U.S. importers stockpile Parmigiano, Provolone as tariffs on EU cheeses loom

By Andrea Shalal and Aleksandra Michalska Parmesan cheese is seen packaged in the warehouse at Ambriola Co Inc, a unit of Gennaro Auricchio SpA, one of Italy’s largest cheese producers, in West Caldwell, New Jersey, U.S., October 4, 2019. REUTERS/Shannon Stapleton WASHINGTON/WEST CALDWELL, New Jersey (Reuters) – Ambriola Co Inc’s Continue Reading

Goldman Sachs CEO: Tariffs for political agenda can impact markets: CNBC

FILE PHOTO: David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, California, U.S., April 29, 2019. REUTERS/Mike Blake (Reuters) – Goldman Sachs Chief Executive David Solomon told CNBC on Tuesday that U.S. President Donald Trump’s use of tariffs Continue Reading

U.S. and China at impasse over trade, Kudlow says new tariffs will remain

WASHINGTON/BEIJING (Reuters) – The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests. U.S. President Donald Trump, U.S. Secretary of State Mike Continue Reading

Trump says Beijing ‘broke’ trade talk deals, pledges to keep tariffs on Chinese goods

PANAMA CITY, Fla./WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday that China “broke the deal” it had reached in trade talks with the United States, and vowed not to back down on imposing new tariffs on Chinese imports unless Beijing “stops cheating our workers.” The U.S. Trade Representative’s Continue Reading

DoubleLine’s Gundlach says new U.S. tariffs on China likely

FILE PHOTO: Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital LP., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid (Reuters) – Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on CNBC on Tuesday that he sees a better than 50% chance that Continue Reading