(Bloomberg) — When At Home Group Inc.’s lawyer stood before a US bankruptcy judge last month asking to wipe out nearly $2 billion of the retailer’s debt, the reason came quick: tariffs. It’s a line that’s showing up in more and more courtrooms. Tile importer Mosaic Cos. blamed them in a recent filing. Just weeks…
A new survey of American companies operating in China has indicated that most of them consider the country’s market critical despite fraying bilateral relations, tariffs, economic weakness and lost market share. Nearly all respondents participating in an annual US-China Business Council survey said they cannot remain globally competitive without their business in the world’s second-largest…
The back-to-school season may seem at least a month away on the calendar, but for a majority of American families, it’s already begun. Two-thirds of back-to-school shoppers have already started buying clothing and supplies ahead of the new school year — a 55% increase on the level of early purchases last year. That’s according to…
Stocks dipped on Tuesday as new consumer price index data showed rising inflation and the Aug. 1 deadline for Trump’s tariff campaign loomed. President Donald Trump’s tariff campaign is coming for your price tags. On Tuesday, the Labor Department released new data on its Consumer Price Index, showing that consumer prices rose 2.7% in June…
Inflation ticked up in June, here’s where prices rose most – CBS News Watch CBS News The Consumer Price Index, which tracks the changing costs of goods, rose in June for the second month in a row. Kelly O’Grady breaks down what that means. Be the first to know Get browser notifications for breaking news,…
How to save on groceries as prices climb How to shop smarter and spend less as grocery prices climb 03:49 The Consumer Price Index in June rose 2.7% on an annual basis, a sign inflation around the U.S. is creeping up after declining earlier this year. By the numbers The CPI was forecast to rise…
How one U.S. cheese manufacturer hopes to take advantage of tariffs – CBS News Watch CBS News President Trump is slapping 30% tariffs on goods from the European Union, including cheese. One cheese maker in Michigan is hoping to take advantage. Nancy Chen reports. Be the first to know Get browser notifications for breaking news,…
A flurry of tariff threats by President Trump leaves U.S. consumers and businesses in limbo ahead of an Aug. 1 deadline to deploy the import duties against more than 50 countries around the world, according to economists and trade experts. “Nobody knows whether these are threats or whether they will become policy, so it seems…
(Reuters) -The Trump administration’s tariffs are likely to boost U.S. manufacturing jobs and real income in a majority of states, but lower employment and income adjusted for inflation in the country as a whole, new research from the San Francisco Federal Reserve showed on Monday. Assuming a 25% increase in U.S. tariffs on imports from…
A drop in tourism to the U.S. is already costing the country billions, but a fee implemented in President Donald Trump’s signature spending bill could keep away even more visitors. The bill institutes a $250 “visa integrity fee” starting in 2026 for non-immigrant U.S. visas, which include tourist, student and work visas. The added cost…