Among the main drivers of Beijing’s climb-down were internal signals that Chinese companies were struggling to avoid bankruptcies and to replace the U.S. market, three people familiar with the Chinese government’s thinking said. Some areas feeling immediate impact were furniture and toy makers, as well as textiles, said one of the officials. U.S. diplomats in … Read More
My business, my tiny team, and my family’s livelihood are all on the edge of collapse if I don’t do something in response to the tariffs. Like any problem-solving small-business owner would, I’ve found a solution: bring my manufacturing here to the USA, just as the administration wants. This is a bold move to not … Read More
The first shipping containers carrying Chinese products that are subject to President Donald Trump’s 145% tariffs have begun arriving in U.S. ports. Seven ships carrying upward of 12,000 containers that sailed from China after those tariffs took effect have arrived at the ports of Los Angeles and Long Beach, in California. Five more such ships … Read More
The arrangement keeps in place a 10% baseline tariff, according to people familiar with it, who spoke on condition of anonymity to discuss the terms. The 10% level is seen by administration officials as a minimum floor on trading partners, essential to raising revenue in the US and deterring trade cheating. In an earlier speech … Read More
Tariff reciprocity was always a terrible idea. India, home to 607 million workers making around $550 per month in mid-level manufacturing jobs, would happily replace American steel workers and high-paid pharmaceutical lab workers in a zero-for-zero trade deal. A top paid laboratory technician in India makes about $35,000 a year. That’s a small fortune in … Read More
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
