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
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
