Honda's downgrade to its full-year profit outlook underscores the immediate pressure from U.S. tariffs and global chip shortages - but the deeper, longer-term challenge lies in intensifying competitio... ...

Core Insights - Consumer spending rebounded in October after a decline in September, indicating a strong start for the retail sector in Q4 [2][6] - The retail monitor, based on credit card spending data, showed a 0.6% increase in retail sales excluding auto and gas, compared to a 0.7% decline in September [2][3] - Year-over-year growth rates for core retail sales decreased slightly, with a drop from 5.4% to 5% [3] Sector Performance - Most retail sectors experienced growth, with digital products leading at a 2% increase, followed by clothing and accessories at 1.4% [4] - Restaurants, beverages, and health and personal care sectors also performed well, while building and garden supplies saw a decline of 0.8% [5] Economic Context - Consumer spending remains robust, supported by wage growth exceeding inflation, low unemployment rates, and positive wealth effects from strong stock market performance [6] - Despite mixed economic data, October's performance is seen as a positive indicator for the upcoming holiday season, although historical correlations between October gains and holiday sales are weak [6] Challenges Ahead - Key concerns for the retail sector include the impact of goods inflation, tariffs, and early signs of a cooling job market on holiday shopping [7] - The ongoing government shutdown has affected the release of critical economic data, creating uncertainty about the accuracy and timeliness of upcoming reports [9][10]

Tariffs are reshaping the global packaging industry under President Donald Trump’s second term, with a universal 10% import duty now in force alongside higher steel and aluminium tariffs. These measures, coupled with foreign retaliation, are raising packaging costs, complicating material sourcing and fuelling supply chain uncertainty for cans, foils, cartons and plastics. Analysts estimate the 2025 tariff wave is weighing on US growth and trade, with knock-on effects for packaging demand worldwide. Tari ...

American farmers have long struggled with high costs and low prices for their crops. But this year, there is even greater uncertainty in the fields. China stopped buying all US soybeans in May. Retaliation for President Trump's tariffs. Many American farmers were left without their largest export market. President Trump and China's President Xiinping came to a temporary truce. But farmers told us that whatever happens next with tariffs, the problems on their farms continue to run deep. We went to rural Tenn ...

Trump suggests $2,000 payouts to Americans as he defends tariffs https://t.co/l6i3ChOUvW ...

The streets are the darker side of capitalism. When I realize tariffs are just somebody paying draft to hustle in America, I say, "Oh, I got it." When it comes to just the stock market in general, I have to put it in terms and references that I can really relate to. So, in the streets, if I want to hustle in somebody else's neighborhood, it's one of two things that has to happen.either that person gives me a blessing to sell there and then I can sell there freely or I have to pay what's called draft. Draft ...

If Trump really gives $2,000 to citizens from the tariffs, history will probably look at the April 2025 fear mongering as one of the dumbest mainstream consensus takes in our lifetime.Eventually everyone will realize what I have said since day one....not only will the tariffs work, but they won't be inflationary either.Just a matter of time until the critics admit it. ...

Does the administration have a contingency plan in place. >> There are various, as you know, there's there's 232, there's 122, there's 301, there's a variety of different sections. The Treasury Secretary yesterday mentioned he didn't want to go into the details, but he is well aware and very well prepared in the unlikely event that the case was not to go the way we wanted that these tariffs would be put in through other avenues so as to accomplish the administration's goal, which has been incredibly uh popu ...

JUST IN: 🇺🇸 President Trump says businesses are pouring into the US."ONLY BECAUSE OF TARIFFS." ...

President Marcos set guidelines on planned changes in tariffs for rice to the Philippines, the world’s top importer, starting in 2026. Import duties will be lifted by five percentage points for every 5% drop in world prices, or vice versa https://t.co/jP191kopKz ...