An autonomous farm in Ontario that recently came online is now getting a rush of unexpected business thanks to the trade war, which has Canadian consumers and businesses dropping American products in favor of domestically produced goods.
Looking back at the first Trump administration’s tariff policy might give some insight on where trade policy is or isn’t headed. But don’t expect firm answers.
Dick’s Sporting Goods is standing by its forecast for the year, despite everything happening with economic policy. It joins a small group of retailers that are worried, but not too worried.
One reason for the decline is that companies stockpiled goods in March trying to get ahead of tariffs, and are now pulling back. But it also could signal tough times ahead for the U.S. economy.
Pottery Barn is one of many retailers focusing more on business outside the U.S. And it seems to be a strategy to offset the cost of tariffs, and the potential downshift in spending from American consumers.