‘Catastrophic for Our Consumers’: Nike, Adidas Slam Tariffs In Open Letter to Trump

Nike Inc., Adidas AG and other footwear giants urged President Donald Trump to reconsider his tariffs on shoes made in China, saying the policy would be “catastrophic for our consumers, our companies and the American economy as a whole.” In all, 173 companies signed an open letter to the president, dated Monday and posted on […]

Tesla Stock Plunged Due to Fear of Auto Tariffs from China

The re-escalation of the U.S.-China trade war is hitting Tesla Inc. shares hardest among major automakers, with investors betting it won’t be long before cars crossing the two countries’ borders are again subject to bigger tariffs. Tesla plunged as much as 6.3% to $224.50, the lowest intraday since January 2017, after China defied U.S. President […]

Trump Tariffs Shedding $1.4 Billion a Month in Consumer Income, Study Says

President Donald Trump has used tariffs as a negotiating tactic with international governments. But those tariffs might be hurting U.S. consumers more than anyone else, according to a new study. The tariffs and Trump’s broader trade policies with foreign governments reduced U.S. consumers’ monthly income by $1.4 billion by November 2018, according to a study […]

While EU Dithers over Trade Strategy, German Auto Bosses Head to Washington

Amid fears of what U.S. tariffs on European car imports could do to the auto industry, EU ministers are meeting Friday to come up with a plan for trade negotiations with President Donald Trump. Germany, whose auto industry has been struggling and whose cars account for half of all its exports to the U.S., wants […]