The tariff trouble starts with oil

Quick Summary:

But even at 10 per cent, the tariffs may depress growth or increase inflation.

While oil is a global market, it relies heavily on local infrastructure and, as Europe experienced after shutting Russian pipelines at the start of the war in Ukraine, supply chains take time to adjust.

Looking across makers and retailers of big-ticket discretionary goods, it is hard to find one where US sales are growing recently (the furniture brand RH had a good quarter, after a bumpy few years).

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Article Details

Author / Journalist: Robert Armstrong

Category: MarketsFinanceInvesting

Markets: United StatesCanadaChinaMexicoUkraine

Topics: Increase Tariffs Quarter Spending Global Markets Durable Canada Goods Canadian Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-03 @ 06:30:53 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 926 words

Reading Time: 6 minutes read

Sentences: 45 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 25773101

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 9 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

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News Language: English

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Publisher ID: #3

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