplane maker's stock was down 9 percent Friday morning on the heels of Trump's late Thursday threats.

"The word 'choke off' is awfully tough," Trump said. "I'm not trying to, but, it looks like it's something that's just not going to be able to survive."