Toyota raises profit outlook, bets it can ride out tariffs
The world’s top-selling carmaker now expects operating profit of 3.4 trillion yen (S$28.9 billion) for the financial year to end-March Toyota raised its full-year profit forecast on…
Tag
Tariffs
On eve of Supreme Court arguments, Trump says U.S. 'defenseless' without tariffs
President Trump said the Supreme Court hearing Wednesday that will determine whether his tariff program is legal is "life or death" for the U.S. Source link
Brooks Running Continues to Rack Up Market Share Gains
Brooks Running said it achieved No. 1 market share at national retail, according to data from Circana. The same data set from its U.S. retail tracking service for adult running footwear…
Trump’s Cease-Fire with China
It was probably the best that could be expected from the bad options. Source link
Four Republicans Switch Sides as Senate Votes to End Trump Tariffs
Only four Republican senators were brave enough to join Democrats—but it was enough for the vote to pass. Source link
Shoe Supply Chains Could Be Reshaped Again After US-China Trade Deal
U.S. President Donald Trump and China President Xi Jinping both got the trade deal they wanted, and it’s one that could have firms rethinking their sourcing and supply chain model. The new…
Senate votes to nullify global tariffs, completing trifecta of measures against Trump's trade policy
The Senate voted Thursday in a largely symbolic move to terminate the emergency powers that President Trump used to impose tariffs on dozens of trading partners across the globe. Source link
Nissan forecasts US$1.8 billion annual operating loss as US tariffs weigh
Its outlook for net income for the fiscal year to end-March 2026 remained undetermined Nissan Motor said on Thursday (Oct 30) it expects to book a US$1.82 billion operating loss in the…
47% China tariffs, rare earths, soybeans: What Trump, Xi said about their meeting and what’s next
[BUSAN, South Korea] US President Donald Trump said he had struck a deal to reduce tariffs on China to 47 per cent in exchange for Beijing resuming US soybean purchases, keeping rare…
Senate votes to nullify Trump tariffs on Canada with four Republicans defying Trump
The Senate voted Wednesday to terminate the emergency powers that President Trump used to impose tariffs on products from Canada, a neighbor and major trading partner. Source link
Footwear Industry’s Awaiting Trade Deals from China, Brazil
Trump is expected to disclose some trade wins, including a deal with China and maybe even Brazil, ahead of his Supreme Court hearing next Wednesday. The hearing is in connection with the…
Senate votes to nullify Trump's tariffs on Brazil in symbolic messaging effort
The Senate voted late Tuesday to terminate the emergency powers that President Trump used to impose tariffs on goods from Brazil, a major coffee producer and South American trading…
Importers rush in spring orders early over tariffs anxiety
Small importers for large U.S. retailers rushed in China-made strollers and wares meant for spring and are storing the goods in their own warehouses to avoid the big tariff bills that had…
Trump raises tariffs on Canada over for not cutting anti-tariffs ad faster
President Trump said he is increasing tariffs on Canada by 10% because of an ad that was broadcast in Canada that featured audio from a 1987 speech from former President Ronald Reagan,…
Trump says a Canadian ad misstated Ronald Reagan's views on tariffs. Here are the facts and context
President Donald Trump pulled out of trade talks with Canada Thursday night, furious over what he called a "fake'' television ad from Ontario's provincial government that quoted former…
Restructuring Expert Michael Appel Dishes on Footwear’s Prospects in 2026
News spoke with restructuring expert Michael Appel of Appel Associates LLC to get his read on retail and the shoe industry against the backdrop of tariffs and what to expect in 2026.…
Canadian Leader Stops Airing Tariffs Ad That Pissed Off Trump
House Minority Leader Hakeem Jeffries finally endorsed Zohran Mamdani for New York City mayor Friday. The Brooklyn native extended his support with less than two weeks until Election Day.…
As Trump Loses It at Canada, Here’s What Reagan Really Said on Tariffs
In reality … Reagan was still very critical of tariffs during the brief speech, perhaps even more so than depicted by the ad’s brevity. Not all of the sentences used in the advert,…
Japan reports 4.2% growth in September despite Trump tariffs
Japan’s exports grew 4.2% in September, according to government data Wednesday, on robust shipments to Asia that offset a decline in exports to the U.S., which were impacted by President…
China’s economy, hit by tariffs, slows to 4.8% annual growth in Q3
China’s economy expanded at the slowest annual pace in a year in July-September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand. The…
Global companies hit by more than US$35 billion in US tariffs, but outlook stabilising
GLOBAL companies have flagged more than US$35 billion in costs from US tariffs heading into third-quarter earnings, but many are lowering their initial forecasts as new trade deals reduce…
Trump signs order imposing tariffs on heavy trucks, buses and parts
President Trump is following through on his threat to impose a 25% tariff on medium and heavy-duty trucks made outside of the U.S. Source link
Are Shoe Prices Really Rising? One Analyst Found Brands Are Still Absorbing Most of the Costs
U.S. President Donald Trump’s tariff increases instilled anxiety over shoe price hikes, at least for the better part of 2025, but it might be 2026 when most of those concerns come to…
Altagamma’s Chairman Discusses the Ins and Outs of Luxury Amidst AI and Tariffs
As the values of brand, craftsmanship and the never-ending quest for experiences become more important with luxury shoppers, Altagamma is taking proactive measures to help its members stay…