SEOUL—Hyundai Motor Co.’s labor union has warned that the 25 percent automotive tariffs being considered by President Donald Trump could jeopardize 20,000 factory jobs in Alabama.
WASHINGTON—Prices of new cars and trucks could jump by several thousand dollars in the U.S. if President Donald Trump follows through on his threat to raise tariffs on imports.
In January, President Donald Trump traveled to Davos, Switzerland, to speak at the annual World Economic Forum (WEF). His message: "America is open for business."
WASHINGTON--The Institute for Supply Management, a trade group of purchasing managers, reported Monday that its manufacturing index slipped to 59.3 last month from February's reading of 60.8, which had been the highest since 2004. Any score above 50 signals growth.
Last month, I wrote about the Trump administration's decision to impose tariffs on imported washing machines. As with much of what this administration has done so far, there were no shortage of opinions one way or the other, and I received many comments.
WASHINGTON—The Commerce Department has proposed a 24 percent global tariff on steel shipments coming into the U.S. and a 7.7 tariff on imported aluminum.
BENTON HARBOR, MI—Whirlpool Corp. is adding 200 jobs after the Trump Administration imposed a tariff of up to 50 percent on large residential washing machines, a penalty aimed at imports from rivals Samsung Electronics Co. and LG Electronics Inc. The new full-time employees will work at an assembly plant in Clyde, OH.
SEOUL—The federal government’s decision to impose tariffs of up to 50 percent on imports of washing machines and key components could disrupt the supply chains to the U.S. assembly plants of Samsung Electronics and LG Electronics.