The backlash against a China trade shock 2.0 is picking up steam. Mexican lawmakers gave final approval for new tariffs on Asian imports, broadly aligning with US efforts to tighten trade barriers against China, as President Claudia Sheinbaum seeks to protect local industry. Mexico’s Senate voted Wednesday in favor of a bill that imposes tariffs … Read More
Millions of holiday shoppers across America are filling their baskets with pricey video game consoles, likely unaware of a seismic supply-chain shift that’s done away with the familiar “Made in China” label. Instead, for most consoles sold this year — from Sony Group Corp.’s PlayStation, to Xboxes from Microsoft Corp., and this season’s hot-ticket item, … Read More
85% of CEOs believe U.S. tariffs will hurt American business, while nearly 62% believe the direction of the country is on the “wrong track,” according to new research from Stagwell research firm National Research Group. That said, CEOs as a group are more confident in the current state of the economy than the American public. … Read More
French President Emmanuel Macron said he had threatened Beijing with tariffs during his state visit to China if there was no action taken to reduce the country’s ever-widening trade deficit with the European Union. During Macron’s visit earlier in December, he urged China to boost cooperation on “unsustainable” global trade imbalances, geopolitics and the environment. … Read More
Even at a time of inflation, tariff concerns and economic uncertainty, Americans opened their wallets on Black Friday, chasing deep discounts and stretching their budgets where they could. Data released Saturday showed that shoppers seized on Thanksgiving and Black Friday deals, spending significantly more than last year online and slightly more in stores, though they … Read More
India’s exports to its largest export market, the United States, have suffered a sharp reversal under the impact of aggressive tariff hikes. Between May and October 2025, shipments fell 28.5 per cent, plunging from USD 8.83 billion to USD 6.31 billion, according to trade-focused think-tank Global Trade Research Initiative (GTRI). The decline in exports followed … Read More
Shoppers are increasingly gravitating toward American-made products this holiday season, driven by President Trump’s tariff policies and rising patriotic sentiment, according to the Alliance for American Manufacturing. Recent polling reveals that 50% of Americans are more inclined to purchase Made-in-USA gifts this year, representing a significant shift in consumer behavior. The trend appears linked to … Read More
With the Trump administration taking over the office, we have seen an ‘unprecedented’ level of chip demand coming in from US customers, which is why companies like TSMC have pledged to invest ‘hundreds of billions’ into America to ensure that the nation has a resilient chip supply chain. Projects like TSMC Arizona indicate that the … Read More
“We’re seeing a very positive start to the holiday season,” said Jill Renslow, chief business development and marketing officer at the Mall of America in Bloomington, Minnesota, which plans to give gift cards and other giveaways to the first 250 customers who show up at 7 a.m. on Friday. “The last few Saturdays in November … Read More
The affordability crisis is primarily a result of price increases in five major sectors of consumer spending: housing, food, health care, child care, and energy. In none of those sectors are tariffs a significant factor. In fact, there are pretty clear drivers of the price increases in each of those sectors, and they are all … Read More
