President Donald Trump issued an executive order in April that sought to protect America’s “leadership in deep sea science and technology” by authorizing mineral exploration on the ocean floor. The post Maritime Experts and Green Activists Scramble to Stop Trump’s Pioneering Deep Sea Mining Effort appeared first on Breitbart. Source link
Dick’s Sporting Goods to buy Foot Locker for $2.4 billion
Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company in as many weeks as business leaders struggle with uncertainty over how U.S. President Donald Trump’s tariffs will impact companies that make many of their products overseas. Dick’s said Thursday that it […]
Toymaker says China tariff reprieve means “there’s going to be a Christmas this year”
Small business owner David Mauro hopes an agreement by the U.S. and China to temporarily lower tariffs means there’ll be toys for Christmas this holiday season. U.S. tariffs on Chinese imports of 145% that had previously been in place spelled serious trouble ahead for his company, Jesusdoll.com, which makes talking religious toys, he told CBS […]
Nissan lays off 15% of its global work force amid slipping sales worldwide
Nissan is slashing about 15% of its global work force, or about 20,000 employees, as the Japanese automaker reported a loss Tuesday for the fiscal year that just ended amid slipping vehicle sales in China and other nations, and towering restructuring costs. Nissan said it will reduce the number of its auto plants to 10 […]
Taliban Prepares to Send Top Diplomat to Beijing
The Chinese Communist Party invited Taliban “foreign minister” Amir Khan Muttaqi to Beijing this weekend following assurances Beijing will offer continuing support for the jihadist rulers at a meeting in Kabul, Afghanistan. Muttaqi accepted and will visit the Chinese capital “later this month,” the Afghan outlet Tolo News reported. China sent its top diplomat on Afghanistan issues, […]
A “de minimis” tariff exemption expires Friday. Here’s what that means for shoppers.
Cheaper goods from China are set to become a lot more expensive for U.S. consumers with the May 2 expiration of a loophole that formerly allowed lower cost packages to enter the country duty-free. Ultra-low cost retailers like Shein and Temu are among the major players that until Friday relied on the loophole that allowed […]
U.S.-China tariff truce offers temporary relief — and plenty of uncertainty
A tariff truce between the U.S. and China announced on Monday will offer companies some relief, but also prolong the kind of economic uncertainty that makes it hard for businesses to plan for the future. Beginning May 14, the U.S. will lower its maximum tariff rate on Chinese imports from 145% to 30%, including a 10% baseline […]
Did Trump cave to China in tariff deal?
Did Trump cave to China in tariff deal? – CBS News Watch CBS News For the past 6 weeks, President Trump’s trade war caused havoc in markets and seriously disrupted global supply chains. That turmoil has died down — for now. But what’s most surprising is that China made very few concessions for the U.S. to […]
Breaking down Trump’s tariff truce with China
Breaking down Trump’s tariff truce with China – CBS News Watch CBS News All three major stock indexes posted their biggest single-day gains in a month after President Trump announced a 90-day pause on his 145% reciprocal tariff against China. Scott Lincicome, a vice president at the Cato Institute’s Trade Policy Center, joins to discuss. […]
U.S. and China have agreed to temporarily reduce tariffs for 90 days. Here are the details.
U.S. and China have agreed to temporarily reduce tariffs for 90 days. Here are the details. – CBS News Watch CBS News The United States and China announced a step toward ending their trade war. Both countries have agreed to sharply reduce tariffs for 90 days. Last month, the U.S. imposed a 145% tariff on […]