Urgent.News

600+ sources. One page. See who else covered it.

Editions

Finance & Markets

‘If your tariff was 0%, there’s no need to commit fraud’: The White House is sounding off on a $112 billion tariff-dodging scheme it made worse

The Trump administration is cracking down on foreign importers of record behind the evasion—which China is at the center of.

‘If your tariff was 0%, there’s no need to commit fraud’: The White House is sounding off on a $112 billion tariff-dodging scheme it made worse

We haven't written up this one. Fortune has the full story — the link below goes straight to it.

Also reported by 2 other outlets

Read the original at fortune.com →

More in Finance & Markets

US stocks retreat from record high after weak data

The US stock market edged back from its all-time high on Friday following the latest report on the economy to come in surprisingly weak, this time about how much shoppers are spending at retailers. Such data could keep interest rates low, which is something Wall Street loves, but it also raises the risk of a slowing economy when inflation…

  • US stocks fall from record high after weak retail spending data
  • S&P 500 down 0.2%, Dow Jones 107 points, Nasdaq 0.3%
  • Consumer spending drop eases inflation concerns, may delay rate hikes