The CEO of Back Market, an online marketplace for used and refurbished tech devices, says he’s witnessed the sales jump firsthand. Back Market saw its sales triple over a single week in the wake of Trump’s tariffs announcements, says Thibaud Hug de Larauze. Hug de Larauze’s takeaway from Back Market’s boom week: More Americans could … Read More
I read an online blog posted by a man that showed, in a simple example, how tariffs can work FOR us. He uses a simple padlock, one manufactured in China, and an identical one made in the USA. The lock made in the USA was $2.00 more than its import clone, $5.00 vs. $3.00 for … Read More
For many vendors, the measures have already cost them customers, slashed their profits and forced them to pivot to other markets. When CNN visited the market earlier this week, many voiced both concern and bewilderment at Trump’s actions, but also desire for a peaceful resolution as they pick up the pieces of their disrupted businesses. … Read More
In the two weeks since President Trump unleashed his sweeping set of reciprocal tariffs, many U.S. trade partners have a clear plan to convince Washington against reimposing stiff duties on their exports to the U.S.: Buy more American goods. Many are rushing to do so –in a bid to eliminate their trade imbalances with the U.S., while … Read More
In response to China’s retaliatory tariffs and export controls, MP Materials, which owns the only U.S. rare earths mine, announced Thursday they will be ceasing shipments of rare earth concentrate to China. The company said in a statement that they have been preparing for this moment and that it reflects “a long-term vision built to … Read More
Under a plan put forward by the US Trade Representative on Thursday, all Chinese-built and -owned ships docking in the US would be subject to a fee based on the volume of goods carried, on a per-voyage basis. The proposal follows a months-long investigation ordered by the Biden administration into whether Chinese shipbuilding threatens US … Read More
Hong Kong’s postal service will stop handling packages coming from or going to the United States, in the latest retaliatory move amid an escalating trade war between Washington and Beijing. In a statement published Wednesday announcing the decision, the government of Hong Kong cited US President Donald Trump’s decision last week to eliminate the so-called … Read More
Because the tariffs avoid anything made nationally versus internationally, Gagnon has avoided price increases for his products and is fighting off the international competition. Additionally, even though half of his products are shipped internationally, Gagnon says that the steel industry here in America will only continue to grow. Read the article.
Trump tariffs in 2016 sent a glut of cheap Chinese imports, originally intended for the US, into South East Asia, hurting many local manufacturers. But they also opened new doors for other businesses, often into global supply chains that wanted to cut their dependence on China. But Trump 2.0 threaten to shut those doors, which … Read More
The US will begin imposing tariffs of more than 20% on most imports of tomatoes from Mexico, citing “unfairly priced” shipments from the country. A current trade agreement with Mexico for tomatoes failed to protect US growers, the Department of Commerce said in a statement released Monday. It slapped a 20.91% anti-dumping duty on most … Read More
