#trade-tariffs

#trade-tariffs

On Monday, Donald Trump announced that his administration will give farmers a $12 billion bailout-a tacit admission that his trade policies suck. Farmers have spent much of the last year complaining about rising production costs, falling crop prices and the loss of multiple markets due to Trump's tariffs and the trade wars they have launched. All in all, farmers are projected to lose roughly $44 billion in profits this year, in large part because of Trump administration policies.

More than 50 million of the 340 million inhabitants of the United States were born abroad, according to annual data published by the US Census Bureau. About 25 million came from Latin America and the Caribbean. At more than 11 million, Mexicans are the largest group of Latin American migrants to the United States. With about 1.7 million migrants in the US, Cuba is a distant second, followed by El Salvador with 1.5 million.

The Labor Department reported Tuesday that employers posted 7.67 million vacancies in October, close to September's 7.66 million. The Job Openings and Labor Turnover Survey (JOLTS), which was delayed by the extended government shutdown, also showed that the layoffs rose and number of people quitting their jobs - a sign of confidence in the labor market - fell in October.

When the British designer Fred Rigby released his first furniture collection in 2021, he knew from the outset he would prioritize a U.S. audience-a bigger market with more sales opportunities, he says. Rigby designs and manufactures elegantly crafted furniture in the Oxfordshire countryside, and has built strong relationships with interior designer clients in cities like New York, L.A. and Miami.

Reducing trade barriers and tackling organised crime were among the topics they discussed. Both men agreed they would speak again soon. I stressed the urgency of strengthening cooperation with the US to combat international organised crime, Lula said in a social media post following the call. President Trump stressed his full willingness to work with Brazil and that he will give full support to joint initiatives between the two countries to confront these criminal organisations.

Immigration policy Dozens of raids have not only violated immigrants' human rights and torn families apart: They have jeopardized the national food supply. Farmworkers already work physically hard jobs for low wages. In legitimate fear for their lives and liberty, reports indicate that in some places 70% of people harvesting, processing, and distributing food stopped showing up to work by mid-2025.

This is the first time, the Democratic Congressional Campaign Committee says, that it's had a program specifically dedicated to engaging rural voters. Suzan DelBene, who chairs the DCCC and represents Washington's 1st Congressional District, said Democrats see an opportunity to engage rural voters as President Trump's economic agenda, particularly tariffs, becomes less popular. She said rural voters see the "damage" being done by GOP policies that have led to "costs going up, health care being gutted," and Democrats can provide an alternative.

On November 5, the Supreme Court will hear oral argument in a case testing the limits of presidential emergency powers. At issue is whether a president may use the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs on imports from countries around the world. The stakes of this case reach far beyond trade policy. The Court's decision could shape whether the use of emergency powers to bypass Congress becomes a tool of routine governance, with profound implications for the constitutional separation of powers and limits on presidential authority.

Takaichi, who this month became Japan's first female leader after winning a vote to lead the ruling Liberal Democratic party (LDP), made her international debut at this weekend's Asean summit. But it is her meeting with Trump on Tuesday that will set the tone for Tokyo's relationship with its important and increasingly unpredictable ally, which has imposed retaliatory tariffs on Japan, despite the US president's obvious affection for the country.

Over the weekend, after President Donald Trump unexpectedly announced a 100% tariff on all imports from China, effective November 1, 2025 (or earlier if Beijing continues its export restrictions on rare earth materials), global risk assets immediately tumbled. Bitcoin reacted most sharply, plunging nearly 17%, from around $122,000 to approximately $107,500 within a few hours, before quickly rebounding to around $115,000 by early Monday trading.

Stocks had been heading for a slight gain in the morning, until Trump took to his social media platform and said he's considering "a massive increase of tariffs" on Chinese imports. He's upset at restrictions China has placed on exports of its rare earths, which are materials that are critical for the manufacturing of everything from consumer electronics to jet engines.

Rivian now expects to deliver no more than 43,500 electric vehicles by the end of 2025, which would represent a nearly 16% drop from last year's sales. The company announced the new guidance for investors on Thursday alongside production and delivery figures for the third quarter of this year. Rivian saw deliveries jump to 13,201 vehicles, up from 10,661 and 8,640 in the second and first quarters, respectively. The company also built 10,720 EVs in the quarter.

Given the president's record of doling out special treatment to CEOs who are able to woo him with flattery, payoffs or both, the timing of his attendance at the match in the Rolex box is concerning. I have questions about whether you are attempting to curry favor with the president in an effort to secure special-interest exemptions for Rolex products.

Optimists latch on to the hope that the stability we have lost can be restored post-Trump. Having spent the past few days in Washington, I doubt it. Even in recent history, things were not quite so bad for the transatlantic relationship. The current tensions make the first Trump administration look like a walk in the park for Europeans. It is one thing to withdraw from the Iran nuclear deal, which Trump did in his first term.

