An unusual boost is showing up in some corporate earnings this summer: tariff refunds. Nintendo became the latest beneficiary of the boost on Thursday, reporting net profit of 147.4 billion Japanese yen, or $931 million, for the quarter ending June, up 54% from a year earlier and handily beating analyst expectations of 77.8 billion yen.
Trade tensions are rising once again between the Trump administration and Canada. On Monday, Donald Trump announced a new 50% tariff on some Canadian goods under Section 338 of the Tariff Act of 1930, which empowers the US president to impose additional tariffs of up to 50% on imports from any foreign country that discriminates
President Donald Trump is using smoke from Canada’s wildfires to threaten tariffs. Trump lashed out at Canada in a post on Truth Social on Friday, accusing the United States’ northern neighbor of mismanaging its forests and causing the current outbreak of wildfires that are sending waves of smoke into the United States. “America is being
President Donald Trump said Monday that Walmart agreed to reduce prices on a variety of products following a request from his administration tied to the nation’s 250th anniversary celebrations. In a post on Truth Social, Trump said Walmart would reduce the price of a pound of ground beef by “almost” 15%. It did not provide
