Insulin, heart treatments and antibiotics have flowed freely across many borders for decades, exempt from tariffs in a bid to make medicine affordable. But that could soon change. For months, President Trump has been promising to impose higher tariffs on pharmaceuticals as part of his plan to reorder the global trading system and bring key…
By AFP Translated by Nazia BIBI KEENOO Published April 26, 2025 French companies exposed to the U.S. market are taking action to manage rising tariffs, using price hikes, production shifts, and cost-cutting measures to protect their margins. Bernard Arnault and Donald Trump in 2017. – Photo de Nicholas Kamm / AFP Price hikes to absorb…
President Trump’s decision to move a step closer to imposing tariffs on imported medicines poses considerable political risk, because Americans could face higher prices and more shortages of critical drugs. The Trump administration filed a federal notice on Monday saying that it had begun an investigation into whether imports of medicines and pharmaceutical ingredients threaten…
After more than a week of ratcheting up tariffs on products imported from China, the Trump administration issued a rule late Friday that spared smartphones, computers, semiconductors and other electronics from some of the fees, in a significant break for tech companies like Apple and Dell and the prices of iPhones and other consumer electronics….
For months, Nintendo, the maker of famed video game series like Super Mario Bros. and Donkey Kong, had expected the morning of April 2 to be a celebration. To much fanfare, the company announced the price and release date for the Switch 2, its new video game console eight years in the making. At an…
Every waiter knows the type: the volatile diner who barges in with a list of demands, orders an off-the-menu item that sends the kitchen into a panic and then at the last minute changes his mind and decides he’ll just have the steak. So if anybody knows how to handle President Trump’s stunning reversal on…
For years, I’ve had no trouble finding distinctive, expressive wines that cost under $20 a bottle. (I share these selections in a seasonal 20 Under $20 article.) But this sweet spot is disappearing. Though President Trump announced a 90-day pause in enforcing retaliatory tariffs of 20 percent on all imports from the European Union along…
By Reuters Published April 3, 2025 Now that the U.S. has instituted broad tariffs worldwide, businesses will be forced to adjust – but the options to cope with the greater-than-expected levies are limited and unpalatable for companies and their customers. Reuters U.S. President Donald Trump ramped up his trade war against the globe on Wednesday…
By Bloomberg Published April 2, 2025 The world’s largest footwear and apparel companies are facing a shock to their supply chains after President Donald Trump announced new tariffs on Vietnam and other critical production hubs. Nike The US imposed a 46% reciprocal tariff rate on Vietnamese goods on Wednesday as part of Trump’s growing trade…
By AFP Published March 16, 2025 Tariffs imposed by the Trump administration will not eject fast-fashion juggernaut Shein from the US market, its executive chairman, Donald Tang, has told AFP. Shein says US tariffs won’t slow fast-fashion surge. – Shein The head of the online platform, which has faced scrutiny over its environmental footprint and…