“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
On Friday, reports emerged that China quietly rolled back tariffs on some US semiconductors, easing pressure on its tech sector, along with certain US pharmaceuticals. Bloomberg reported that Beijing is also weighing tariff relief on medical gear and chemicals. Meanwhile, Treasury Secretary Scott Bessent suggested a US-South Korea trade deal could happen next week, praising … Read More
Solar stocks popped on Tuesday after the US said it intends to slap tariffs as high as 3,521% on panel imports from four Southeast Asian countries. The sector’s move comes after the US Department of Commerce announced the new duties following a yearlong investigation into anti-competitive exports from Southeast Asia linked to Chinese companies. Producers … Read More
Since the start of President Trump’s second term in office, a number of corporations have announced plans to expand their production capabilities in the U.S. The announcements come as some of the Trump administration’s new tariffs take effect, with other import duties still pending. Although not all the companies expecting to grow their manufacturing footprint … Read More
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
