Following previous announcements regarding impending tariffs on Canada and Mexico, President Donald Trump has officially imposed 25% tariffs on Mexican and Canadian imports. The president also increased tariffs on Chinese products to 20% and taxes on Canadian energy will be …
Read More »Tag Archives: tariffs
New Tariffs on Steel, Aluminum Announced
After multiple tariffs on imports from China, Mexico and Canada were announced then placed on hold in early February, President Donald Trump announced a new round of tariffs on Feb. 10 that would raise steel and aluminum imports to a …
Read More »The Latest on China, Canada and Mexico Tariffs
President Donald Trump has announced multiple tariffs since taking office in January. Here’s the latest on where China, Canada and Mexico stand with the impending and active tariffs. China As of Feb. 4, President Trump implemented a 10% tariff on …
Read More »Mortgage Rates Increase in January
Mortgage rates have been climbing since mid-December, with an average 30-year fixed-rate mortgage reaching 6.96% in January, before easing after the bond market stabilized following President Donald Trump’s postponement of tariffs until Feb. 1, the National Association of Home Builders …
Read More »Import Cargo Surge Continues Into January
A tentative labor agreement has recently halted a potential strike at East Coast and Gulf Coast ports, but major container ports in the U.S. have already seen a surge in imports. According to the Global Port Tracker report from the …
Read More »Increase In Imports Expected at U.S. Ports With Looming Tariffs and Potential Strike, NRF Says
The Global Port Tracker report released today by the National Retail Federation (NRF) and Hackett Associates details an expected surge in imports from now until next spring due to an imminent increase in tariffs and potential strike at container ports …
Read More »Retailers Must Diversify to Overcome Tariff Tensions
Writing for the National Retail Federation (NRF)’s blog, president and CEO Matthew Shay reflected on the effects recent tariff escalations between the U.S. and China have taken on retail supply chains. Review some of his takeaways here. Retailers can’t move …
Read More »Home Depot Reports Q2 Financial Growth
Big-box home improvement retailer Home Depot has released its second-quarter 2019 financial results, reporting second-quarter sales of $30.8 billion. This figure represents a 1.2 percent increase over the same period in 2018 and a 16.6 percent increase over the company’s …
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