The tariff idea, it seems, at least partially came from actor Jon Voight, one of three Hollywood “ambassadors”—along with Sylvester Stallone and Mel Gibson—chosen by Trump to advise him. Voight reportedly met with the president recently at Mar-a-Lago along with his manager to share plans to increase US film production. …
Read More »Trump’s Tariffs Are Threatening America’s Apple Juice Supply Chain
Few foods are more American than apple pie, but the truth is, some of the country’s favorite apple products aren’t actually made in the United States. Apple juice, a perennial lunchroom staple, is a prime example. The vast majority of the apple juice Americans drink is imported from countries like …
Read More »Small Packages From Shein and Temu Are Now Subject to US Tariffs. Here’s What to Know
We have been talking to US retailers who don’t sell on ecommerce websites, meaning they have their own stores or are suppliers to Walmart, Target, etc. These companies are also freaking out because many of them have complex supply chains in China and can’t easily move their manufacturing operations to …
Read More »The Slowdown at Ports Is a Warning of Rough Economic Seas Ahead
The $10 billion container shipping industry, the one that moves boxes full of everything and anything around global seas, has this phenomenon called “blank sailings.” To understand the term of art, think of the world-spanning ocean-bound trade economy like a bus system, where several buses—or ships—are making stops along a …
Read More »Temu Blocks US Shoppers From Seeing Products Shipped From China
“I heavily relied on items from Temu for my business, and I am freaking out that I cannot find any of my usual supplies,” wrote one Reddit user on the r/TemuThings subreddit. Another user shared a screenshot they claimed was of a conversation with Temu’s in-app customer service chat feature, …
Read More »A Tariff Standoff With China, Power Outages, and the End of Christmas
Zoë Schiffer: Got it, OK. Obviously, that makes sense for logistical reasons. It’s easier to just add a tariff charge than raise the price of individual goods. But is it also a way to subtly exert pressure on the Trump Administration, or am I over-interpreting things? Louise Matsakis: I don’t …
Read More »Trump’s Tariffs Will Widen the Digital Divide
As President Donald Trump’s tariff turmoil continues, it becomes increasingly clear that this unpredictability in the US will create economic stress for American businesses and residents. But as with other types of commercial turbulence, the people who will be hit the hardest are those with lower incomes. Trump’s tariff policy …
Read More »Bad News for China: Rare Earth Elements Aren’t That Rare
“The heavy rare earth elements are added as sort of a spice, a doping agent, to maintain the magnetism of the magnet at high temperatures. It also improves corrosion resistance and the longevity of the magnet,” says Seaver Wang, director of the climate and energy team at the Breakthrough Institute, …
Read More »The Tariffs Are Coming for Baby Products
Being a parent is an expensive experience. A stroller alone can easily cost over a thousand dollars, not to mention the constant new clothing as children grow, formula and food for them to eat, and the rising costs (and challenge to find) of childcare. Unfortunately, there’s no reprieve in sight, …
Read More »Investors Worry Trump’s Tariffs Could Cause a ‘World of Hurt’ for Startups
“To the extent you are midstream in raising capital, get that closed as soon as possible. We repeat, close anything midstream ASAP,” Hazard wrote. “And be really judicious about how your capital is being deployed.” Managing partner Charles Hudson told WIRED that his venture firm, Precursor, has stakes in several …
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