CEO's 'end of days' warning as Trump’s tariff shock on China sparks panic among US importers
Sunday, 13 April 2025 () American importers are reeling from President Trump's sudden tariff hike on Chinese goods, with some fearing devastating consequences. Companies like Learning Resources and MGA Entertainment face soaring costs, potentially leading to price increases, production cuts, and even layoffs. The unpredictable tariffs threaten supply chains and could trigger inflation, impacting US economic growth and consumer sentiment.
President Donald Trump admitted delaying tariff hikes due to market panic, saying investors were getting “afraid.” Following a $1.5 trillion stock wipeout ahead of tariff hikes, Trump froze most tariffs at 10%—except for China’s, which rose to 125%. The announcement triggered a...
It’s been an eventful first 100 days for the second Trump administration, which has featured tariff turmoil, shifting foreign policy and the upheaval of prior geopolitical relationships. In this..
President Trump spoke to China's Xi about the ongoing tariff battle, claiming both nations are in an escalating tit-for-tat trade war. While China has denied formal negotiations, Trump is confident..
China is ramping up its trade war rhetoric with the U.S., urging President Trump to remove sweeping tariffs if the dispute is to be resolved. The Chinese Commerce Ministry emphasizes the need for..