U.S. President Donald Trump’s recent flurry of trade deals have given Asian exporters some clarity on tariffs, but missing are key details on how to avoid punitive rates that target China’s supply chains. https://www.japantimes.co.jp/business/2025/07/26/economy/trump-tariffs-china-asia/?utm_medium=Social&utm_source=mastodon #business #economy #china #globaleconomy #asia #tariffs #trade #us #donaldtrump

Ouch. #Trump #tariffs take a $1 billion bite out of #GM earnings
#GeneralMotors' second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront challenging #tariff policies, which it said sapped $1.1 billion from the results.
#economy #inflation #recession
https://www.reuters.com/business/autos-transportation/trump-tariffs-take-1-billion-bite-out-gm-earnings-2025-07-22/
Ouch. #Trump #tariffs take a $1 billion bite out of #GM earnings
#GeneralMotors' second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront challenging #tariff policies, which it said sapped $1.1 billion from the results.
#economy #inflation #recession
https://www.reuters.com/business/autos-transportation/trump-tariffs-take-1-billion-bite-out-gm-earnings-2025-07-22/

I just had to pay a $224.30 #tariff on a package from the UK. I paid that. Not China. Who does this benefit?