President Joe Biden’s decision to increase tariffs on Chinese goods is poised to provide a lifeline to U.S.-based medical mask and glove manufacturers. This move comes at a critical juncture for a sector that experienced a surge in demand during the COVID-19 pandemic but has since struggled to maintain momentum. Industry insiders anticipate that Biden’s … Read more
President Joe Biden is set to unveil a series of new tariffs on Chinese electric vehicles (EVs), semiconductors, batteries, solar cells, steel, and aluminum. The tariffs on EVs are poised to surge to 100%, quadrupling the existing tariff of 25%, as disclosed by a source familiar with the impending trade measures. Combatting Unfair Practices and … Read more
Comvita, a honey company, is cautioning that the weak US and Chinese economies will have an impact on this year’s earnings and profits. Revenue for the first four months of this year, according to the company, was down roughly 10% from a year ago, and operating earnings decreased by roughly $6 million. These factors have … Read more