tariffs
Apple is planning to increase the prices of its iPhone lineup set to launch this autumn, though it is trying not to make it seem as if the hikes are connected to the U.S. tariffs on imports from China, The Wall Street Journal reported, citing anonymous sources. The company is considering instead linking the price hikes […]
The U.S. and China agreed to cut most tariffs and pause their trade war for 90 days to allow further talks. Both sides will reduce tariffs by 115 percentage points, easing tensions that had threatened global trade. Markets rallied on the news, but uncertainty remains over a long-term resolution. US and China reach deal to […]
Top shoe brands like Nike, Adidas, and Skechers are asking President Trump to remove new tariffs on footwear. They say the high costs could force businesses to close, raise prices for customers, and cause shoe shortages. The brands also warn that the tariffs won’t bring jobs back to the U.S. and instead create uncertainty for […]
The Trump administration has ended the de minimis exemption for low-value Chinese imports, affecting up to 4 million parcels daily. The change, effective May 2, is expected to raise prices and slow deliveries as tariffs up to 145% are applied. The move targets cheap imports that have undercut U.S. businesses, benefiting domestic manufacturers but straining […]
Donald Trump called Amazon founder Jeff Bezos to complain about a report that Amazon might show U.S. tariff costs on its product listings. After the call, Amazon said the idea was only being considered for a small part of the site and then confirmed it was canceled. The White House criticized the idea, calling it […]
Temu and Shein have raised prices on many products ahead of new U.S. tariffs taking effect May 2nd. The hikes come in anticipation of the end of the “de minimis” exemption, which currently allows goods under $800 to avoid import tariffs. Starting May 2, U.S. businesses will face either a 120% tariff or a $100 […]
The Trump administration has updated its tariff policy to exempt certain electronics—like smartphones, computers, semiconductors, and flat panel displays—from steep global tariffs. This exemption, effective for goods entering the U.S. or leaving warehouses starting April 5, was detailed in new guidance from U.S. Customs and Border Protection and a presidential memo issued Saturday. The exemptions […]
American consumers are seeing a new “tariff surcharge” line on receipts as companies respond to steep import tariffs, especially on goods from China. Despite a 90-day tariff pause by President Trump, many businesses are passing on added costs to customers through flat fees or percentage-based surcharges. For example, Dame, a sexual wellness company, added a […]
China announced a significant retaliatory tariff of 84% on U.S. goods in response to President Donald Trump’s latest tariff policies. Effective April 10, this increase marks a rise from the previous 34% tariff. Meanwhile, U.S. tariffs on Chinese goods have escalated to 104% after China failed to meet Trump’s deadline to reduce its own tariffs. […]
JPMorgan forecasts a U.S. recession in the second half of 2025 due to the impact of President Trump’s tariffs. Chief U.S. economist Michael Feroli predicts a two-quarter recession, with GDP contracting by 1% in Q3 and 0.5% in Q4, resulting in an overall decline of 0.3% for the year. Feroli also expects the unemployment rate […]
WDKX Holiday Stream