Shein and Temu to Raise Prices in Response to Tariffs Shein and Temu, two prominent players in the fast-fashion industry, have recently announced their decision to increase prices in response to tariffs. The move comes as a response to the economic challenges brought about by the tariffs imposed on imported goods. Customers of both retailers […]
Apple’s $2 billion iPhone airlift from India dodges Trump’s tariffs
Apple’s $2 Billion iPhone Airlift from India Dodges Trump’s Tariffs In a bold and strategic move, tech giant Apple recently orchestrated a high-stakes operation involving the airlifting of a staggering 600 tons of iPhones from India to the United States. The urgency behind this massive logistical endeavor stemmed from the looming threat of tariffs imposed […]
Shein’s Tariff-Busting Shift Hits Home in Chinese Factory Hub
Shein’s Tariff-Busting Shift Hits Home in Chinese Factory Hub Shein, the ultra-fast-fashion giant, has been a disruptor in the fashion industry, known for its rapid turnover of trendy designs at affordable prices. However, recent reports from local factories in China’s manufacturing hub suggest a significant shift in Shein’s production strategy. The factories are experiencing falling […]
Tesla co-founder’s firm to recycle old batteries for rare earths to beat China curbs
Tesla Co-Founder’s Firm to Recycle Old Batteries for Rare Earths to Beat China Curbs Shared mobility company Lime has turned to Redwood Materials, a company founded by Tesla co-founder JB Straubel. Redwood Materials aims to tackle a pressing environmental issue while also securing a supply of rare earth materials crucial for electric vehicles. With China […]
Nvidia brings AI supercomputer production to the US
Nvidia to Manufacture AI Supercomputers in the US Nvidia, a leading technology company renowned for its cutting-edge advancements in artificial intelligence (AI), is making strategic moves by bringing its AI supercomputer production to the United States. This decision marks a significant shift in the landscape of AI manufacturing and underscores Nvidia’s commitment to innovation and […]
China halts rare earth exports in trade war escalation
China Halts Rare Earth Exports in Trade War Escalation In the midst of the ongoing trade war between the United States and China, a new development has emerged that has sent shockwaves through global markets. China, the world’s largest producer of rare earth elements, has announced a halt on its exports of these critical minerals. […]
Fast Retailing Expected to Post 14% Jump in Q2 Profit as Tariffs Loom
Fast Retailing Expected to Post 14% Jump in Q2 Profit as Tariffs Loom Fast Retailing, the Japanese parent company of the popular clothing brand Uniqlo, is gearing up to announce its second-quarter earnings report this Thursday. Analysts are anticipating a significant 14% increase in profits, building on the company’s track record of delivering strong financial […]
America strikes back: GeoFrame Energy fuels US bid to break China’s lithium grip
America Strikes Back: GeoFrame Energy Fuels US Bid to Break China’s Lithium Grip The U.S.-China trade war is heating up again—this time with serious implications for critical minerals. As China controls a significant portion of the world’s lithium supply, the United States is facing a potential threat to its energy security and technological advancement. However, […]
Op-Ed | Fashion’s Reset: What Tariffs Are Forcing Us to Finally Fix
Fashion’s Reset: What Tariffs Are Forcing Us to Finally Fix The fashion industry has long been plagued by issues such as collapsing margins and surging inventory costs. These challenges have not only created a crisis within the industry but have also shed light on the urgent need to rebuild our broken fashion system. In a […]
Apple and Samsung brace for impact as US tariffs take effect
Apple and Samsung Face Pricing Pressure Amid US Tariff Implementation As the United States implements new tariffs, tech giants like Apple and Samsung are bracing for the impact on their bottom lines. With the possibility of increased import costs looming large, both companies may find themselves in a tough spot when it comes to pricing […]