On the 50th anniversary of the end of the Vietnam War, U.S. companies that have come to rely on Vietnam’s factories, like Apple and Nike, are in a bind because of Trump’s tariffs.
Category: Customs (Tariff)
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Chinese Factories Slow in Early Sign of Trade War’s Toll
A slowdown in commerce between the United States and China caused by escalating tariffs was evident in a report Wednesday on manufacturing activity in April.
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Starbucks Profit Drops, but Leaders Say Turnaround Is Working
Profit fell 50 percent in the quarter, and the company said one reason was its hiring of additional workers to help its turnaround strategy.
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West Coast Ports Brace for China Tariffs to Dent Import Volume Within Days
Large importers, including retailers and manufacturers, paused imports from China this month amid an escalating trade war. Ports are now poised to feel the fallout.
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White House-Amazon Spat Culminates in Trump Calling Bezos ‘Very Nice’
The White House press secretary, Karoline Leavitt, attacked the retail giant over a report that suggested Amazon would highlight tariff-related price increases. Amazon said it was “not going to happen.”
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Trump to Sign Executive Order Walking Back Some Auto Tariffs
Most levies on imported cars and car parts will remain in place, but automakers have secured some relaxation of the trade policy.
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New Data Provide a Pre-Tariff Snapshot of a Stable but Slowing Labor Market
But the effects of the levies, which have created uncertainty for businesses, have not yet been fully felt.
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Are Shein and Temu Prices Going Up? What to Know as Trump Ends De Minimis Tariff Loophole
Starting Friday, goods from China worth up to $800 will be subject to tariffs and more paperwork under new Trump administration rules.
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Retailers Fear Toy Shortages at Christmas as Tariffs Freeze Supply Chain
Toy makers and stores are freezing holiday orders, predicting shortages and higher prices. Some are consulting bankruptcy lawyers, fearing their firms won’t survive.
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How Trump May Unintentionally Cut Carbon Emissions
Despite his administration’s lack of concern about climate change, a recession would give the atmosphere a break. At least in the short term.
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UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
The move comes as President Trump’s tariffs are reducing shipping volumes and is in addition to 12,000 job cuts last year.
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Adidas Warns Sneakers Will Cost More in the U.S. as Trump’s Tariffs Take Effect
The chief of the German sportswear giant said that unpredictability surrounding the tariffs prevented the company from issuing a full-year forecast, but he predicted a price increase for American consumers.