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…
Automakers can respond to President Trump’s new 25 percent tariffs on imported cars and parts in several ways. But all of them cost money and will lead to higher car prices, analysts say. Manufacturers can try to move production from countries like Mexico to the United States. They can try to increase the number of…
Is it or isn’t it? On Tuesday, a listing surfaced on eBay purportedly offering Melania Trump’s wedding dress for sale. You know, the one designed by John Galliano for Dior couture, reportedly costing more than $100,000, worn by the first lady at her Mar-a-Lago wedding to Donald J. Trump and featured on her only Vogue…
World Liberty Financial, the cryptocurrency company started by Donald J. Trump and his sons, announced on Tuesday that it was planning to sell a digital currency called a stablecoin, deepening the president’s financial ties to crypto as his administration relaxes enforcement of the industry. The stablecoin would be known as USD1, the company wrote in…
European Union regulators on Wednesday ramped up their efforts to force Apple and Google to change key parts of their businesses, despite potential pushback from the Trump administration over the regulation of American tech companies. The European Commission, the executive branch of the 27-nation bloc, said Apple and Google had violated a law passed in…
European Union regulators on Wednesday ramped up their efforts to force Apple and Google to change key parts of their businesses, despite potential pushback from the Trump administration over the regulation of American tech companies. The European Commission, the executive branch of the 27-nation bloc, said Apple and Google had violated a law passed in…
Boeing is the kind of manufacturer — one that exports billions of dollars of goods — that President Trump says he wants to protect and nurture. But his tariffs could have the opposite effect on the company’s suppliers. Mr. Trump has imposed a few tariffs so far, but he says more are coming in just…
The Department of Veterans Affairs is phasing out gender-affirming medical treatments for veterans, including hormone treatment for patients newly diagnosed with gender dysphoria, the V.A. announced on Monday. The V.A. will continue hormone treatment for veterans who currently receive it or were receiving it when they separated from the military. The rationale is that abrupt…
French Champagne producers do nearly a billion dollars’ worth of business with the United States every year. But on Friday in Épernay, the world capital of sparkling wine, the only number on anybody’s lips was 200. That was the percent tariff that President Trump has threatened to impose on Champagne and other European wines and…
French wine producers have typically had a love-love relationship with the United States, their biggest export market. But President Trump’s threat to impose 200 percent tariffs on European wine, Champagne and spirits sent shudders through grand châteaus and small vineyards across the country. “A 200 percent tax on European wines and spirits would mean an…