Louis Vuitton Has Bumped Up Handbag Prices in the U.S.
In the wake of the Trump administration’s tariffs, Louis Vuitton handbags just became more expensive in the U.S. Luxury analysts at Bernstein and Barclays flagged that the French luxury…
Tag
Tariffs
China to kick off special bond sale as tariffs threaten economy
China is set to issue the first batch of special sovereign bonds for the year on Thursday (Apr 24) as part of the stimulus announced by authorities to soften the blow from…
Boeing says China not accepting planes over US tariffs
Boeing’s CEO confirmed on Wednesday (Apr 23) that China had stopped accepting new aircraft due to the US-China trade war, as the company’s shares surged following a smaller-than-expected…
Boeing ready to resell jets as tariffs hit China trade
[SEOUL/PARIS] Boeing is looking to resell potentially dozens of planes locked out of China by tariffs after repatriating a third jet to the US rather than store it without willing buyers.…
Bad News for China: Rare Earth Elements Aren’t That Rare
“The heavy rare earth elements are added as sort of a spice, a doping agent, to maintain the magnetism of the magnet at high temperatures. It also improves corrosion resistance and the…
Tesla profit falls in the wake of brand controversy and tariffs
Tesla is off to a bumpy start this year. The electric vehicle giant’s profit plunged 71% in the first quarter to $409 million as the company faced a flurry of setbacks, including looming…
Trump’s tariffs could be a major boon for secondhand stores
Stores selling secondhand clothes, shoes and accessories are poised to benefit from President Donald Trump’s trade war even as businesses the world over race to avert potential damage,…
Global shipping navigates Trump tariffs uncertainty
Shifting trade announcements have led to unprecedented volatility in the global shipping industry in recent weeks, with industry players having to constantly adapt to new US tariffs. Cargo…
How tariffs could change the way Americans buy video games
In a time where tariff price hikes are invading seemingly every element of life, diving into a video game could offer a welcome reprieve, both spiritually and fiscally. Digital video games…
China issues a stark trade warning to Japan and Taiwan as they negotiate tariffs with the U.S.
China on Monday warned other countries against making trade deals with the United States to China’s detriment. Governments including those of Taiwan, Japan and South Korea have begun…
Volkswagen floats making Audis in US to swerve Trump tariffs
[Berlin] Volkswagen could relocate some production of its high-end Audi line to dodge US tariffs on automobiles ordered by US President Donald Trump, the German carmaker’s chief executive…
Hertz wins over Ackman in a bet tariffs will boost value of cars
Bill Ackman’s Pershing Square Capital Management has amassed a nearly 20 per cent stake in Hertz Global in a bet on the rental car company’s turnaround plan and that tariffs will boost the…
Volvo to cut up to 800 workers over Trump’s tariffs
Volvo Group plans to lay off as many as 800 workers at three U.S. facilities over the next three months due to market uncertainty and demand concerns in the face of President Donald…
Netflix beats first quarter forecast, revealing it hasn’t been touched by Trump’s tariffs, yet
Netflix fared better than analysts anticipated during the first three months of the year, signaling the world’s largest video streaming service is still thriving as President Donald…
Nintendo Switch 2 Sets New Preorder Date, Price to Remain at $450 Amid Tariffs
Following an initial delay, Nintendo has set the preorder date for its Switch 2 console for April 24. The Japan-based company has also decided to keep the upcoming product’s pricing at the…
Boeing jet departs China delivery plant as US tariffs bite
A Boeing jet that arrived at a completion plant near Shanghai last month appeared to be returning to Seattle, flight tracking data showed on Friday (Apr 18), in a sign that at least one…
We need targeted policies, not blunt tariffs, to drive “American energy dominance”
MIT Technology Review’s guest opinion series, offering expert commentary on legal, political and regulatory issues related to climate change and clean energy. You can read the rest of the…
GE Vernova’s CEO on thriving through tariffs and supply chain shifts
Amid tariff whiplash and the rejuggling of global trade, GE Vernova’s CEO Scott Strazik is finding a way to stay “relentlessly optimistic.” Strazik returns to the Rapid Response podcast to…
PGIM to invest US$2 billion in Asia property, unfazed by tariffs
PGIM Real Estate, the property arm of Prudential Financial’s asset manager, expects to invest about US$2 billion across the Asia-Pacific region this year even as Donald Trump’s trade…
Temu, Shein slash digital ads as tariffs end cheap shipping from China, data show
The online retailers are cutting ad spending on most platforms, according to two digital marketing firms that measure ad spending Chinese online marketplace Temu and fast-fashion…
Europe: Shares close lower as ASML warns US tariffs cloud outlook
European shares closed lower on Wednesday (Apr 16), weighed down by semiconductor-related stocks after the world’s biggest chip-making equipment supplier ASML warned that US tariffs were…
Hong Kong suspends U.S. package deliveries over ‘bullying’ tariffs
The postal service for Hong Kong will cease handling packages containing goods to be delivered to the U.S. The announcement came Wednesday via a press release from the Government of the…
Beauty Packaging Gets Pricey Amidst Global Tariffs
A rising tide may lift all boats, but the same can’t be said for rising tariffs. Beauty brands are bracing themselves for steep increases in packaging costs after the U.S. slapped 125…
Beauty M&A Faces Further Uncertainty Amid Tariffs
Last year was a particularly slow one when it came to beauty M&A on the back of consumers tightening their belts in Asia, early signs of weakening demand in the U.S. and a slew of…