Imports of goods into the U.S. dropped a record 19.8% in April, according to estimates released by the U.S. Commerce Department on Friday. That drop is in sharp contrast to a 5.7% uptick of goods imported in March, widely believed to be driven by U.S. retailers and consumers buying in advance of President Donald Trump’s […]
Trump Demands Walmart ‘Eat the Tariffs’
Donald Trump is employing a new strategy to ensure that consumers don’t blame him for the increasing cost of goods: begging corporations to save him. In a post on Truth Social on Saturday morning, the President took aim at Walmart and said the corporation should stop blaming his ongoing trade war for rising prices and […]
Walmart Says Prices Will Spike in About Two Weeks as Trump’s Tariffs Hit
The U.S. is currently charging a 30% tariff on most goods coming from China, down from the 145% tariffs President Donald Trump had imposed in the aftermath of his April 2 “Liberation Day” announcement. Online retailers like Temu and Shein have already been hit with higher prices, but the question on every American consumer’s mind […]
How Hollywood is Trying to Handle Trump’s Potential Movie Tariffs
Earlier this week, the American movie industry was thrown out of whack when president Donald Trump revealed his tariffs for international film productions. Reactions to this news was met with negativity and concern from Hollywood and movie fans, even as the president himself argued this would greatly benefit the local industry. But without any real […]
Elon Musk’s Starlink Is Quietly Benefiting From Tariff Negotiations
The Trump administration’s tariff regime has squeezed most Americans, causing new financial pressures as the cost of goods goes up, but at least one person seems to be making out pretty well from the situation: Elon Musk. According to a report from the Washington Post, Musk’s satellite internet company Starlink has attracted new interest from […]
Freight Company Tells SEC It Needs Millions in $TRUMP to Get Access to the President
Donald Trump has promised to have dinner with the top holders of his cryptocurrency memecoin $TRUMP, creating a pretty clear-cut opportunity for buying access to the leader of the free world. Freight Technologies Inc., a North American-based shipping company, wants to take advantage. The firm’s CEO Javier Selgas recently announced—publicly, on purpose, with zero consequence—that […]
How Tesla Could Skirt Trump’s Tariffs While Everyone Else Pays Up
President Trump’s sweeping tariff changes have stirred up considerable economic uncertainty and confusion. Higher import duties will affect at least some products in virtually every industry, but some sectors face steeper consequences than others. Automakers, in particular, could struggle as regulators crack down on imported cars and parts, with the notable exception of Tesla, the […]
The Funniest Memes About America’s Impending Doll Shortage
Do your kids enjoy playing with toys? What about dolls? Well, buckle up, because the President of the United States says soon you’ll be able to afford a lot fewer of those. And he thinks that’s a really good thing. President Donald Trump held a cabinet meeting on Wednesday where a wide range of topics […]
Apple’s Second-Biggest Supplier Says to Expect Empty Shelves Due to Trump Tariffs
So far, the impact of Donald Trump’s trade war with China has mostly only been felt in the markets. The worst is yet to come for consumers, according to Pegatron, a Taiwanese company that plays a key role in the supply chain of Apple and other electronics companies like Dell. An executive from the company, […]
Gadgets Are Getting More Expensive, But Not Even Amazon Wants to Say ‘Tariffs’
U.S.-based consumers should have one expectation for the future: your tech will be more expensive. The most obvious culprit is Trump’s tariffs, and already prices for TVs, wearables, PC gear, gaming devices, chargers and many more product categories demand more from your wallet than they did a month ago. Companies have made radical changes in […]