Hong Kong flag carrier Cathay Pacific Airways’ cargo business faces declining China-US e-commerce volumes, rising chartered flight cancellations and falling freight spot rates, but full-year profits could be cushioned by lower jet fuel costs, according to a research report. The report, which was published by HSBC on Wednesday, also said the company’s cargo business would…
In the past month, global fashion brands have been scrambling to make sense of President Donald Trump’s ‘Liberation Day’ tariffs. Production and material costs quickly spiked for independent brands, suppliers in established garment manufacturing countries saw orders paused or cancelled, and share prices slumped across the industry. As fashion reeled over rising prices, many looked…
Ford Motor on Wednesday said it is raising prices on three models produced in Mexico, pointing to higher U.S. tariffs on imported vehicles as one reason for the adjustment. The vehicles subject to the price increases of up to $2,000 per model include the Maverick, Bronco Sport and Mach-E, Ford said in a statement to…
Why tariffs are making the trade deficit surge – CBS News Watch CBS News The U.S. is buying even more goods from other countries amid President Trump’s sweeping tariffs. Kelly O’Grady explains. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link
Tariffs force U.S. bicycle company to halt imports from China – CBS News Watch CBS News American businesses, large and small alike, are adjusting to the Trump administration’s trade war with China. Tom Hanson reports one major company is halting shipments altogether. Be the first to know Get browser notifications for breaking news, live events,…
The Kamler family, owner of Fairfield, New Jersey-based Kent International, has been in the bicycle business for four generations. “When I joined the company in 1972, we had six employees, including both my parents and myself,” former Kent International CEO Arnold Kamler told CBS News. “And as of a few months ago we had over…
With Mother’s Day approaching, you may be looking to buy a bouquet of flowers — and prices could be higher due to tariffs enacted by President Trump. “We’re going to do the best we can to sort of keep those prices where they need to be. But people can definitely expect to be paying a…
Shipments of Chinese goods to the U.S. are plunging, auguring potential supply-chain disruptions that could empty store shelves as early as this summer, some experts have warned. As U.S. tariffs of up to 145% on Chinese imports take hold, supplies of a broad range of products could start to dwindle later this summer as back-to-school…
Prime Minister Narendra Modi announced on Tuesday that India and the United Kingdom had finalised an “ambitious and mutually beneficial” free trade agreement which will bolster business and investment between the two countries. UK’s Prime Minister Keir Starmer and India’s Prime Minister Narendra Modi stated that they have concluded a free trade deal between the…
Canadian Prime Minister Mark Carney is meeting with President Trump at the White House Tuesday for the first time since taking office in March and pledging to stand firm against the U.S. president. U.S.-Canada relations have been strained by Mr. Trump’s tariffs and his comments about making Canada the 51st state. Carney said in his victory…