Apple Expects $900 Million Tariff Hit As It Shifts US iPhone Supply To India
Apple reported first-quarter profits on Thursday that exceeded expectations, but warned that US tariffs are costing the company and disrupt the supply chain. Apple expects its tariffs to cost $900 million this quarter, despite the impact “limited” earlier this year, CEO Tim Cook said in a revenue call. “We hope that the majority of iPhones […]
Rapid snowmelt threatens US West water supply outlook
Rapid melting in the western US has caused snowmen to disappear up to four weeks earlier in some areas. It has caused potential havoc in water supply in the area, federal meteorologists warned Thursday. These conditions have particularly impacted parts of Utah, Colorado and New Mexico, with some basins moving from above average snow packs […]
How Trump’s tariffs are snarling supply chains
Despite signs of thawing earlier this week, Washington and Beijing are trapped in tariff standoffs, and global supply chains are under pressure. The tariff disruption has occurred at multiple points in the commercial supply line from factory floors in East Asia, by US retailers warning the transport and transport industry, US ports of entry and […]
RFK Jr. plans to cut artificial dyes from US food supply
Health Secretary Robert F. Kennedy Jr. and the Trump administration are planning to order manufacturers to reduce potentially harmful artificial dyes used in hundreds of food products, federal officials said Monday. Health and Human Services and the Food and Drug Administration will announce phase-out of petroleum-based synthetic dyes on Tuesday. The agency said. The FDA […]
China’s latest export controls on rare earth elements causing chaos in car supply chain: report
China’s move to impose strict export controls on rare earth elements used in automobile manufacturing reportedly sparked fears about potential shortages in automobiles. Earlier this month, China’s Xi Jinping government enacted restrictions on the shipment of seven rare earth metals and magnets, essential to the construction of electric vehicles. This move has left many Western […]
China garment factories that supply Shein shut down amid Trump tariffs
Dozens of clothing factories in a manufacturing hub in southern China known as “Shayne Village” have been idle in recent weeks as a result of the Trump administration’s move to end the so-called “de minimis” exemption that allowed online retailers to sell cheap tax-free items to Americans. The company, home to once-lively lively workshops in […]
US vehicle supply falls as shoppers buy cars to avoid tariffs
The supply of new and used cars to meet our lot is declining as customers compete to buy cars before President Trump’s tariffs surge. By early April, the average day supply for new vehicles across the country measures the time it takes to sell, but it rapidly shrunk from 91 days in March to just […]
Rivian CEO discusses tariffs and impact on the EV maker’s supply chain
Rivian founder and CEO RJ Scaringe discusses the impact of import tariffs on the “Craman Countdown.” Rivian founder and CEO RJ Sculling discussed Trump administration tariffs and how electric vehicle (EV) makers are navigating them on Tuesday. Scaringe told host Liz Claman that consumers have “a lot of questions” about “what will happen” about the […]
New Home Sales Jump As Prices Improve and Supply Grows
Americans hoping to buy a home got some good news on Tuesday, just like the Trump administration. When President Trump took office two months ago, his administration announced it would deliver “urgent price savings” to a country that was tense at Biden's expansion. It included a promise to “reduce housing costs and expand housing supply.” […]
US coffee drinkers can expect rising prices as perfect storm of factors impact global supply chains
Americans can expect to stretch their wallets a little more than usual as the daily Jabba Cup prices can lead to price increases as many factors affecting the global supply chain. In February, Arabica's coffee prices shattered their previous record at $4.30 a pound, according to a futures contract trading in New York. Now, coffee […]