The home improvement chain broke from many other retailers, who say they cannot afford to absorb new tariffs. President Trump recently attacked Walmart for warning of price hikes.
Hollywood's plummeting film and TV production levels have studio executives and grassroots groups pushing for better incentives to keep business in California.
Jay Foreman, CEO of Basic Fun!, says the Trump administration's shifting tariff policy has created chaos for businesses — and could still disrupt the holiday season.
U.S. levies on Chinese goods will drop from at least 145% to 30% for an initial period of 90 days, while Chinese levies are set to fall from at least 125% to 10% on American goods.
The meetings between top U.S. and Chinese officials in Geneva represent the first potential efforts to end a trade war that has frazzled financial markets.
Trade negotiators from the U.S. and China are starting talks this weekend in Switzerland. These are the first high-level trade talks between the two countries since President Trump returned to the White House.
There's new tariffs on almost everything that is imported. Some of that increased cost is being eaten by exporters in other countries, but a lot of the higher prices are being picked up by Americans, who are seeing it in their receipts.
President Trump said this would boost U.S. exports of beef, ethanol, and other goods — though details on food standards still need to be worked out. The 10% U.S. tariff on imports of most British goods remains.
The immediate impact of the cargo decline affects virtually every business around the ports, but port officials say this downturn will soon be felt much more broadly.
Since he announced his intention to impose a 100% tariff on movies made outside of the United States, President Trump has hedged, saying he's open to meeting with industry leaders.
Production in Hollywood has been suffering. But it's unclear how a 100% tariff on movies produced outside the United States would work – or who it would help.
