“In the last six months, the tariff rate on products like we make in Cambodia coming into the U.S. has gone from 0% to 49% to 10% to 36% to 19%,” said Ben Knepler of True Places.
Companies that make the high-capacity batteries that usually end up in EVs are now shifting focus to supplying data centers and storage for energy producers.
Walmart says 90% of products from in-store brands are already free of these additives. But even a 10% change for a retailer as massive as Walmart can have a big effect on the industry
New orders for durable goods from U.S. manufacturers rose 2.9% in August, compared to July. But at least some of that rise is not because more stuff is being ordered, just that it is getting more expensive.
China is typically the destination for over a quarter of the U.S. soybean harvest. Now, U.S. farmers have a choice between selling at lower prices domestically or storing crops in hopes of a trade deal.