Shein Group Ltd. and Temu saw double-digit sales declines in the week after they raised retail prices to cover the costs of increased US tariffs, an initial sign that Donald Trump’s punitive trade measures have taken a toll on the shopping platforms’ popularity. Shein posted a 23% drop in observed US sales during the week … Read More
Supporting our fans day in and day out with every step you take on trails, jobsites, sidewalks, waterways, and playgrounds is at the heart of everything we do. Which is why we’re taking a stand: We won’t pass new tariff costs on to you. Being a family-owned, values-led, forward-thinking company, we’ve always done things a … Read More
U.S. imports from China reached $102.7 billion in the first three months of the year, data released by the Commerce Department showed Tuesday. That puts the share of imported goods from China at just 11 percent in the first quarter, down sharply from over 22 percent seven years ago. While the share of imports from … Read More
“We’re not reacting to the current threat of tariffs,” Denis Gagnon Sr. said. Excel Dryer, in East Longmeadow, is the creator of the XLERATOR Hand Dryer, which he proudly called “the best hand dryer in the world.” The hand dryer’s motor was the only major component of the dryers that was produced overseas, in Hong … Read More
France is pushing to slap fees on small packages from discount retailers including China’s Temu and Shein Group Ltd. as the flood of cheap goods risks accelerating in response to the US’s sweeping tariffs. French Finance Minister Eric Lombard said authorities are worried about unfair competition against domestic companies and that many of the products … Read More
President Donald Trump is set to sign an executive order on Tuesday to ease auto tariffs, the latest abrupt shift in a rapidly changing tariff policy that has left businesses scrambling to keep up. The 25% tariff on imported cars will continue, and a new 25% tariff on auto parts will go into effect this … Read More
Coca-Cola CEO James Quincey is holding firm on prices even as the Trump administration’s trade war drives up costs like aluminum cans and orange juice. “We’re not doing it [raising prices] out of cycle,” Quincey told Yahoo Finance. “Obviously prices went up because of a whole set of normal things — last year’s inflation — … Read More
In April 2025, a coalition of 30 Big Ag industry groups sent a letter urging Congress to “maintain U.S. leadership in the World Trade Organization (WTO)”. The letter argues that the global trading system is essential for American agriculture to “feed the world” and that WTO membership has benefitted the U.S. However, these toted benefits … Read More
The threat of Donald Trump’s tariffs and the potential collapse of North American free trade have prompted Canada to look inward. With international trade under pressure, the country is, at last, taking meaningful steps to improve trade within its own borders. Canada’s Constitution gives provinces control over many key economic levers. While Ottawa manages international … Read More
Some progress is being made. CorVent Medical, a North Dakota ventilator maker, has shifted from sourcing 70% of its parts from China to 70% from U.S. suppliers. CEO Richard Walsh noted that while metals and plastics are easier to source domestically, electronics remain difficult. Partnering with Minnesota-based Versa Electronics has helped localize some production. Pennsylvania-based … Read More
