Live Breaking News & Updates on Tariffs Administration
Stay updated with breaking news from Tariffs administration. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Just thought things couldnt get any worse u. S. Chinese relations take another walloping this time of the hong kong preferential trade treatment. Im going to lets do business a sweet deal for apple the american multinational does not have to pay back 13000000000 euros in taxes to while it was what the e. U. Had been trying to force the company into doing but the Irish Government took the case alongside apple to europe 2nd highest court its long denied that its tax arrangements with the take them out to a legal state 8 the European Commission is expected to appeal the ruling to the European Court of justice. Earlier this year and then irish Prime MinisterCurrent Apple chief executive tim cook had an anniv ....
Holding onto those gains. The s p 500 up. The nasdaq is up 2. 4 . The dow is up 1. 8 . Chipotle is at the top but like many other companies it beat estimates. The dollar continues to strengthen. Standing by with a deeper dive into the action we have taylor riggs. Taylor you mentioned crude on your board and i wanted to start with oil prices. They were up 20 or so after six days of losses. Theyre trying to rebound but still down where the 50 . It is unbelievable the price action. U. S. Oil inventories have risen for a 13th straight week but there is potential positive news. Yesterday, they were shortselling on a stock and if it plunges more than 10 that would apply to the largest etf. Some of the reasons we are seeing some stability. We need to talk about the largest oil etf. It is tracking crude prices pretty closely on a yeartodate basis. We know that yesterday there was a premium to the shares given that they ran out of what to sell investors. Theyre trying to take advantage of low o ....
Cspans q a. This week on newsmakers, neil bradley, the chief policy officer and executive Vice President of the u. S. Chamber of commerce. Thank you very much for being here. Neil thanks for having me. Greta we still we also have with us Jeanna Smialek with the New York Times and chris with rugaber with associated press. Chris. Chris lets talk about trade. 40 of the fortune 500 has complained on earning calls and so forth about the impact of President Trumps tariffs on chinese imports and other items. How big an impact, how much is this hurting companies . I am interested how you may compare it to the benefits of the tax cut in 2017, which reduced rates on business. Have these tariffs got into a point where there almost offsetting the benefits of the tax cut . Neil ....
Point where there almost offsetting the benefits of the tax cut . Neil they are certainly dampening the benefit of the tax cut. There are two aspects of the tariffs on business that are impacting business. The first is the tariffs already in place and are at cost. The second is uncertainty of additional tariffs. That is playing out over the next several months with respect to china and even automobiles, with respect to tariffs on automobiles. And if you are running a company by the way, not just Large Companies if you run a company, you have difficult y planning, because you dont know the cost of goods you are buying to either sell to consumers in the United States or the cost of something you are making in the United States. That is a real problem. The other side of that is not just tariffs on our imports, it is tariffs ....