The U.S. Threatened France With China-Style Tariffs Over Its Digital Tax Plans. The French Didn’t Blink

The U.S. is so upset about France’s proposed tax on digital giants that it’s threatened to use the same tariff law against the European country that it’s deployed against China. But on Thursday French lawmakers approved the measure anyway. France unveiled the tax in March, following the breakdown of attempts to form a united European […]

Dell, HP, Intel, and Microsoft Team Up to Oppose Trump Tariffs on Laptops and Tablets

Dell Technologies, HP, Intel, and Microsoft are joining forces to oppose President Donald Trump’s proposed tariffs on laptop computers and tablets among $300 billion in Chinese goods targeted for duties. The companies submitted joint comments opposing the tariff escalation, saying it would hurt consumer products and industry, while failing to address China’s trade practices. The […]

A Majority of Economists Think There Will Be a Recession By the 2020 Election

How’s the economy doing? Better than you might expect, and worse than you might have hoped, according to the National Association of Business Economics. According to the organization’s latest survey of 53 professional economic forecasters, the consensus is that the economy will continue to grow at a 2.6% pace in 2019, down from last year’s […]

Trump Threatened Mexico With Tariffs, But His Demands Are Vague

President Donald Trump made clear that he’s prepared to impose tariffs on Mexico over a surge of migrants at the southern U.S. border. What he didn’t specify was what he wants Mexico to do to avoid the penalties. Nonetheless, Mexican President Andres Manuel Lopez Obrador he’s optimistic of achieving “good results” from a high-level meeting […]

Huawei Wants to Play Nice With Google and Microsoft, But Has Its ‘Last Resort’ Ready

Huawei is an electronics powerhouse that has relied on partnerships with Google and Microsoft to help boost its global business. But the Chinese company must now face the possibility of a future without its American partners. Microsoft removed Huawei laptops from its online store on Friday, marking the latest move against Huawei after it was […]

U.S. Tariff Deal with Mexico, Canada Is Also About Cutting Off China’s Steel

The U.S. has reached an agreement to drop steel and aluminum tariffs on the two countries in return for preventing Chinese steel from coming over their borders into the U.S. In a speech before the National Association of Realtors, President Trump said, “I’m pleased to announce that we’ve just reached an agreement with Canada and […]

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 […]