Friday, May 9, 2025

Tag: consumer

Businesses Race to Import Ahead of Trump’s Tariffs, Breaking Trade Records

U.S. trade deficit hits a record high in March as imports surge before tariffs; growth expected to decline amid trade tensions.

That $12 Swimsuit? It’s $31 Now—Thanks, Tariffs

Chinese retailers Temu and Shein raise prices significantly due to new U.S. tariffs, impacting various product categories dramatically.

U.S. Existing Home Sales Hit 16-Year Low as March Transactions Plunge 5.9%

U.S. home sales hit a 16-year low amid economic concerns, with potential declines in housing prices affecting consumer spending.

‘Buy British’ Is Trending Again—Here’s What’s Driving It

A survey shows 71% of Britons support buying local products amid concerns over U.S. tariffs and rising living costs.

Half of France Skips Shampoo and Toothpaste——Here’s Why They’re Giving Up

A study reveals half of French citizens are cutting back on hygiene products due to financial strain, raising concerns about poverty.

Trump’s Tariffs Could Wreck the Economy—Here’s Why Larry Fink Thinks So

Trump's tariff policies may push the U.S. economy into recession, warns BlackRock's CEO Larry Fink, citing ongoing market uncertainty.

Amazon Warns: Tariff Burden Could Shift to Consumers

Amazon CEO Andy Jassy discussed tariff impacts, noting stable consumer behavior and proactive inventory management amid potential price hikes.

Tesla’s 13% Sales Drop: A ‘Fork in the Road’ Moment After Shipment Slump

Tesla's Q1 shipments fell 13%, missing lowered expectations, amid backlash against Musk's political actions and struggles in key markets.

Beyond Smartphones: Inside Xiaomi’s Offline Store and Its Vision for Expansion

Xiaomi plans to open its first store in South Korea, offering a wide range of products and improved after-sales service.

Tariff Rush: U.S. Auto Sales Surge as Buyers Race to Beat Price Hikes

U.S. auto sales surged in March as consumers rushed to buy cars before a 25% tariff took effect, leading to price concerns.

Wall Street Slammed by Stagflation Fears—Nasdaq Tanks 2.7%

US stocks plummeted amid stagflation fears, with consumer confidence hitting a three-year low and tech shares suffering significant losses.

Apple Accused of Misleading AI Ads — FTC Investigation Underway

A South Korean civic group has reported Apple for false advertising regarding AI features, prompting an FTC investigation and a U.S. lawsuit.