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This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. During my monthly Costco shopping trip, I kept track of where every item I purchased was from. Most produce was imported from Mexico and Central America, which have been…
The world’s biggest hedge fund has sounded the alarm on a seismic global shift, warning investors they’re dangerously exposed and must adapt to the new reality.Bridgewater Associates’ three co-chief investors — Bob Prince, Greg Jensen, and Karen Karniol-Tambour — issued the dramatic caution in their latest letter to clients and…
This as-told-to essay is based on a conversation with Bayard Winthrop, founder and CEO of California-based apparel-maker American Giant. The interview has been edited for length and clarity.I’ve had a career of running small consumer product manufacturing businesses.Early on, I had really taken the Chicago School libertarian economic thinking to…
China imposed 84% tariffs on US imports and Europe made its first move on Wednesday as the global trade war escalated.The moves follow President Donald Trump’s sweeping tariffs against trade partners, including imposing cumulative 104% charges on Chinese goods.Beijing retaliated after the US tariffs took effect on Wednesday. Its charges…
The tariff mayhem is throwing Amazon into uncertain territory.Forecasting, for example, has become nearly impossible for some teams. One of Amazon’s largest supply chain units recently warned about the challenges of making its second-quarter projections due to tariffs, according to an internal email obtained by Business Insider.The “volatility and uncertainty”…
Fresh Chinese tariffs on Canadian agricultural and food products open new front in brewing trade war
China announced on Saturday that it will impose additional tariffs on Canada from March 20.The tariffs will hit Canadian agricultural and food products, China’s Ministry of Finance said.Beijing cited “discriminatory” Canadian levies on Chinese EVs as part of the reason behind the decision.China has announced that it will impose retaliatory…