Fitch: US tariffs impact starting to appear in macro data - Breaking The News
Download our appPlay StoreApp Store

Fitch: US tariffs impact starting to appear in macro data

EPA-EFE/JUSTIN LANE

Fitch Ratings said on Thursday that early signs of economic disruption from recent US tariffs emerged in January, with a marked surge in US imports as businesses rushed to front-load shipments.

According to a report by the global ratings agency, the sharp rise was led by industrial supplies and consumer goods, showing a clear pre-tariff stockpiling pattern.

Canada's exports to the US spiked during the same period, particularly in motor vehicles, industrial machinery, and metals. Canadian auto exports rose 17% month-on-month, reaching their highest level in nearly six years. Meanwhile, Japan saw an uptick in shipments to Mexico.

Related News
Trump, Carney talk trade and security
Canadian Prime Minister Mark Carney spoke with United States President Donald Trump on Thursday, according to a statement from Carney's office. The discussion covered trade issues, economic opportunities and shared priorities in the two countries' security relationship.The leaders also addressed strategies to reinforce "long-term peace and security" for Ukraine and Europe, emphasizing the importance of continued cooperation. Carney's office...
Navarro: No exemptions on steel, aluminum tariffs
United States Senior Counselor for Trade and Manufacturing Peter Navarro told reporters on Thursday that Washington will keep its tariffs on steel and aluminum without exemption for the European Union."There will be no exemptions, no exclusions for steel and aluminum tariffs," the official stated. He explained that the US added over 400 new products to the list of these materials only this week to prevent manipulation and circumvention of...
Sefcovic: US 15% car tariff will be applied retroactively
European Commissioner for Trade and Economic Security Maros Sefcovic said on Thursday that the United States' 15% tariff on cars and car parts will be applied retroactively back to August 1."I believe this is welcome news for our car industry, which was bleeding a lot of cash over the last few months," Sefcovic said. He also stated that the framework for the trade deal between the European Union and the US, which was released today, is "the first step,...
EU plans to buy $750B in US energy products
The European Union announced on Thursday its plan to procure United States energy products worth $750 billion through 2028, as well as "at least $40 billion worth of US artificial intelligence chips," and to increase purchases of US military equipment.The US and the EU issued a joint statement earlier on the trade framework, outlining key terms of the deal. Per agreement, the bloc will drop all tariffs on US industrial goods, while Washington pledged to apply "the...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.