Discount eTailers Temu and Shein reportedly raised prices in response to new U.S. tariffs. Temu started adding “import charges” of about 145%, while Shein raised prices without adding a separate charge, CNBC reported Monday (April 28). Both companies warned their customers earlier this month that...
Small- to medium-sized businesses (SMBs) can be squeezed from a new direction each day. Some of those squeezes are starting to hurt, particularly the U.S. tariffs on foreign trade. As tariff regimes proliferate from Washington to Brussels to Beijing, SMBs are being forced to make...
Intuit has teamed up with Google Cloud to offer an AI-powered feature that automatically extracts information from 10 different types of tax forms to populate IRS tax returns. Intuit, parent company of TurboTax, Credit Karma, QuickBooks and Mailchimp, said that it is using Google’s Gemini...
Toy and gaming company Hasbro saw a revenue increase in the first quarter, but the ever-evolving tariff situation is making growth strategizing tricky. Net revenues reached $887 million in the first quarter, a 17% increase fueled by a 46% surge by Wizards of the Coast...
April 22, 2025
Many United States businesses involved in global trade are experiencing a sea of change and a sea change. The President Donald Trump administration doubled down on tariffs with its reinstated Section 232 measures, slapping 25% duties on steel imports and eliminating country exemptions while introducing stringent “melted and poured” requirements to qualify for duty-free status. […]
April 21, 2025
Tariffs are here, inflation is sticky, and supply chains and vendor relationships are in flux. For enterprises, it’s critical to have as much certainty as possible when it comes to...
April 17, 2025
The tariffs were on, then they were paused, and at the moment, the United States trade war is focused on China. Although some business owners are girding for a recession,...
April 03, 2025
The tariffs announced by the President Donald Trump administration Wednesday (April 2) are now a reality, and a trade war is a real possibility. For middle-market firms, supply chain changes...
April 29, 2025
While retailers in the United States have kept prices low despite tariffs, they say the situation can’t last. That’s according to a report Tuesday (April 29) by The Wall Street Journal (WSJ), citing unnamed sources familiar with last week’s meeting between the CEOs of Walmart, Target and Home Depot and President Donald Trump. The executives […]
April 28, 2025
Discount eTailers Temu and Shein reportedly raised prices in response to new U.S. tariffs. Temu started adding “import charges” of about 145%, while Shein raised prices without adding a separate...
April 24, 2025
Toy and gaming company Hasbro saw a revenue increase in the first quarter, but the ever-evolving tariff situation is making growth strategizing tricky. Net revenues reached $887 million in the...
April 24, 2025
Businesses may be feeling cautious because of uncertainty around tariffs, but they are generally not laying off workers. While the number of initial claims for unemployment insurance in the United...
