Commerce Secretary Howard Lutnick said Wednesday that U.S. tariff levels on Chinese imports will not change from their current levels, even as a trade deal between Washington and Beijing has yet to be finalized. Asked on CNBC’s “Money Movers” if the current U.S. tariffs on China are not going to change again, Lutnick replied, “You … Read more
Cargo shipping containers are loaded with cranes on container ships at the Burchardkai container terminal at the harbour of Hamburg, northern Germany, on June 3, 2025. Fabian Bimmer | Afp | Getty Images The World Bank sharply cut its global economic growth projections Tuesday, citing disruption from trade uncertainty in particular. It now expects the … Read more
A Swedish national flag hanging from a shop in Gamla Stan in Stockholm, Sweden, on Thursday, Aug. 18, 2022. Bloomberg | Bloomberg | Getty Images Sweden’s economy and households are feeling the heat from U.S. trade tariffs, the Scandinavian country’s finance minister told CNBC — before the full force of the levies has even come … Read more
BENTONVILLE, ARK. — As tariffs drive prices higher, Walmart unveiled its latest efforts to woo new and younger shoppers — including a fresh advertising campaign, a clothing brand designed for tweens and drone deliveries in more cities. The moves, which the retail giant’s leaders announced this week, illustrate how the discounter sees opportunities to grow … Read more