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Global Trade & Economics: Page 97

Tariffs Take Toll as IMF Slashes U.S. Growth Forecast for 2025

The IMF also now believes there is a 40% chance of a recession in the U.S., up from 25% in October 2024.

Photo: iStock/Diego Thomazini

Tariffs Could Open Door for Companies to Pad Profits

Senator Elizabeth Warren highlighted fears that the "chaotic approach" to trade could enable corporations to increase prices "regardless of whether goods are actually subject to tariffs."

Photo: iStock / Cristina Gaidau

DHL Halts U.S. Deliveries to Consumers of Packages Worth More than $800

Previously, packages worth up to $2,500 could enter the U.S. with minimal paperwork but the threshold has been lowered.

Chorleywood, U.K. Photo: iStock.com/Jaroslaw Kilian

Mazda to Pause U.S. Production of CX-50 Cars Destined for Canada

Trump’s 25% tariffs on imported cars and parts, along with Canada’s retaliatory duties, have forced Mazda and other foreign brands to balance short-term relief with long-term consequences.

A Mazda CX-50. Photo: iStock/jetcityimage

USTR Sets Out Punitive Fee Structure on Chinese Ships

Under the measures, Chinese ship owners and operators will initially be charged $50 per ton of cargo, rising by $30 a ton each year for the next three years.

Photo: iStock/Sjo

Shippers 'Hit the Brakes' as Tariff Fears Trigger Booking Slump

U.S. imports fell by 64% between March 31 and April 8, while U.S. exports dipped by 30%, driven in large part by the fallout from sweeping tariffs announced by Trump.

Port of Long Beach. Photo: iStock / trekandshoot

CNBC Supply Chain Survey Shows Reshoring is a No-Go

Most companies said bringing back supply chains within the U.S. could as much as double their costs, and it would be more cost-effective to relocate them to lower-tariffed countries.

Photo: iStock/Kenneth Cheung

California Sues to Block Trump Tariffs

The lawsuit argues that the U.S. president’s invocation of emergency powers to unilaterally escalate a global trade war, which has raised fears of recession, is unlawful.

Then-Lieutenant Governor Gavin Newsom at the 2018 San Francisco Pride Parade. Photo: iStock/Tommy Wu

Hong Kong PO Halts All Packages Bound for U.S.

“The U.S. is unreasonable, bullying and imposing tariffs abusively,” the postal service said in a statement posted to the Hong Kong government’s website.

Photo: iStock/Yau Ming Low

Italy’s Secretive Shipping Tycoon Thrust Into Spotlight with New Port Deal

Aponte and his family-controlled Terminal Investment Ltd. are the main investors in a consortium looking to buy 43 ports from Li Ka-shing's CK Hutchison Holdings.

Gianluigi Aponte. Photographer: Sebastien Salmon-Gomis/AFP/Getty Images via Bloomberg.

Trump’s Tariffs Challenged in Court of International Trade

The Trump administration faces a similar lawsuit in Florida federal court, where a small business owner has asked a judge to block tariffs imposed on China.

Photo: iStock/May Lim

Trade War Escalates as China Targets Mineral Exports, Aviation

China produces more than 90% of the world's supply of refined magnet rare earth elements, used as components for semiconductors, planes, drones, and even missiles.

Photo: iStock.com/Photofex

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