Trump’s threatened tariffs might not hit clothing retailers much now, but analysts warn price increases could backfire
Lots of clothes on store shelves could get a bit more expensive if new tariffs announced by President Donald Trump over the weekend eventually take hold. But after three years of price increases and higher costs of living, some Wall Street analysts say shoppers might be too worn out to buy any of it.
Trump tariffs could raise drug costs, worsen shortages
Shana Novak | Stone | Getty Images President Donald Trump’s steep tariffs on Canada, Mexico and China could worsen existing drug shortages in the U.S., raise health-care costs for patients and threaten cash-strapped generic drugmakers, some drug trade groups warn. Trump on Saturday announced he would impose a 25% tariff on nearly all goods shipped […]
Buying a house amid the trade war? Here’s what to expect from mortgage rates.
The chaos of the trade war could have big implications for the housing market.
Construction and home costs could rise
The U.S. housing market was already struggling under the weight of high mortgage interest rates, a low supply of existing homes for sale and historically high home prices. Now tariffs on building materials are adding even more pressure. About 30% of softwood lumber consumed in the U.S. is imported, largely from Canada. Wallboard, known as […]
U.S. booze stocks tumble as Canada prepares to retaliate against Trump tariffs
Constellation Brands led a selloff of U.S. alcohol stocks on Monday as Canada retaliated against Donald Trump’s tariffs.
‘How do I shield my retirement savings?’ I’m worried they won’t have time to recover from Trump’s trade war
“I’ve been in the nonprofit world my entire career, so my 403(b) is less than $500,000.”
Trump tariffs could threaten Hollywood production, box office recovery
The Hollywood sign in Los Angeles on Jan. 22, 2024 Mario Tama | Getty Images News | Getty Images LOS ANGELES — President Donald Trump just picked a fight with Hollywood’s best friend. Known as Hollywood North, Canada has been a bustling production hub for American film and television series for decades. In addition to […]
Larry Summers on Trump tariffs: ‘This is a stop-or-I’ll-shoot-myself-in-the-foot’ kind of policy
Former Treasury Secretary Larry Summers minced few words in an interview after President Donald Trump’s decision to impose 25% tariffs on Canadian and Mexican goods.
Here are January’s best and worst stocks — and what may lie ahead for them
Despite all the fireworks on Monday, including a 17% decline for Nvidia’s stock, the S&P 500 index ended January with a 2.8% gain and 72% of its stocks were up for the month.
Dow futures tumble, oil surges after Trump tariffs end ‘self-delusion in markets’
U.S. stock-index futures were expected to open lower Sunday night after President Donald Trump announced heavy tariffs on imports from Canada, Mexico and China, as investors braced for volatility across financial markets.
