Shein and Temu will boost prices under pressure from Trump’s trade restrictions
Temu, a Chinese online marketplace, and Shein, a fast-fashion retailer, will hike their prices next week as President Trump's crackdown...
Tariffs may cost chip equipment producers more than one billion dollars
President Donald Trump's new tariffs may cost semiconductor equipment manufacturers more than $1 billion a year, according to industry estimates...
Prada buys Versace for roughly $1.4 billion after Trump’s tariffs almost ruined the acquisition
Luxury fashion firm Prada Group has reached an agreement with Capri Holdings to acquire designer label Versace for $1.38 billion,...
Chinese companies start raising pricing on Amazon
China's Anker, one of Amazon's biggest sellers of power banks and phone cases, has raised prices on a fifth of...
General Motors suspends production at its Canadian factory
General Motors (GM) has announced that it will cease operations at one of its Canadian assembly factories until October, resulting...
Goldman Sachs reduces U.S. vehicle sales estimates by nearly one million units due to tariffs
Goldman Sachs on Thursday reduced its estimate for U.S. auto sales this year by nearly one million units as President...
Amazon’s CEO expects that retailers will pass the expense of tariffs on to customers
Amazon's chief executive officer (CEO) Andy Jassy suggested Thursday that third-party sellers will pass on the cost of tariffs to...
JPMorgan CEO predicts recession and tariff defaults; calls for faster trade negotiations
JPMorgan Chase CEO Jamie Dimon stated Wednesday that tariffs imposed by US President Donald Trump are likely to cause a...
Tariff conflicts are expected to raise prices for iPhones, coffee, apparel, and booze
The United States' trade war, which began with infinite tariffs, threatens to cause price increases in the country, and residents...
Apparel retailers delay orders, freeze hiring as tariffs take effect
U.S. clothes and accessories shops are delaying orders and suspending employment in response to tariff increases on products imported from...