Chinese airlines have reportedly been told to stop taking delivery of Boeing jets, and at least two new jets have left the country. It’s one way U.S trade policy could hit airplane makers, which had operated tariff-free since 1980.
The price of West Texas Intermediate is hovering around $60 per barrel — not low enough to kill the oil patch, but not generating “Drill, baby, drill!” vibes.
“What we learned from the last tariff experience is that what goes up must come down,” says Lisa Goldenberg of Delaware Steel Co. “So it's kind of a last man standing.”
As tariffs continue to pinch businesses, growth opportunities and expansions have slowed to a halt. Todd Adams, president of Sanitube, a stainless steel tubing supplier, is currently preparing for the worst.
Ahead of the planned 25% auto and retaliatory tariffs for April 2, Gretchen Blough, a customs broker manager, talks about the impact of trade and tariffs on importers.
The Trump administration’s tariffs are likely to slow down the U.S. economy, making U.S. companies and government bonds a less attractive asset. International investors have started to think about investing elsewhere.