By Reuters Published April 28, 2025 Amazon’s Prime Day is losing its luster among a critical group: sellers. Some third-party merchants who previously sold China-made goods during Amazon’s premier July shopping event are sitting it out this year or reducing the amount of discounted merchandise they offer. Reuters The planned pullback, which hasn’t been previously…
By Reuters Published April 22, 2025 U.S. President Donald Trump met with major retailers, including Walmart, Home Depot, Lowe’s, and Target on Monday to discuss broad-based tariffs likely to raise the cost of everyday goods that they import. Reuters Big U.S. chains, like Walmart and Target, rely heavily on imported goods, and tariffs — including 145% levies on China…
On Friday, amid a tariff-induced frenzy that drove hordes of consumers to panic-buy iPhones, President Trump announced a tariff exemption on electronics like smartphones and computers. For a moment, widespread anxiety about a potential $2,000 iPhone dissipated. But two days later, the Trump administration said smartphones and computers were likely to be hit with new…
The Trump administration took steps on Monday that appear likely to result in new tariffs on semiconductors and pharmaceutical products, adding to the levies President Trump has put on imports globally. Federal notices put online Monday afternoon said the administration had initiated national security investigations into imports of chips and pharmaceuticals. Mr. Trump has suggested…
The on-again, off-again tariff policy of the Trump administration has wreaked havoc across the global economy, including the travel industry. Until Wednesday’s 90-day suspension of reciprocal tariffs, the American dollar was showing signs of weakening, hotels faced higher operating costs and travelers were nervous about booking. Even before reciprocal tariffs were imposed, the Conference Board’s…
By Reuters Published April 10, 2025 Walmart on Wednesday reaffirmed its confidence in its everyday low price strategy, maintaining full-year forecasts for sales and income growth while pledging to keep prices low despite concerns about rising prices due to U.S. President Donald Trump’s tariffs. Archivo The company’s shares, which were down nearly 9% since Trump…
By Reuters Published April 10, 2025 The operator of Uniqlo, Japan’s Fast Retailing, is expected to post another quarter of strong earnings on Thursday, but the focus will be on how the global clothing chain navigates a trade environment thrown into disarray by new U.S. tariffs. Reuters Fast Retailing is expected to post a 14%…
By Reuters Published April 9, 2025 Clothing and accessories retailers across the United States are delaying orders and freezing hiring ahead of tariff hikes that take effect Wednesday on products imported from Vietnam and China. DR These businesses, much like Nike, opens new tab and Lululemon, opens new tab, face an impossible choice: offset the cost of tariffs…
President Trump’s 25 percent tariffs on imported vehicles, which went into effect last week, are already sending tremors through the auto industry, prompting companies to stop shipping cars to the United States, shut down factories in Canada and Mexico and lay off workers in Michigan and other states. Jaguar Land Rover, based in Britain, said…
Last Wednesday, the Trump administration believed it had a plan to save TikTok. ByteDance, TikTok’s Chinese owner, along with some of its U.S. investors, and officials in Washington had coalesced around a new ownership structure for the popular video app, four people familiar with the situation said. That structure, the people said, would help TikTok…