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An Illinois-based Costco shopper is suing the big-box retailer for tariff refunds in a possible class-action case after President Trump’s core import taxes were overruled last month. Matthew Stockov, a Costco member, bought food, electronics, household items, small appliances and hygiene products from Costco that were imported from other countries and sold at “inflated” prices […]
American flags flutter outside a Hyundai automobile dealership in Irvine, California, U.S., March 27, 2025. Mike Blake | Reuters DETROIT — Hyundai Motor and General Motors are set to be two of the greatest beneficiaries of lower U.S. tariffs on imports, including vehicles, from South Korea. The South Korean-based automaker is the largest U.S. importer […]
President Trump has vowed to send $2,000 tariff “dividend” checks to most Americans by the 2026 midterms – but some Republicans are questioning how the president will get the funds for the payouts. Trump has promised to send the so-called “dividend” checks to low- and middle-income Americans using revenue from his sweeping expanse of tariffs. […]
Last week, some of the nation’s top CEOs talked and laughed with President Trump while enjoying dinner at the White House, chewing over a US economy that the president claims is headed for growth not seen since the days of the Gipper back in the 1980s. But privately, many left that night wondering if the president really […]
Ford shares soared 12% Friday after the automaker reported strong earnings – with President Trump quick to boast that his latest tariff tweaks boosted the results. After selling more pickups and SUVs than expected in the third quarter, Ford’s automotive revenue hit $47.19 billion, beating estimates of $43.08 billion. Trump took to social media to […]
GM Hummer EV production in Detroit. Photo by Jeffrey Sauger for General Motors DETROIT — Shares of the Detroit automakers closed higher Friday following an afternoon report that President Donald Trump is considering “significant tariff relief” for the production of vehicles in the U.S. Stocks for General Motors, Ford Motor and Chrysler parent Stellantis shifted […]
Best Buy (BBY.N), stuck to its annual sales and profit forecasts on Thursday despite posting quarterly results that topped estimates, as it expects tariff-induced uncertainty in the second half of the year. Shares of the top U.S. electronics retailer fell 5.7% in morning trading, as investors focused on a likely hit to the company’s margins due to […]
The Texas Instruments headquarters in Dallas, Texas, on Jan. 21, 2024. N. Johnson | Bloomberg | Getty Images Texas Instruments shares plunged 13% after the automotive and industrial semiconductor supplier warned of ongoing tariff aftershocks. The company said it expects third-quarter earnings between $1.36 and $1.60 per share, a midpoint of $1.48 per share. That […]
China’s exports regained momentum in June as firms rushed to place orders to capitalize on a fragile tariff truce between Beijing and Washington ahead of a looming deadline next month, with shipments to Southeast Asian transit hubs particularly strong. Businesses on both sides of the Pacific are waiting to see whether the world’s two largest […]
Pakistani officials will be visiting the U.S. next week in an effort to reach a deal to lower tariffs imposed against the Asian country, President Donald Trump said on Friday. Pakistan faces a potential 29% tariff on its exports to America because of a $3 billion trade surplus with the U.S., following the tariffs Trump announced last month against […]
