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In just six months, President Donald Trump has remade global trade and upended a century of precedent.
Economists say the way the Trump administration is imposing tariffs is backfiring for some of the businesses they are meant ...
As U.S. President Donald Trump's new tariff regime clicks into gear on Friday, producers around Europe are feeling the impact ...
Some luxury firms may have a little more power than others. Birkin bag maker Hermes raised prices by 7 percent globally, with ...
In June, Marelli Holdings, a major global automotive supplier, filed for bankruptcy in the US. In court filings, CEO David Slump blamed the tariffs for destabilizing Marelli's business, which depends ...
More than 1,000 exhibitors attended this year's Institute of Food Technologists expo, with some Illinois companies sharing how they have navigated tariffs and supply chain challenges.
The company had previously guided that tariffs could have a negative impact of as much as 40 cents a share on full-year earnings. In its latest outlook, 3M sees a net headwind of just 10 cents.
This week on Empire State Weekly, Grace Bonilla, the President and CEO of United Way of New York City, explained how spending cuts to SNAP will impact the availability of food assistance in the state.
Inflation from tariffs will likely keep rising until November or December, according to Apollo's chief economist Torsten Sløk.
“Companies are struggling, but the tariffs did not put them into bankruptcy,” said Stephanie Roth, chief economist at Wolfe Research. “Until the labor market starts to crack in a real negative way, ...
Marelli, the auto-parts supplier, for its part, said in a court filing that it was “severely affected” by headwinds driven by auto tariffs rolled out by the Trump administration in March.
Just weeks earlier, it was auto-parts supplier Marelli Holdings Co. and aluminum trader Sinobec Group Inc. In all, tariffs have been laid out as a key reason in at least 10 bankruptcies in the US ...