PlayStation prices rise as US tariffs bite
SONY on Wednesday said it is bumping up the price of PlayStation 5 video game consoles by US$50 in the United States due to a “challenging economic environment.” Tariffs imposed by…
Tag
Tariffs
Trump Tries to Blame Rising Energy Prices on Anything But His Tariffs
“He’s a good man, he’s in there fighting. He’s fighting, you know they’re trying to put him in jail on top of everything else. How about that? He’s—he’s a war hero, because we worked…
Retailers scramble to adjust to new reality under tariffs
Major retailers say they will increase prices or reorganize their supply chains in response to cost pressures from President Trump's tariffs. Source link
Video: How Tariffs Will Affect This Unique Cheese
new video loaded: How Tariffs Will Affect This Unique Cheese By Eshe Nelson, Nikolay Nikolov, Laura Salaberry, Emli Bendixen and Jon Hazell•August 20, 2025 Stilton is a special type of…
Estee Lauder forecasts annual profit below estimates as tariffs hit
Estee’s organic net sales for the fourth quarter fell 13%, compared with an 8% rise a year ago Estee Lauder forecast annual profit below Wall Street estimates on Wednesday (Aug…
Estée Lauder’s Sales Decline in Fourth Quarter, Tariffs to Impact Profitability by $100 Million Next Year
The Estée Lauder Cos. saw net sales slide 12 percent in its fourth quarter and the company expects tariff-related headwinds to impact fiscal 2026 profitability by about $100 million. For…
US hikes steel, aluminium tariffs on imported appliances, railcars, EV parts
The US Commerce Department said on Tuesday (Aug 19) that it is hiking steel and aluminium tariffs on more than 400 products, including wind turbines, mobile cranes, appliances, bulldozers…
MAGA Rep’s Town Hall Derails Over Her Support for Trump Tariffs
Summer recess is turning out to be a crude wake-up call for Republican lawmakers, who appear to be learning just how much their constituents hate the Trumpian policies they’ve voted for.…
Black beauty businesses are stuggling under Trump’s tariffs
Earlier this summer, Dajiah Blackshear-Calloway, 34, started to notice that her regular clients weren’t visiting her hair salon as often as they used to. The salon, in Smyrna, Georgia,…
In Wake of Trump Tariffs, John Deere Announces Mass Layoffs
“But I think it’d be going too far to say that Putin has agreed to a meeting with Zelenskiy,” Rogin added. “In fact, the Kremlin put out a statement right after this meeting and they said,…
Las Vegas tourism is down. Some blame Trump's tariffs and immigration crackdown
Tourism in Las Vegas is slumping this summer, with resorts and convention centers reporting fewer visitors compared to last year, especially from abroad, and some officials are blaming the…
Malaysia’s growth could slow by up to 1.2 percentage points due to US tariffs: trade ministry
Malaysia’s economic growth is projected to slow by approximately 0.6 to 1.2 percentage points this year due to US tariffs, the country’s trade ministry said, citing preliminary…
Why Is Trump Imposing Tariffs on Israel?
Continuing tariffs on Israeli goods exemplifies the overreach of Trump’s policy. Source link
Coffee industry braces for impact of Brazil tariffs: 'Cause for concern'
Americans consume over 1.6 million tons of coffee each year. That morning fix is set to get more expensive. Source link
Retail sales rise in July as shoppers rush to spend ahead of tariffs
Shoppers spent at a healthy pace in July, particularly at the nation’s auto dealerships, even as President Donald Trump‘s tariffs start to take a toll on jobs and lead to some price…
Data shows China’s economy lagged in July due to Trump’s tariffs
China’s economy showed signs of slowing in July as factory output and retail sales slowed and housing prices dropped further, according to data released Friday. Uncertainty over tariffs on…
Beware the Return of Inflation
The surge in the producer price index is not due to tariffs — which should worry the administration. Source link
Tariffs Won’t Bridge the Fiscal Gap
With borrowing unleashed, and tariffs offering little more than political cover, Washington is sprinting toward a cliff edge. Source link
Senators Press Howard Lutnick’s Former Investment Firm Over Tariff Conflict of Interest Concerns
Last month, WIRED reported that the investment banking arm of Cantor Fitzgerald, a financial services company led by the sons of US commerce secretary Howard Lutnick, was exploring…
Report: Shoppers Spending $47 More Per Month Under Trump’s Tariff Regime
Many brands, retailers and shoppers are breathing a sigh of relief following President Donald Trump’s latest tariff announcement. With just hours before a three-month suspension of…
The Big Takeaways — From Trends to Tariffs — at the Atlanta Shoe Market
Get ready for raffia. At the August 2025 edition of The Atlanta Shoe Market, footwear brands previewed their spring 2026 collections, and natural materials such as raffia were omnipresent…
Asics’ US Wholesale Business Is Booming as Company Raises Full-Year Guidance
Asics Corp. raised full-year guidance and a projection for operating profit ahead of plan following a strong second quarter report. Results for the three months ended June 30 were helped…
A Tax Law for Manufacturers, but a Trade Policy Against Them
While the OBBBA tries to buoy manufacturing, President Trump’s tariffs are an anvil dragging the sector down. Source link
Shoe Prices Started to Climb in July After Months of Declines
Shoe prices in July started to rise after months of declines. The increases appear in lock-step with rising inflation and sharply higher duties paid on footwear imports. According to the…