Temu and Shein are pivoting to Europe in face of U.S. tariffs. But they may not get a warm welcome
U.S. consumer spending on Temu fell about 36% in May compared to a year earlier, while it fell 13% over ...
Tag: tariffs
Fed Governor Lisa Cook sees tariffs raising inflation and complicating rate policy
Lisa Cook, governor of the Federal Reserve, speaks during a Fed Listens event in Washington, D.C., on March 22, 2024.Al ...
Here are the retailers raising prices as Trump tariffs take hold
A person picks out clothing in a store as retailers compete to attract shoppers and try to maintain margins on ...
Trump doubles steel tariffs to 50%
President Donald Trump said Friday that he’s doubling the tariff rate on steel to 50%, a dramatic increase that could ...
Gap shares fall 20% as tariffs loom large over apparel maker’s turnaround plans
Gap shares fell 20% in early trading on Friday after the Old Navy owner warned that U.S. tariffs would squeeze ...
Trump tariffs would still ‘pinch’ consumers even if trade court block holds, economist says
President Donald Trump holds a chart as he announces a plan for tariffs on imported goods during an event April ...
Gap shares plummet as retailer says tariffs will cost hundreds of millions
People walk past the entrance of a Gap store in Paris, France, July 1, 2021. Sarah Meyssonnier | ReutersGap is ...
US court blocks Trumps sweeping tariffs, citing overreach of authority
A U.S. trade court on Wednesday blocked President Donald Trump’s tariffs from going into effect, ruling that the president overstepped ...
Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show
Federal Reserve officials at their meeting earlier this month worried that tariffs could aggravate inflation and create a difficult quandary ...
Stocks to Buy – Navigating Market Uncertainty: Ajay Bagga on Tariffs, Sectors and Strategy – Tariff tensions rising
Ajay Bagga identifies defensives such as pharmaceuticals, FMCG, and utilities as likely outperformers amid global volatility. He sees particular promise ...
