US Trade War Intensifies: Trump Prioritizes Auto Duties and Levies on Semiconductors and Pharmaceuticals The United States trade war continues to escalate as President Trump showcases a degree of flexibility on tariffs while doubling down on imposing additional duties on key industries. Amidst ongoing negotiations and tensions with major trading partners, the latest developments highlight […]
Nike Comeback Bid Is Threatened by Inventory Reset, Tariffs
Nike’s Comeback Bid Faces Challenges from Inventory Reset and Tariffs Nike, the iconic activewear brand, is currently facing a turbulent period as it navigates through a challenging landscape of inventory issues and tariffs. The company’s shares recently took a hit, dropping nearly 5 percent following a concerning statement made by CFO Matthew Friend during Nike’s […]
China accuses Taiwan of selling semiconductor industry to the US
The Escalating Tech War: Taiwan Denies Accusations of Selling Semiconductor Industry to the US In the ever-evolving landscape of global politics and technology, accusations and denials have become commonplace. The recent claim by China, accusing Taiwan of selling its semiconductor industry to the United States, has sparked controversy and raised concerns about the future of […]
Canadian Pantyhose Maker Furloughs 40% of Staff on Trade-War Woes
Trade-War Woes: Montreal-Based Pantyhose Maker SRTX Furloughs 40% of Staff The impact of trade wars on businesses is becoming increasingly evident, with Montreal-based pantyhose maker SRTX being the latest casualty. The threat of new US tariffs has compelled the company to take drastic measures, placing over a third of its workforce on leave. This decision […]
Luxury’s China Priorities in the Year of the Snake
Luxury Brands Facing Challenges in China Market in the Year of the Snake The allure of the Chinese market for luxury brands is undeniable. With its growing middle class and increasing disposable income, China has been a key focus for many luxury brands looking to expand their global reach. However, the Year of the Snake […]
Trump Stirs Tariff Pot With Fresh Threats on EU and a Feb 1 Deadline for China
Trump’s Tariff Threats Shake Global Markets US President Donald Trump has once again sent shockwaves through the global economy with his recent threats of imposing tariffs on both the European Union and China. In a move that has left many world leaders and economists on edge, Trump announced his administration’s plans to levy punitive duties […]