“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
Historians trace the origins of protectionist thought to the pre-Civil War period during which time the U.S. transitioned into a more industrial capitalist society. Protectionists presented tariffs as the essential policy to quicken the development of manufactures as well as a remedy to the social ills that afflicted the emerging industrial working class. Proponents argued … Read More
“I know several factories that have told half of their employees to go home for a few weeks and stopped most of their production,” said Cameron Johnson, Shanghai-based senior partner at consulting firm Tidalwave Solutions. He said factories making toys, sporting goods and low-cost dollar store-type goods are the most affected right now. Around 10 … Read More
In April, the U.S. witnessed a historic surge in tariff revenue, reaching an unprecedented $15.4 billion. This marked a 60% increase from the previous month, setting a new record for monthly revenue in American history. According to data from the Treasury Department, this spike coincided with the implementation of new tariffs under President Trump’s administration, including … Read More
