A new analysis out this week says the president's tariffs will be an effective tax increase, with low-income consumers hit the hardest.
“Betrayal” is the word that came up often with residents of Thunder Bay, Ontario.
In Thunder Bay, Ontario, Canadians feel both betrayed and uncertain about their future trade relationship with the U.S.
President Donald Trump is not the first to promise glory on the other side of a tariff wall.
As many as 80% of the toys we buy in the U.S. are manufactured in China. The trade war will likely speed up the shift to those other countries.
The apparel sector will be hit hard by tariffs. Plus, a deep dive into ESG backlash from “How We Survive.”
Services also account for about a third of U.S. exports.
It won’t be easy to move clothing assembly — or the manufacturing of fabric, buttons and zippers — to the U.S.
Would-be buyers are worried about inflation — and watching their 401(k)s dwindle.
“As materials’ cost balloon the way they have these past couple of weeks … I can’t continue to sell them at the prices that I was before,” said Isabel Dennis at KIMA Jewelry.