EC slams US 'reciprocal tariffs' plan and says the trading bloc will retaliate
The European Commission (EC) has branded the latest US “reciprocal tariffs” as “a step in ...
GXO: WORST PERFORMER WMT: NEW STUNNING RECORD KNIN: BOUNCING OFF MAERSK: STILL BEARISHKNX: YIELD BOOSTWTC: TURKISH CARGO WINGXO: HAMMEREDWMT: DEFENSIVEAAPL: AI DRIVEGXO: PRESSURE BUILDSAAPL: SUPPLY CHAIN FOCUSMAERSK: PE PORT PURCHASEDHL: GREEN PHARMA FLIGHTS
GXO: WORST PERFORMER WMT: NEW STUNNING RECORD KNIN: BOUNCING OFF MAERSK: STILL BEARISHKNX: YIELD BOOSTWTC: TURKISH CARGO WINGXO: HAMMEREDWMT: DEFENSIVEAAPL: AI DRIVEGXO: PRESSURE BUILDSAAPL: SUPPLY CHAIN FOCUSMAERSK: PE PORT PURCHASEDHL: GREEN PHARMA FLIGHTS
While President Trump’s argument for raising tariffs on Chinese imports is predicated on protecting American jobs, this in-depth report on The Verge shows how it could have a devastating effect on the thousands of tech start-ups that rely on many of the tariff-listed components. “Often borne out of crowdfunding campaigns, these companies have typically played American demand against Chinese manufacturing know-how, focusing on emerging products like smartwatches, VR controllers and the Internet of Things. The incoming tariffs make that approach both riskier and less profitable, potentially requiring an entire industry to rethink where it makes its goods.”
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