President Donald Trump’s aggressive tariff policy on April 2 didn’t just cause mayhem in the stock market. It sent Amazon sellers into a panic.Many sellers on Amazon count on China for manufacturing and assembly due to lower costs and established infrastructure – up to 70% of goods on Amazon come from China, according to Wedbush Securities. With nearly all imports from China being taxed a staggering 145% under the latest tariffs, Amazon sellers are having to decide whether to raise prices or absorb the vastly increased cost of importing their goods.Amazon CEO Andy Jassy on Thursday told CNBC that its…
Author: usaeverydaylife
One day last month, while killing time in the visiting dugout at Kauffman Stadium, Cleveland Guardians manager Stephen Vogt was asked what he actually did in his previous role as the Seattle Mariners’ bullpen and quality control coach.The first half of that label seemed obvious enough — bullpen coaches have been around in the majors for as long as anyone can remember. The other half? Vogt, after some explaining, broke into an impression of a television character from a show famed for sending up things like convoluted job titles.“Quabity. Quabity assuance,” Vogt said, mimicking Creed Bratton, the eccentric and oft-forgetful…
The U.S. military announced on Thursday that it had removed the commander of its Pituffik base in Greenland, adding that it would not tolerate any actions that go against President Trump’s agenda.The decision to remove Col. Susannah Meyers was announced in a statement by the U.S. Space Force that was posted on social media by Sean Parnell, the chief spokesman for the Pentagon.While the statement didn’t cite a specific reason for her removal, Mr. Parnell said that “actions to undermine the chain of command or to subvert President Trump’s agenda will not be tolerated.”Mr. Parnell’s post contained a link to…
A large number of machinery and vehicles are ready for shipment at the dock of the Oriental Port Branch of Lianyungang Port in Lianyungang, China, on September 27, 2024. Costfoto | Nurphoto | Getty ImagesBEIJING — U.S. has raised tariffs on Chinese imports to triple digits. For China’s exporters, it means raising prices for Americans while accelerating plans to diversify operations — and, in some cases, stopping shipments entirely.U.S. consumers could lose access to certain products in June since some American companies have halted their plans to import textiles from China, said Ryan Zhao, director at Jiangsu Green Willow Textile.For products…
Case of Modelo, a beer imported from Mexico, are seen for sale at a grocery store in Arlington, Virginia, February 3, 2025, following the announcement of tariffs by US President Donald Trump on important goods from Canada and Mexico. Saul Loeb | Afp | Getty ImagesConstellation Brands on Wednesday gave a weaker-than-expected outlook for its fiscal 2026 and slashed its medium-term forecast as it faces higher U.S. tariffs on most of its beer.The Modelo owner also topped Wall Street’s estimates for its fiscal 2025 fourth-quarter earnings and revenue, but its quarterly performance took a backseat to its outlook.Last week, the Trump…
Investors still concerned about what will happen with President Donald Trump’s tariff policy have a place to hide in three stocks, according to investor Rebecca Walser. Despite the 90-day pause on “reciprocal” tariffs announced Wednesday, the market fell Thursday – giving back some of the historic gains from the previous session. A 145% levy on goods from China, a 10% broad duty and 25% tariffs on aluminum, autos and some goods from Mexico and Canada still stand. While negotiations are ongoing over where the tariffs may ultimately land, Walser, president of Walser Wealth Management, is playing defense. “We are really…
Chris Verrone, Strategas, joins ‘Fast Money’ to talk the Yen as a safety trade. Source link
Traders work on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange in New York, US, on Thursday, April 10, 2025.Michael Nagle | Bloomberg | Getty ImagesStock futures fell on Thursday night as investors look to close out a volatile week, punctuated by sharp swings for the major averages.S&P 500 futures slipped 0.8%, while Nasdaq 100 futures lost 0.9%. Futures tied to the Dow Jones Industrial Average dropped 277 points, or 0.7%.Tariff fears remain at the forefront of investors’ minds after President Donald Trump temporarily slashed his country-specific duties to a universal rate of 10%…
White House: Democrats ‘playing partisan games’ with insider trading questionsTraders work on the floor of the New York Stock Exchange (NYSE) at the opening bell on March 7, 2025, in New York City.Charly Triballeau | Afp | Getty ImagesThe White House accused Democratic lawmakers of “playing partisan games” by asking whether any stock market purchases in recent days were executed with advance knowledge that Trump would announce a pause in a key part of his tariff plan.Stock market indices sharply rose on Wednesday on Trump’s announcement after four straight days of declines. Trump imposed higher tariffs on Chinese imports even…
The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California. Justin Sullivan | Getty ImagesShares of Danish shipping giant Maersk, a bellwether for global trade, posted substantial gains on Thursday morning, rallying after U.S. President Donald Trump’s 90-day pause on higher tariffs for some countries.Trump’s temporary reprieve from duties does not apply to China, however. The U.S. president on Wednesday ramped up levies on goods from China to 125%, citing a “lack of respect” shortly after Beijing responded with retaliatory measures.Shares of Maersk were up 6% at around 10:45 a.m. London time,…
