Don't be too worried about east coast port shutdown, says top shipper
Despite some strident language from union leaders, shippers using US east coast ports should expect ...
The US will not be putting tariffs on EU automotive goods, according to European Commission president Jean-Claude Juncker. This follows the news that US consumers and businesses paid an additional $38bn on tariffed products between February 2018 and September 2019. The tariffs on China will cost US households up to $1,000 a year, according to JP Morgan, while Moody’s estimated that the tariffs had reduced US employment by 300,000.
Mr Juncker told German newspaper Suddeutsche Zeitung that there would be no automobile tariffs – although “Trump will ruffle a bit”, he added. Bloomberg reports.
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