Pumpkin spice is traditionally a blend of five spices - cinnamon, nutmeg, ginger, cloves and allspice - and they're all sourced primarily outside the U.S. The spice industry is bracing for how tariffs could impact prices to import a variety of spices. The American Spice Trade Association says many spices require tropical conditions, which means they can't be cultivated domestically. That includes staple spices like cinnamon, pepper, nutmeg, cloves and vanilla.

Giuseppe Alai wanders through the cellar of his dairy in Emilia-Romagna, the air filled with the smell of ageing wheels of parmesan lined up in endless rows. Pointing towards the thick rinds wrapped around them, each bearing the distinct dotted engraving of their Parmigiano Reggiano mark of origin, he recalls an anecdote from his grandfather at the end of the second world war.

This week's dramatic court ruling that Donald Trump's sweeping trade tariffs, which he has used to upend global trade, were in fact illegal is the latest in a series of losses for the president's radical agenda that are ultimately heading for a final showdown in the US supreme court. Trump has already asked the supreme court to overturn the lower court ruling in the tariffs case.

The world during Donald Trump's second presidency has entered a period of danger with certain similarities to the 30s, according to Mitch McConnell, the veteran Republican former Senate leader. McConnell made the comments primarily in reference to tariffs and foreign affairs, in a wide-ranging interview with the Lexington Herald-Leader published on Wednesday as he prepares to enter his final year in office.

Volvo is in a bit of a pickle. The company bet big on a rapid, worldwide transition to electric cars. Yet it's hit three brutal snags. First, EV sales have not grown as exponentially as many automakers planned for. Second, Volvo's own software-defined EVs were heavily delayed and arrived full of bugs and quality issues. Finally, a global trade war has hurt Volvo more than just about any other auto brand: It builds heavily in China, and it builds very little in the U.S.

US President Donald Trump's attempts to put pressure on the country's central bank, the Federal Reserve, pose a "very serious danger for the US economy and the world economy," the president of the European Central Bank (ECB), Christine Lagarde, said on Monday. President Trump has threatened to dismiss Fed Chairman Jerome Powell after repeatedly attacking him for not cutting short-term interest rates, and is also attempting to fire Fed Governor Lisa Cook.

Modi's visit to Tianjin for a regional security summit comes days after the US doubled tariffs on Indian exports to 50%, citing New Delhi's refusal to stop buying Russian oil. The row has upended years of deepening cooperation between India and the US, built on technology and a shared determination to counter Beijing's global ambitions. It has also forced India to aggressively look elsewhere to diversify its trade.

Instead, Robertson said, voters are distracted by the political noise of President Donald Trump's policies, while the real drivers of grocery sticker shock- labor shortages, and tariffs-continue to tighten their grip. Deportations have thinned fields and stripped farms of undocumented workers who "overwhelmingly" make up the agricultural workforce. At the same time, new tariffs on staples like tomatoes, coffee, and orange juice are pushing up costs on imports, leaving few affordable alternatives.

Trump has warned tariffs on countries imposing digital taxes on US tech firms. He said measures such as the UK's digital services tax and similar rules in France, Italy and Spain discriminate against companies like Google, Meta, Amazon and Apple. Trump said he will add tariffs on exports and restrict technology sales if those policies stay in place.

Target is in trouble. And while it's easy to get lost in the company's recent (poor) handling of American culture war narratives that cast it as too woke or too willing to cave to online fascists, the root of Target's problems runs deep. Don't get me wrong the massive consumer boycotts from Black organizers have done damage. And there are probably folks on the far right who think even Target's toned-down, overwhelmingly beige Pride merch this year was still too loud.

The PlayStation parent cited "challenging economic environment" as the reason for the price increase. PS5 Price Hiked in the US The price of the standard physical edition PS5 is going up from $499.99 to $549.99, Sony announced in a PlayStation Blog post on Wednesday, calling the price hike a "difficult decision". PS5 digital edition now costs $499.99, up from $449.99. The PS5 Pro, too, gets a $50 price hike, up from $699.99 to $749.99

Toyota indicated it faces a 1.4tn yen hit from Donald Trump's trade tariffs, affecting net profits and leading to a cut in guidance for the upcoming year.

South African equities showed resilience, with the JSE All Share Index rising above 100,500, driven by sectors including communications, health services, and non-energy minerals.

Trump stated that his special envoy, Steve Witkoff, made "great progress" in his three-hour meeting with Putin, aiming to end the ongoing war in Ukraine.

Every summer, there is a brief window when the produce is exquisite, especially tomatoes which are unparalleled. Enjoy them while you can.

"We responded swiftly, but there was a near-term hit to output and sales," Ostermann said.

After leading market gains last year, artificial intelligence (AI) stocks are at it again. Investors became more optimistic that President Trump's import tariffs won't represent as much of a headwind for companies as initially expected.

The current uncertainty caused by unjustified tariffs cannot persist indefinitely, and the EU is preparing for all outcomes, including well-considered, proportionate countermeasures.