Fashion brands, and especially sports shoe producers such as Adidas, will be hit by the introduction of tariffs as the bulk of their products are made in countries including Vietnam, Indonesia and China.
Both Gulf states have played a key role in the diplomatic outreach to Syria’s new rulers since the ouster of longtime strongman Bashar al-Assad in December.
Governor Gavin Newsom touted new data from the International Monetary Fund (IMF) and the US Bureau of Economic Analysis showing California’s growth.
Twelve states joined the lawsuit, which was filed with the United States Court of International Trade.
China has sent back planes it ordered from the US in its latest retaliation over Trump tariffs, the boss of aircraft maker Boeing has said.
US equities had opened the session lower, but stumbled further shortly after the opening bell when Trump called Powell a “major loser” for not cutting interest rates in a social media post
Gold hit a record $3,500 per ounce for the first time early Tuesday as President Donald Trump’s renewed attacks on Federal Reserve Chair Jerome Powell unnerved markets and sent investors into safe-haven assets
US stock markets rose on Monday after the White House said tariffs on imports of Chinese-made smartphones and some other electronics devices would not apply.
The Trump administration has indicated it will develop a new suite of tariffs on the semiconductor industry
The tariff exemption would have a major impact on tech giants like Apple, which make iPhones and other products in China.
