Tariffs - News for amigos, by amigos

Tariff Troubles: U.S. Economy Stumbles Under New Levies

New tariffs are straining the U.S. economy, fueling job risks and higher costs, with sectors like automotive feeling the pressure.

Apple faces a $900M tariff hit in Q3, shifting iPhone production to India while the Chinese mainland stays key for international sales.

CUSMA exemption spares Canadian & Mexican auto parts from Trump’s 25% tariff starting May 3, easing the trade scene.

The U.S. Chamber warns that tariffs are harming small businesses and stoking recession fears, urging urgent tariff relief.

U.S. retail giants face an economic pinch as Amazon’s plan to display tariff costs sparks a heated debate.

U.S. tariffs led to a 0.3% GDP drop in Q1 2025, sparking expert warnings of a recession and prolonged economic pain.

New tariffs spark a 7.9-point drop in U.S. consumer confidence to a May 2020 low, fueling fears of rising living costs.

Trump’s tariffs could soon cut U.S. toy options to just 2 dolls instead of 30, warns a survey of American companies.

Trump’s ‘war capitalism’ uses steep tariffs that could spark trade wars and push the U.S. toward economic turbulence.

China remains unfazed by U.S. tariff hikes. Yao Yang warns there are no winners in a trade war and urges America to focus on domestic reforms.