Tag Archives: Tariff

Car buyers rev up U.S. retail sales in effort to beat tariff price hikes. Economy is still growing.  MarketWatch Retail sales rise 0.5% in July, missing forecasts but marking second straight monthly gain after spring slide  Yahoo Finance US retail sales rise in July; softening job market poses risk to spending  Reuters US Retail Sales Climb in Broad Advance After Upward Revision  Bloomberg.com Retail …

By BEN SHIMKUS, US CONSUMER REPORTER and REUTERS Published: 14:07, 15 August 2025 | Updated: 16:10, 15 August 2025 Consumer prices keep rising. That hasn’t stopped shoppers from spending.   US retail sales rose a solid 0.5 percent in July, which was modestly lower than analysts’ expectations, according to the Commerce Department’s Census Bureau.  Americans snapped up motor vehicles and pounced …

Trump Says Tariff Rate on Semiconductors Could Reach 300%. Nvidia and AMD Stocks Fall.  Barron’s Trump Says Semiconductor Tariffs Coming Soon, Could Reach 300%  Bloomberg.com Trump’s Tariffs Won’t Solve U.S. Chip-Making Dilemma  The Wall Street Journal Trump says he will set tariffs on steel and semiconductor chips in coming weeks  Reuters Trump’s Trade Tactics Come for Chip Controls  Foreign Policy Source link

Cheng Xin / Getty Images The news offset better-than-expected fourth-quarter results, driven by demand for Coach bags Fashion handbag maker Tapestry slashed its full-year forecast because of the costs on new U.S. tariffs. The company lowered its fiscal 2026 earnings per share estimate as it anticipates a $160 million hit from tariffs. The news offset better-than-expected fourth-quarter results, driven by …

Customers look set to bear the tariff cost burden  Axios Goldman stands by call that consumers will bear the brunt of tariffs after Trump blasts bank’s economist  CNBC Goldman Sachs doubles down on tariff research that infuriated Trump, saying average Americans will bear two-thirds of the costs  Fortune Layoffs? Price Increases? Companies Make Hard Choices as Trump’s Tariffs Set In.  The New York Times …

Published on 13/08/2025 – 15:46 GMT+2 ADVERTISEMENT The US federal deficit surged to $291 billion (€248bn) in July, marking a 19% increase from the same month last year and one of the biggest jumps in recent years, according to Treasury Department data. It’s the largest spending total ever recorded for the month of July, though some other months—particularly during the …

People shop for pet supplies at a pet retail store in New York City, Aug. 12, 2025. Spencer Platt | Getty Images Goldman Sachs is taking the heat for its call that heavier tariff-induced consumer inflation is ahead, but it’s far from alone in that view among its Wall Street brethren. Despite investors’ embrace of Tuesday’s fairly benign consumer price …

Goldman Sachs is refusing to back away from its analysis that Americans—not foreign exporters or overseas governments—are bearing the majority of costs from President Donald Trump’s sweeping tariffs. The Wall Street giant doubled down this week on chief economist Jan Hatzius’s research as inflation data showed a jump in consumer prices and the political backlash from the White House intensified. …

MEXICO CITY (AP) — Mexico sent 26 alleged cartel figures to face justice in the United States because the Trump administration requested them and Mexico did not want them to continue running their illicit businesses from Mexican prisons, officials said Wednesday. The mass transfer was not, however, part of wider negotiations as Mexico seeks to avoid higher tariffs threatened by …

A U.S. flag flutters near a ship as it’s containers are unloaded at the Port of Los Angeles, in San Pedro, California, U.S., May 1, 2025. Mike Blake | Reuters The July container volumes for the Port of Los Angeles tell the tale of the Trump tariff impacts. The front-loading of Chinese goods ahead of the tariff deadline pushed container …