Tariffs and Tariff Updates Dominate Business News Roundup
President Donald Trump's tariffs on imports of foreign goods are already in effect and more are likely to be imposed, forcing businesses to raise prices. The European Union is also facing tariffs, which will have a significant impact on global trade and consumer prices. Walmart and other retailers are learning from Amazon's playbook by launching their own marketplaces.
- As the world grapples with increasing trade tensions, it remains to be seen how effectively governments can regulate corporate response to protect consumers and workers.
- Will a global shift towards protectionism lead to a resurgence in domestic manufacturing, or will companies find alternative ways to adapt to changing trade policies?