Trade War News Updates

President Trump said April 6 that reopening the strait was “a very big priority,” despite also saying in recent weeks that it wasn’t among the core objectives.

“The probability of increasing pricing slightly or potentially increasing tariff surcharges over the year has increased,” said Eva Scherer, Daimler Truck CFO.

The Federal Open Market Committee voted 11-1 to hold the benchmark federal funds rate in a range of 3.5% to 3.75%. Governor Stephen Miran dissented.

The moves include issuing more individual licenses allowing foreign companies to work in Venezuela without violating U.S. sanctions.

“We’re resetting the meeting,” Trump said March 17 at the White House during a sit-down with the Irish prime minister. “[China was] fine with it.” 

“Spain has absolutely nothing that we need other than great people,” President Trump said. “They have great people, but they don’t have great leadership.”

“One of the things in this industry is that there’s always uncertainties,” Krista Swanson, chief economist at the National Corn Growers Association, said in an interview.

The most immediate impact from the escalating Middle East conflict is through market reaction as investors take flight to safe havens such as the dollar and gold, while stocks slump.

“We expect that level to remain in place. We don’t intend to escalate beyond that. We intend to really stick to the deal that we had before,” Jamieson Greer said on Fox Business.

President Trump said Feb. 20 that he planned to impose a flat 10% levy on foreign goods and that he would order a raft of trade investigations that should allow him to enact more permanent tariffs.