Vietnam
Retailers avoided a worst case scenario in Vietnam. But executives say Trump’s trade deal could still hit consumers
The retail industry is breathing a sigh of relief after it appeared to avoid the worst case scenario on Vietnam tariffs. But some executives believe the tentative trade deal President Donald Trump announced Wednesday is still bad for business and could have a chilling effect on consumer spending. “It’s a lot better news than where […]
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CNBC Daily Open: Wall Street disregards job losses to focus on cheaper shoes from Vietnam
White Nike sneakers on June 26, 2025 in Paris, France. Edward Berthelot | Getty Images Entertainment | Getty Images If I had to choose between having a job and paying less for Nike shoes, you’d see me run barefoot to the office. Wednesday’s market moves, however, suggested that Wall Street preferred the cheaper shoes. […]
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Fund managers are pouring money into emerging markets. Here’s where investors see opportunities
Volatility has gripped global equity markets this year — and according to some asset managers, now could be the perfect time to rethink emerging markets. Developing economies were hit particularly hard by U.S. President Donald Trump’s so-called “reciprocal tariffs” plans when he unveiled them in April, with Sri Lanka, Cambodia and Vietnam slapped with tariffs […]
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Most retail executives expect Trump to walk back ‘reciprocal’ tariffs, survey finds
A container truck and shipping containers are shown at the Port of Los Angeles, in San Pedro California, U.S., May 13, 2025. Mike Blake | Reuters Even retail executives are bullish on the “TACO trade.” Following weeks of shifting trade policy, early deals and winding court challenges, some retail executives are starting to feel more […]
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Here’s how tariffs could affect the price of goods like shoes and sweaters
What is the true cost of tariffs? It’s debatable — not only because of political biases, but also because it’s far from straightforward to calculate just how much of the levies consumers end up paying. Even so, it’s possible to estimate how much the price of common items could increase under President Donald Trump’s various […]
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Gap shares plummet as retailer says tariffs could cost between $100 and $150 million
People walk past the entrance of a Gap store in Paris, France, July 1, 2021. Sarah Meyssonnier | Reuters Gap said new tariffs could impact its business by $100 million to $150 million, if they remain in effect, the company said Thursday when announcing fiscal first-quarter earnings. Shares fell more than 15% in after-hours trading. […]
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CNBC Daily Open: European nations and companies reposition themselves in response to Trump tariffs
French President Emmanuel Macron at a luncheon with Vietnam’s Communist Party General Secretary To Lam at the Temple of Literature in Hanoi, Vietnam, on May 26, 2025. Chalinee Thirasupa | Afp | Getty Images French President Emmanuel Macron visiting Vietnam and Swedish automaker Volvo Cars laying off employees might not appear to have much in […]
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CNBC Daily Open: Europe is already responding to Trump tariffs
France’s President Emmanuel Macron gives a press statement near the Metropole Hotel before attending a state dinner in Hanoi on May 26, 2025. Ludovic Marin | Afp | Getty Images French President Emmanuel Macron visiting Vietnam and Swedish automaker Volvo Cars laying off employees might not appear to have much in common. But they are, […]
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Nike will raise prices on a wide range of products as soon as this week
Nike shoes are seen in the King of Prussia Mall, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump’s decision to impose import tariffs on dozens of countries, in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel Wisniewski | Reuters Nike will raise prices on a […]
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The most common travel scams in 9 global cities
The travel industry is one of the sectors most susceptible to fraud, with scams rising 18% during the summer peak season and 28% in the winter peak season in 2024, according to a new report. The report, published last Tuesday by the Mastercard Economics Institute, showed that fraud related to travel agency and tour company […]
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