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Good morning. Shein is raising US prices on some goods with kitchen towels being especially hard-hit. China lowers its tax threshold for visiting foreigners. And coconuts are getting more expensive.
Retaliations in recent days by the two countries have resulted in huge average tax rates on each other’s imports, with tariffs often costing more than the price of the goods themselves.
Though Mr. Trump has provided few details about what goods or which countries he would impose higher tariffs on in his executive order, businesses decided it made sense to bring in more cargo than ...
The U.S.'s tariffs on China now total 145%. The 125% tax will make it much more costly for Chinese companies to purchase and bring U.S.-made goods into the country, and could cut U.S. producers ...
The numbers: U.S. businesses brought in a new high of foreign goods in March for the fourth month in a row as they tried to beat price increases tied to the Trump tariffs — assuring a weak GDP ...
What is it? Why, it's the Chinese luxury goods conspiracy, Charlie Brown! If you don't already know what we're talking about, the videos in question feature a pretty standard format: A supposed ...
President Trump signed an executive order Wednesday closing a trade loophole on cheap goods from China that were previously exempt from tariffs. Trump, 78, argued that the so-called “de minimus ...
Amazon CEO Andrew Jassy told CNBC earlier this month that he expected U.S. tariffs to boost prices on a host of consumer goods. The Trump administration has imposed tariffs of as much as 145% on ...
The Trump administration is exempting imported smartphones, laptops and other electronics from reciprocal tariffs. Customs and Border Patrol issued new guidance on reciprocal tariff negotiations ...
Goods imported from China will now face a combined total tariff rate of at least 54%, Treasury Secretary Scott Bessent said Wednesday. Bessent confirmed on Bloomberg Television that all goods ...
The European Union also announced retaliatory tariffs on American-made goods, including sports footwear, ski boots and jerseys, as economists raised concerns that a new trade war will raise prices ...