6 d. ago Howard Lutnick says Trump’s tariffs won’t raise prices (despite Walmart, Nike and others saying they are)

‘I would expect that prices in America will be unaffected,’ Commerce Secretary says

Politics

6 d. ago Nike set to raise prices between $2 and $10 on every item because of Trump’s tariffs

Nike shoes will likely see between a $5 and $10 price increase

Economics

7 d. ago Home Depot claims it won’t raise its prices in response to Trump’s tariffs

‘It’s a great opportunity for us to take share, and it’s a great opportunity for our suppliers to take share as well,’ executive vice president says

Politics

8 d. ago Majority of US companies say they have to raise prices due to Trump tariffs

Over half (54%) of companies surveyed by insurer Allianz say they will have to raise prices to accommodate cost of tariffsA majority of US companies say they will have to raise their prices to accommodate Donald Trump’s tariffs in the US, according to a new report.More than half (54%) of the US companies surveyed by insurance company Allianz said they will have to raise prices to accommodate the cost of the tariffs. Of the 4,500 companies across nine countries, including the US, UK and China, surveyed by Allianz only 22% said they can absorb the increased costs. Continue reading...

Politics

1 week ago Trump to talk to Putin on Monday about Ukraine ceasefire proposal and trade

In social media posts, president also slammed Walmart for price increases and spread anti-Clinton conspiracy theoriesDonald Trump has said that he will speak to both Vladimir Putin and Volodymyr Zelenskyy in an effort to stop what he called the “bloodbath” war in Ukraine, in a barrage of new social media posts that included baseless conspiracy theories and a demand that Walmart not raise prices for customers because of tariffs he has imposed.Trump, posting on his Truth Social account on Saturday, wrote that he will speak to Putin on Monday morning. “THE SUBJECTS OF THE CALL WILL BE, STOPPING THE ‘BLOODBATH’ THAT IS KILLING, ON AVERAGE, MORE THAN 5000 RUSSIAN AND UKRAINIAN SOLDIERS A WEEK, AND TRADE,” Trump wrote, in his customary all-capitalized prose. Continue reading...

Politics

3 w. ago Barbie maker raises prices due to Trump tariffs as Ford warns of $1.5bn cost

Toy company Mattel says it will reduce imports into the US from China to below 15% by 2026Business live – latest updatesBarbie maker Mattel has said it will increase prices for some products in the US in response to Donald Trump’s tariffs while carmaker Ford said the US president’s measures would cost it about $1.5bn (£1.1bn) this year.The US represents about half of Mattel’s global toy sales, and the company imports about 20% of its goods sold in the country from China. Mattel said it would reduce imports into the US from China to below 15% by 2026. Continue reading...

Economics

3 w. ago Barbie maker Mattel to raise some US prices due to Trump tariffs

Carmaker Ford says tariffs will cost it about $1.5bn this year as toymaker says it will reduce imports from ChinaBusiness live – latest updatesBarbie maker Mattel has said it will increase prices for some products in the US as Donald Trump’s sweeping tariffs bump up costs for the toymaker.The US represents about half of Mattel’s global toy sales, and the company imports about 20% of its goods sold in the country from China. Mattel said it would reduce imports into the US from China to below 15% by 2026. Continue reading...

Politics