Latest in Tariffs Low Cost
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Trump pauses tariffs on low-cost parcels in US-China trade reprieve
Repeal of ‘de minimis’ exemption had sparked turmoil at US customs and postal service as shipments piled upFinancial Times - 1h -
Trump delayed tariffs on low-cost packages from China
President Trump signed an executive order this week that temporarily prevents low-cost packages from China from being slapped with his new tariffs. The move delays the suspension of the de minimis ...The Hill - 9h -
Jobless Benefit Claims Rose, But Layoffs Remain Relatively Low
The Labor Department said jobless claims rose by 11,000 last week to 219,000, a bit higher than expected.Inc. - 1d -
Tariff Uncertainty Taxes the Auto Industry
For some in the car industry, the uncertainty surrounding a US-border trade war is almost worse than the tariffs themselves. If the tariffs go through, the costs might get passed down to buyers.Wired - 1d -
Fast fashion, laptops and toys are likely to cost more due to US tariffs on Chinese imports
A sweeping new U.S. tariff on products made in China is expected to increase the prices American consumers pay for a wide array of productsABC News - 3d -
Trump Defended Musk’s Cost-Cutting Effort
Also, a judge paused job cuts at U.S.A.I.D. Here’s the latest at the end of Friday.The New York Times - 9h