Asian logistics operators leasing more U.S. warehouses
Leasing by Asia-based logistics firms more than doubled in key U.S. markets last year compared with 2023.
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Trump plans tariffs on Mexico, Canada for Tuesday, while doubling tariffs on China
Trump indicated Wednesday that European countries would also face a 25% tariff as part of his reciprocal tariffs. He also wants separate tariffs on autos, computer chips and pharmaceutical drugs that would be levied in addition to the reciprocal tariffs.
UPDATE: Trump signs plan for reciprocal tariffs on U.S. trading partners
President Donald Trump’s plan increases U.S. tariffs to match the tax rates that other countries charge on imports, possibly triggering a broader economic confrontation with allies and rivals alike.
Trump readies matching tariffs on trade partners, possibly setting up major economic showdown
President Donald Trump is taking additional action to upset the world trade system, with plans to sign an order as soon as Wednesday that would require that U.S. tariffs on imports match the tax rates charged by other countries.
Trump once again slaps taxes on foreign steel, aluminum
President Donald Trump is hitting foreign steel and aluminum with a 25% tax. If that sounds familiar, it’s because he did pretty much the same thing during his first term.
Chinese tariffs to take effect, ratcheting up trade war with U.S.
While the leaders of Canada and Mexico managed to strike political deals to delay the implementation of the tariffs Trump had slapped on their products, China has not struck such a deal.
Trump says he will announce 25% steel and aluminum tariffs
President Trump also reaffirmed that he would announce “reciprocal tariffs”—meaning that the U.S. would impose import duties on products in cases where another country has levied duties on U.S. goods.
China counters with tariffs on U.S. products, will also investigate Google
China announced retaliatory tariffs on select American imports just minutes after a sweeping levy on Chinese products imposed by U.S. President Donald Trump took effect.
Pledges to boost border enforcement prompt Trump to pause tariffs on Canada and Mexico
While the trade war feared by investors, companies and political leaders now seems less likely to erupt, that doesn’t mean the drama over President Trump’s tariff threats has ended.
Trump pausing planned tariffs on Mexico, but not for Canada, China
U.S. President Donald Trump and Mexican President Claudia Sheinbaum put their planned tariffs on hold Monday for a month to give time for further negotiations.
Trump says Americans could feel ‘some pain’ from tariffs as he threatens more import taxes
President Trump on Sunday night returned from Florida and threatened to impose steeper tariffs elsewhere, telling reporters that the import taxes will “definitely happen” with the European Union and possibly with the United Kingdom as well.
From avocados to autos, Trump tariffs on Canada and Mexico could hit close to home
The United States now does far more business–exports and imports alike–with both Canada and Mexico than it does with China.
Westfield sees potential for business with South Korean companies, starting with hotel
Westfield officials hope a proposed $50 million hotel by South Korean-based Lotte Hotels & Resorts could provide an opening for more business with the country. City officials are planning an economic development trip to Asia in March to explore the possibilities.
Deadline extended on Nippon’s bid for U.S. Steel, offering hope that deal isn’t dead
The new deadline, now in mid-June, was viewed by U.S. Steel—and investors—as an opportunity for the companies to complete the acquisition.
What to know as Supreme Court takes up TikTok ban
The Supreme Court on Friday will take up TikTok’s high-stakes challenge to a federal law that would effectively shut down the wildly popular video-sharing platform this month unless the company divests from Chinese ownership.
Trump says he will change Gulf of Mexico’s name. Can he do that?
President-elect Donald Trump provided no details about how he planned to implement the name change, but the comments sparked immediate questions about whether a president has the authority to rename an international body of water.
Trump announces $20B data-center investment by Emirati businessman
The promised investment feeds into an existing boom for constructing data centers used in the development of artificial intelligence and expansion of cryptocurrency.
Canada’s Trudeau announces resignation after nearly decade as prime minister
Canadian Prime Minister Justin Trudeau became deeply unpopular with voters in recent years over a range of issues, including the soaring cost of food and housing, and surging immigration.
New bills seek to sever state business ties to companies in adversarial countries
The two bills are focused on reducing the influence of countries potentially posing a threat to the United States and Indiana.
Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe
Ford sales fell 15.3% in the first nine months of the year compared to the same period last year, according to the European Automobile Manufacturers’ Association. The company’s market share shrank to 3% from 3.5%