US Delays Tech Import Taxes Amid Trade Tensions with China In the midst of escalating trade tensions between the United States and China, a recent development has emerged that could potentially ease the strain on the tech industry. The US government has decided to exempt key electronics from import taxes, providing a much-needed respite for […]
Tariffs raise Bitcoin mining costs in the US
Tariffs Raise Bitcoin Mining Costs in the US The recent surge in import duties has sent shockwaves through the Bitcoin mining industry in the United States. As rising tariffs disrupt the supply chain for crucial mining rigs, companies are left grappling with tough decisions. The increased costs threaten the profitability of mining operations, forcing firms […]
LVMH Sales to Test Luxury Investors’ Nerves After Tariff Pain
LVMH Sales to Test Luxury Investors’ Nerves After Tariff Pain The luxury industry is facing a challenging time as the impact of tariffs continues to ripple through the market. This turmoil is evident in the luxury stocks index compiled by Goldman Sachs Group Inc., which has seen a significant drop of over $200 billion from […]
Trump’s tech tariffs spare smartphones, computers and other electronics
Trump’s Tech Tariffs Exemptions Provide Relief for Apple and Dell In the midst of a tumultuous trade war between the United States and China, President Trump’s recent decision to grant tariff exemptions on smartphones and laptops has come as a welcome relief for tech giants like Apple and Dell. This unexpected move has not only […]
AI giant Nvidia rebounds but challenges remain
AI Giant Nvidia Rebounds but Challenges Remain Nvidia, the renowned AI giant, has been making headlines once again as it stages a remarkable rebound in the wake of Trump’s tariff shift. The company, known for its cutting-edge graphics processing units (GPUs) and dominance in the AI and machine learning industries, faced significant challenges in recent […]
Trump Sees ‘Transition Problems’ With China Tariffs at 145%
Trump Sees ‘Transition Problems’ With China Tariffs at 145% President Trump has once again made waves in the economic realm with his recent declaration regarding the China tariffs, stating that they could potentially reach a staggering 145%. During a Cabinet meeting on Thursday, Trump acknowledged that such a significant increase in tariffs could lead to […]
EU Suspends Retaliatory 25% Tariffs on US Goods After Trump U-Turn
EU Suspends Retaliatory 25% Tariffs on US Goods After Trump U-Turn In a surprising turn of events, the European Union has decided to suspend the implementation of retaliatory 25% tariffs on US goods. This decision comes hot on the heels of a U-turn by former US President Donald Trump, who had previously imposed tariffs on […]
Chinese Sellers on Amazon to Hike Prices or Exit US as Tariffs Soar
Chinese Sellers on Amazon Face Tough Decision as Tariffs Rise Chinese sellers on Amazon are currently at a crossroads due to the soaring tariffs imposed by the United States. With China housing approximately half of Amazon’s sellers, who collectively generate annual revenues of $35.3 billion, any changes in the trading relationship between the two countries […]
Lacoste Ups Its US Ambitions With New York Flagship
Lacoste Ups Its US Ambitions With New York Flagship French sportswear brand Lacoste is making bold moves to strengthen its presence in the United States with the launch of a new flagship store in New York City. This strategic decision comes as part of Lacoste’s broader plan to drive sales growth in the US, a […]
Tariffs Won’t Kill Fast Fashion, But They Might Kill Sustainable Fashion
Tariffs Won’t Kill Fast Fashion, But They Might Kill Sustainable Fashion In recent years, the fashion industry has been undergoing a transformation. With sustainability and ethical practices at the forefront of many brands’ agendas, there has been a notable shift towards a more conscious way of producing and consuming fashion. However, with America’s escalating trade […]