China's Rare Earth Mineral Export Controls

China retaliates against Trump's tariffs with more export controls on rare earth minerals, vital to electronics and batteries. China maintains global supply but limits U.S. access. Alternative suppliers have increased production. Chinese export controls target seven minerals with military applications. South Korea assesses impact and seeks alternative supplies.

Impact of President Trump's Tariffs on Global Economy

President Trump abruptly reversed long-standing trade policies, announcing massive tariffs that triggered a stock market crash and global economic uncertainty. The move resulted in retaliatory tariffs from China, margin calls for hedge funds, and a significant devaluation of the US dollar, leading to fears of a global recession.

Impact of Trump tariffs on manufacturers

Sen. Ron Johnson discusses the impact of Trump tariffs on manufacturers and the need for exemptions to ensure businesses can survive.

General Motors production expansion due to Trump's tariffs

General Motors plans to expand production at its plant in Indiana due to President Trump's tariffs on foreign-made cars. The automaker will increase production of light-duty trucks at the Fort Wayne Assembly Plant and hire several hundred temporary workers.

Election and Tariffs Update

Wisconsin and Florida voters participate in key elections, investors prepare for new Trump tariffs.

Walmart asking Chinese suppliers to absorb cost of Trump's tariffs

Walmart is asking its Chinese suppliers to cut prices to absorb the cost of Trump's increased tariffs on Chinese-made products in order to keep prices low for American consumers. Studies show that companies tend to absorb tariffs rather than passing the costs to customers.

Impact of Trump's Tariffs on Italian Wine and Fashion Exports to the U.S.

President Trump's threats to impose new tariffs on European goods has caused Americans to stockpile Italian wines, particularly Prosecco. U.S. imports of Italian wine, mostly Prosecco, increased by 41% in November after Trump's election. Italian wine growers and the fashion industry in Italy are concerned about the impact of potential tariffs on their exports to the United States.