Trump’s ‘Nightmare’ China Tariffs Could Destroy the U.S. Bridal Gown Industry

U.S. bridal gown designers and retailers are saying “I don’t” to President Donald Trump’s ongoing trade war with China, arguing his latest call for tariffs on Chinese imports will devastate the $2 billion industry. Trump’s proposed 25% tariff hit list on $200 billion of Chinese imports includes silk and other materials used to make wedding […]

Trump Tariffs on Chinese Goods Could Lead to a ‘Bible Tax’

Book publishers are imploring President Donald Trump not to impose “a Bible tax.” Proposed tariffs on $300 billion in Chinese goods would include printed materials, which would especially affect Bibles and children’s books predominantly produced in China because of the unique paper, printing technology, and skills needed, company and trade group officials testified during the […]

Costco Says Trump’s China Tariffs Are Increasing Prices on These Products

Costco’s famously low prices are the latest casualties of president Donald Trump’s trade war between the U.S. and China. “At the end of the day, prices will go up on things,” the wholesale retailer’s chief financial officer Richard Galanti told investors, during an earnings call last week. Costco shoppers can expect to spend more on […]

Is Wall Street’s Abercrombie & Fitch Love Affair Over?

Investors may not be ready to break up with Abercrombie & Fitch for the longterm, although the fashion retailer’s stock declining as much as 34% this week might indicate otherwise. The drop was an eye-opener, since the teen-to-young-adult Abercrombie chain, along with its surf-oriented Hollister stores, had been Wall Street sweethearts during an impressive two-year […]

‘Catastrophic for Our Consumers’: Nike, Adidas Slam Tariffs In Open Letter to Trump

Nike Inc., Adidas AG and other footwear giants urged President Donald Trump to reconsider his tariffs on shoes made in China, saying the policy would be “catastrophic for our consumers, our companies and the American economy as a whole.” In all, 173 companies signed an open letter to the president, dated Monday and posted on […]

Tesla Stock Plunged Due to Fear of Auto Tariffs from China

The re-escalation of the U.S.-China trade war is hitting Tesla Inc. shares hardest among major automakers, with investors betting it won’t be long before cars crossing the two countries’ borders are again subject to bigger tariffs. Tesla plunged as much as 6.3% to $224.50, the lowest intraday since January 2017, after China defied U.S. President […]

Trump Tariffs Shedding $1.4 Billion a Month in Consumer Income, Study Says

President Donald Trump has used tariffs as a negotiating tactic with international governments. But those tariffs might be hurting U.S. consumers more than anyone else, according to a new study. The tariffs and Trump’s broader trade policies with foreign governments reduced U.S. consumers’ monthly income by $1.4 billion by November 2018, according to a study […]

While EU Dithers over Trade Strategy, German Auto Bosses Head to Washington

Amid fears of what U.S. tariffs on European car imports could do to the auto industry, EU ministers are meeting Friday to come up with a plan for trade negotiations with President Donald Trump. Germany, whose auto industry has been struggling and whose cars account for half of all its exports to the U.S., wants […]