Tariffs
President Trump's tariffs have forced retailers like Walmart to increase prices, with the nation's largest retailer warning that its profits will be affected. The president responded by attacking Walmart on social media, calling on the company to "EAT THE TARIFFS" and keep prices down.
Tariffs
Home Depot CEO Ted Decker confirmed that the company has diversified its global supply chain, making it less reliant on imports and better equipped to weather tariffs. The retailer's quarterly earnings report revealed sales of $39.9 billion for the first quarter of fiscal 2025, a 9.4%
Tariffs
Diageo, the British drinks giant behind popular brands like Guinness, Smirnoff, and Johnnie Walker, is bracing itself for a substantial financial hit due to US tariffs. According to the company, the tariffs will result in a ten per cent baseline hit on imports, which will be a significant setback for
Tariffs
As the ongoing trade disputes between the UK and the US continue to affect various sectors, Diageo, the world's largest producer of Scotch whisky, has announced that it will incur significant losses due to Donald Trump's trade tariffs. According to the company, it will lose around
Tariffs
The global semiconductor manufacturing industry entered 2025 with typical seasonal patterns, but looming tariff threats and evolving supply chain strategies are expected to create atypical seasonality for several industry segments as the year progresses. Despite heightened trade policy risks, current data for the first quarter of 2025 indicate that electronics
Tariffs
Consumer spending accounts for more than two-thirds of US economic activity, making a sharp pullback potentially damaging. Despite the pause on high levies, concerns about the ability of consumers to prop up growth persist. Household attitudes have soured, with a focus on cutting costs and slowing leisure and business travel.
Tariffs
China's economy has shown signs of slowing in April, with retail sales, property, and investment coming in weaker than economists had forecast, according to the country's National Statistics Bureau. The slowdown is attributed to the US trade war, which has imposed high tariffs and retaliatory duties
Tariffs
Fitch Ratings' latest commentary on the aircraft operating lease asset-backed securities (ABS) sector presents a nuanced view of the challenges facing the industry. Despite expected support from continued under-supply and the shift in preferences towards used aircraft due to tariffs, the sector is not immune to the growing pressures
Tariffs
China's new export control rules have begun allowing some shipments of rare earth elements, but the slow pace of approvals threatens disruption to global supply chains. The restrictions on seven rare earth elements and permanent magnets, vital for products ranging from electric vehicles to wind turbines, humanoid robots,
Tariffs
President Donald Trump has launched a strong warning to big corporations, particularly Walmart and Amazon, to absorb the costs of tariffs rather than passing them on to consumers. His stance is part of a broader populist push against what he calls "tariff profiteering." After Walmart announced it would
Tariffs
The Trump administration's second iteration has brought together a team of individuals who have made the first administration look like a masterclass in competence. These individuals, such as Treasury Secretary Scott Bessent, have consistently failed to provide credible justifications for the administration's economic policies, including the
Tariffs
As the largest drinks company in the world, Diageo has revealed that US President Donald Trump's tariffs could cost it $150m (£112m) in profits each year, with the company confirming it will attempt to mitigate half of the expected blow. Despite this, the company has expressed confidence in
