A trade war with China and tariff threats on other countries are ramping up pressure on stores that sell products from overseas — which, for some categories, is just about all of them.
Fearing increased prices because of tariffs on Chinese goods, shoppers have flocked to Apple stores to buy iPhones, deciding not to wait until the release of new models later this year.
A trade war with China and tariff threats on other countries are ramping up pressure on stores that sell products from overseas — which, for some categories, is just about all of them.
The uncertainty of higher tariffs has spurred Germany, Italy, Portugal and Spain to announce financial lifelines for businesses and workers. More countries are expected to follow.
With tariffs threatening to drive up the costs of most things, the new entry-level phones from Apple and Google present a timely opportunity to save some bucks.
The company moved most of its manufacturing to Vietnam from China to avoid tariffs. But the unpredictability of President Trump’s plans have thrown Nintendo for a loop.
If sky-high U.S. tariffs hurt China’s exports, domestic spending will help make up for it, Beijing says. But shoppers were skittish even before the trade war.
The company counts on the sale of devices for three-quarters of its nearly $400 billion in annual revenue, and it makes almost all of its iPhones, iPads and Macs overseas.
President Trump’s announcement went beyond most predictions, showing a greater willingness to follow his instincts even when critics — and some allies — consider failure a likely outcome.
The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump more crude surprised the markets.
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