Platforms like Temu and Shein specialize in selling cheap products through small parcels — millions of which enter the EU each day. Earlier this month, a European Parliament report found that “most unsafe and illegal products” arriving in the EU came via such small parcels in online commerce, “in particular” through Chinese platforms. In October last year, the European Commission …
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US producer prices flat in June, but tariffs lift goods costs – Reuters
US producer prices flat in June, but tariffs lift goods costs Reuters Wholesale inflation measure was unchanged in June CNBC Rising Inflation Underscores Risks in Trump’s New Tariff Threats The New York Times Trump Effect Starts to Show Up in Economy – WSJ The Wall Street Journal Latest US inflation report shows a pullback in travel spending and an increase in the cost of …
Read More »Latest US inflation report shows a pullback in travel spending and an increase in the cost of goods
CNN — US wholesale inflation was muted in June, presenting what would seem to be a better-than-expected outcome amid President Donald Trump’s hefty tariffs on global trading partners. However, a steep drop-off in travel and other services camouflaged an increase in the cost of goods. The Producer Price Index, which measures the average change in prices paid to producers, was …
Read More »Indonesian goods will be taxed at 19%, Trump says
President Donald Trump said he plans to tariff imports from Indonesia at 19%, while American goods sent to the southeast Asian country will face no tariffs. Trump spelled out some of the details of the agreement he announced Tuesday on Truth Social before boarding the presidential helicopter. “They are going to pay 19% and we are going to pay nothing,” …
Read More »Trump’s 50% tariff on Brazilian goods could spike US breakfast costs
SAO PAULO (AP) — President Donald Trump’s threat to boost import taxes by 50% on Brazilian goods could drive up the cost of breakfast in the United States. The prices of coffee and orange juice — two staples of the American morning diet — could be severely impacted if there’s no agreement by Aug. 1. Brazilian beef and regional airliners …
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