Tariffs or Not, I’m Still Glad I Bought an iPhone 16...
Tariffs aren't the only reason iPhone prices could soon rise. James Martin/CNETEarlier this month, I panic-bought an iPhone, and I have no regrets. I upgraded to a new iPhone 16 Pro, sometime after President Donald Trump announced his "Liberation Day" tariffs, but before he added most Apple products to an exemptions list. My family of three…
When do tariffs actually kick in? Here’s where all of Trump’s...
While some of President Donald Trump's so-called Liberation Day tariffs have already started, others have been paused or rolled back amid negotiations with trade partners.All the back-and-forth makes it difficult to keep track of where they all stand and how they might influence prices.On a broad scale, the price jumps economists and companies have predicted aren't…
Walmart, Shein, Target, and other major brands that say Trump’s tariffs...
Prices are expected to go up this year as many companies signal plans to raise them in response to President Donald Trump's slew of tariffs.While firms raise prices for many reasons, some were blaming price hikes on tariffs long before Trump's so-called "Liberation Day" on April 2, during which he announced a 10% baseline tariff…
Walmart CFO says tariff rates are still ‘too high’ and the...
President Donald Trump's shifting trade policy is causing headaches for America's largest retailer.While Walmart CFO John David Rainey welcomed the recent reduction in tariffs, he said the company was not out of the woods yet."Let me emphasize, we still think that's too high," he said of the latest rates during Walmart's earnings call on Thursday.…
GOP congressman calls out Marjorie Taylor Greene’s stock trades
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Walmart gets a lift from Trump’s trade chaos — but warns...
Walmart's strong first quarter underscores that the retailer views tough times as an opportunity.It reported first-quarter revenues of $168 billion, up 4% from last year on a constant currency basis, and a 3% rise in profit to $7.3 billion."We delivered a solid first quarter in a dynamic operating environment. We're serving customers and members in…
145% vs. 30%: Hasbro exec breaks down how the ‘pleasant surprise’...
On Sunday, the toy maker Hasbro was preparing big changes to contend with triple-digit tariffs on Chinese imports.By Monday, all of those calculations were different.Gina Goetter, Hasbro's Chief Financial Officer and Chief Operating Officer, said that President Donald Trump's decision to temporarily lower tariffs on China from 145% to 30% drastically altered the company's plans.…
TikTok staffers say its US e-commerce business is slumping amid high...
Trump's tariffs are taking a toll on TikTok.The company's e-commerce business, TikTok Shop, is off to a slow start in the US this year, four staffers who work on its shopping product told Business Insider.The employees described declines in daily US sales from foreign sellers that contributed to an overall sales drop-off beginning in late…
Apple spent many years and billions of dollars investing in China....
You probably know that your iPhone, and just about any other Apple product you own, was made in China. And that Donald Trump wants Apple to move all of that production to the US.But do you know how, and why, Apple ended up so dependent on China — and why that's so unlikely to change?Patrick…
The US and China reached a 90-day trade truce. Now begins...
The US and China agreed to suspend most tariffs on each other's goods for 90 days, following high-stakes negotiations in Geneva over the weekend.As the tariff pause begins on Wednesday, experts expect a spike in trade between the countries, as companies race to front-load inventory while negotiators work on a deal."The negotiations suggest that both…
