Retail industry
Trump tariff live updates: China punches back, sending U.S. markets tumbling
China tariffs slap back at Trump’s plan China’s President Xi Jinping attends the Asia-Pacific Economic Cooperation (APEC) Summit in San Francisco, California, U.S. November 17, 2023. Carlos Barria | Reuters China’s finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. The China tariffs take effect on April 10. The […]
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Shoppers will pay more for bananas, coffee and toilet paper because of tariffs, trade group says
A customer shops for produce at an H-E-B grocery store in Austin, Texas, on Feb. 12, 2025. Brandon Bell | Getty Images Shoppers will likely pay more for coffee, bananas, vanilla and toilet paper over the coming weeks as the Trump administration’s new tariffs go into effect. The U.S. plans to hike tariff rates on […]
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Trump tariffs live updates: Markets shaken as global trade tensions escalate
Tariffs will raise the price of footwear, major trade group says Illuminated trademark of the American athletic footwear and apparel corporation Nike Inc. seen on its store window in Antwerp, Belgium. Karol Serewis | Lightrocket | Getty Images New tariffs will raise the price of shoes that Americans buy and lead to cheaper quality merchandise, […]
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Trump’s massive 46% Vietnam tariffs could hit Nike, American Eagle and Wayfair
File: workers at the Maxport factory, which makes activewear for various textile clothing brands, in Hanoi. Nhac Nguyen | Afp | Getty Images Retailers and brands have turned to Vietnam to manufacture goods from sneakers to couches while moving some or all production out of China. For years, China’s southern neighbor became a popular alternative […]
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Trump administration puts 25% tariff on all canned beer imports, empty aluminum cans
Aluminum cans wait to be filled with craft beer during a production run at Black Plague Brewery in Oceanside, California, U.S., March 14, 2025. Mike Blake | Reuters The Trump administration will implement a 25% tariff of all imported canned beer and empty aluminum cans starting Friday, according to a notice from the Department of […]
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How U.S. women’s soccer coach Emma Hayes plans to grow the sport
Emma Hayes is on a mission to reinvigorate women’s professional soccer in the United States. Hayes was hired as head coach of the U.S. women’s national team in June after a disappointing few years for the squad as it dealt with an aging lineup, coaching instability, and increased global competition. Less than a year in, […]
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Supreme Court rules for the FDA in flavored vapes dispute
A person uses a vape pen near Bryant Park on December 02, 2024 in New York City. Michael M. Santiago | Getty Images The Supreme Court on Wednesday handed a win to the Food and Drug Administration over its refusal to approve flavored e-cigarettes. The court threw out an appeals court ruling that found the […]
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QVC is betting on TikTok to help revive its live shopping business
FILE PHOTO: Signage is displayed at the entrance to the QVC Studio Park in West Chester, Pennsylvania, U.S., June 4, 2018. Brendan McDermid | Reuters QVC Group is launching the first-ever nonstop live shopping streams on TikTok in the U.S. in a bid to revive its business and broaden its audience. Beginning Wednesday, hosts from […]
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Tequila maker says tariffs won’t affect his prices. Here’s why he plans to absorb costs
Suerte Tequila’s dedicated factory and agave farm in Jalisco Mexico. Courtesy: Suerte Tequila While some tequila makers have warned they might have to implement price hikes to offset tariffs, Colorado-based Suerte Tequila said it has been able to keep overhead prices low enough that it will absorb the levies if necessary. The Jalisco-made tequila label […]
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Primark boss Marchant resigns after ‘error of judgment’ with a woman
Primark store at the Queens Center mall in Elmhurst, NY. Melissa Repko | CNBC The head of fast fashion chain Primark, Paul Marchant, has resigned with immediate effect after he admitted to an “error of judgment” towards a woman in a social situation late last year. Parent-company Associated British Foods said in a statement on Monday […]
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