Tag: Tariffs and trade
The mighty American consumer keeps shrugging off tariffs as retail sales rise 0.5% in July
Shoppers spent at a healthy pace in July, particularly at the nation’s auto dealerships, as they shrug off President Donald Trump’s tariffs, which are starting...
Walmart, once ordered to ‘eat the tariffs,’ is giving employees a year-round 10% discount to help them eat
In its largest employee perk rollout in years, Walmart is extending its 10% grocery discount to cover nearly all food categories for its 1.6...
Another tariff warning sign as wholesale inflation surges unexpectedly in July
U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs higher.
The Labor Department reported Thursday...
U.S.-China chip war: How Trump’s Nvidia-AMD deal has redefined Washington’s export control policy
Under both the first Trump and Biden administrations, Washington argued that it needed to limit China’s technological development by barring more and more sensitive...
Goldman Sachs doubles down on tariff research that infuriated Trump, saying average Americans will bear two-thirds of the costs
Goldman Sachs is refusing to back away from its analysis that Americans—not foreign exporters or overseas governments—are bearing the majority of costs from President...
Switzerland warns its companies that no, they can’t dodge Trump’s tariffs by routing goods through the tiny neighboring country of Liechtenstein
The Swiss government is telling its domestic companies that they have not, in fact, found a clever way to skirt President Donald Trump’s tariffs...
In Trump’s year of cost-cutting and efficiency, national debt soars past $37 trillion
President Trump has got plenty of ideas about how he’ll address national debt: He’ll pay it down through tariffs, or offset some of the...
Toy shortages this holiday shopping season are an ‘absolute inevitability’ thanks to tariffs, manufacturing CEO says
This holiday season, toy shortages are an “absolute inevitability,” according to Jay Foreman, CEO of Florida-based toy manufacturer Basic Fun.
A combination of tariff-induced production...
Inflation is staying level—for now—but the next wave of tariff-driven price increases is already in motion: ‘They are going up, we’ve seen that’
WASHINGTON (AP) — U.S. inflation was unchanged last month while a measure of underlying inflation rose to its highest level in five months, as...
Markets cashed in on the war in Ukraine but may like peace with Russia even more, top analysts say
While European markets benefited from the Ukraine war, analysts believe peace could boost the euro and stocks even more. Lingering distrust of Russia means...