Business
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…
Tag
Tariffs
Business
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…
News
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…
News
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…
News
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…
News
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…
News
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,…
News
Why Is Trump Imposing Tariffs on Israel?
Continuing tariffs on Israeli goods exemplifies the overreach of Trump’s policy. Source link
News
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
News
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…
News
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…
Business
Beware the Return of Inflation
The surge in the producer price index is not due to tariffs — which should worry the administration. Source link
News
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
News
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…
Business
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.…
News
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
Business
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…
News
The Real Case for Protectionism
MBD responds to David Bahnsen’s reaction to his critique of free trade. Source link
News
Shoe Firms, Consumers Get Big Break as Trump Extends China Tariff Deadline
American President Donald Trump doesn’t want to be the grinch that stole Christmas. On Monday, he signed an executive order that extended…
News
Where’s the New Opportunity in Footwear Production? Jack Erwin President Sounds Off
Paul Farago, president of footwear brands Jack Erwin and Ace Marks, has been navigating the shifting tariff backdrop firsthand for years.…
News
Acai berry producers are concerned as Trump imposes tariffs on Brazil's exports
When U.S. President Donald Trump imposed tariffs of 50% on Brazilian exports in July, acai producer Ailson Ferreira Moreira felt…
News
Trump warns of another depression for U.S. if courts rule against his tariffs
President Trump warned that any court rulings against his tariff policy would cause the country to suffer another Great Depression. Source…
Culture
Singapore semiconductor firms are exposed to planned US tariffs, but impact may vary: analysts
Semiconductor-related firms in Singapore are under the spotlight after President Donald Trump’s threat of US semiconductor tariffs.…
News
China’s SMIC says Trump tariffs did not cause expected ‘hard landing’
China’s top foundry Semiconductor Manufacturing International Corporation (SMIC) said on Friday (Aug 8) US tariff policy had not led to a…