We import a few raw materials for our manufactured products such as yttrium oxide, which is derived from a rare earth metal. We also import technical ceramic parts mainly produced by two exceptional suppliers from China. One immediate effect of the tariff is that we had a shipment of raw materials en route when the…
The two largest U.S. oil companies reported their lowest first-quarter profits in years on Friday as they braced for the economic fallout from President Trump’s trade war, which has weakened consumer confidence and pushed oil prices down. U.S. crude prices slipped below $60 a barrel this week, a threshold below which many companies cannot make…
Apple built its business by innovating. But lately, it’s been leaning on diplomacy. Tim Cook, Apple’s chief executive, recently scored exemptions from tariffs on exports of Chinese-made iPhones. The maneuver freed Apple to focus on business, and lately, business has been good. A new, lower-priced iPhone, which the company introduced in February, and strong sales…
From long lines to overpriced food and scarce seating, airports are rife with pitfalls. For some people, said Katy Nastro, a travel expert at Going, an app for cheap flights, “airports are like travel purgatory: You’re neither here nor there.” But technology, advance planning and a few creative strategies can help you parry airport problems….
Environmental Health Perspectives, widely considered the premier environmental health journal, has announced that it would pause acceptance of new studies for publication, as federal cuts have left its future uncertain. For more than 50 years, the journal has received funding from the National Institutes of Health to review studies on the health effects of environmental…
President Trump signed an executive order on Tuesday that will walk back some tariffs for carmakers, administration officials said, removing some levies that Ford, General Motors and others have complained would backfire on U.S. manufacturing by raising the cost of production and squeezing their profits. The changes will modify Mr. Trump’s tariffs so that carmakers…
UPS said on Tuesday that it would cut 20,000 jobs this year as part of a long-term plan to reduce costs and bolster profit. The cuts come as President Trump’s tariffs are prompting some UPS customers to ship fewer goods. The company said “macroeconomic uncertainty” prevented it from updating its forecasts for revenue and profits…
President Trump’s 100th day in office started with what seemed to be a fresh and fast-escalating spat between the White House and Amazon. Karoline Leavitt, the White House press secretary, came out swinging in her press briefing on Tuesday morning, accusing Amazon of being “hostile and political” after a report — disputed by the company…
A loophole that has allowed American shoppers to buy lots of cheap goods from mainland China and Hong Kong without paying tariffs and filling customs forms is closing on Friday. Prices have already gone up. Orders for many imported goods from retailers like Shein and Temu could dwindle as consumers balk at the higher prices…
When Jonathan Neman was a student at Georgetown in the mid-2000s, he and some friends wanted to start a restaurant. A fast-food restaurant, but it would be healthy. And cool. The documentary “Super Size Me” had made waves, and “we were going to be rejecting the fast food of the previous generation,” Mr. Neman said….