The EU is doubling its tariffs on steel imports to 50% and slashing quotas as it grapples with a glut of cheap imports https://t.co/QjQQyajtYW ...

Industry Issue - Global postal services express concerns regarding the US's new regime for low-value imports [1]

Trade Balance & GDP Growth - The trade deficit widened to $783 billion from $602 billion [1] - Imports increased by 59%, while exports increased by 03% [1] - Increased imports may negatively impact GDP growth outlook for the third quarter [2] - The increase in imports may be due to companies stocking up before tariffs were reimposed in August [2] - August trade numbers may differ if the import surge reverses [3] Labor Market - Jobless claims are now at 37000, slightly higher than the anticipated 23000 [1] - Continuing claims are at 194 million, down from 10000944 [1] - ADP reported only 54000 jobs created [2]

Japan will handle US demands to buy more American rice within the confines of its existing overall cap on duty-free imports and has no plans to lower its tariffs on farm products https://t.co/JjXmrZom0f ...

Policy Change Impact - The US government has suspended the duty-free *de minimis* rule, potentially increasing costs for consumers on e-commerce packages valued at $800 or less [1] - Foreign post offices are suspending e-commerce package shipments to the US due to the complexity of tariff collection [6] - US manufacturers anticipate increased demand due to a leveled playing field with foreign suppliers now facing similar import costs [8] Business Strategies & Challenges - Companies may consider housing inventory in US warehouses to avoid individual tariffs on packages [5] - Smaller businesses are expected to face greater challenges navigating the tariff changes compared to larger companies with more resources [6] - Businesses are exploring options such as paying tariffs upfront or halting shipments to the US to avoid passing costs to consumers [7] Consumer Impact - Consumers should anticipate potentially higher prices and reduced choices in the short term [8] - The exact impact on consumer costs remains uncertain, as companies may choose to absorb or share the tariff expenses [3]

Trade Policy & Geopolitics - Mexico is considering targeting imports of textiles and automobiles, with a focus on Chinese cars, which have surpassed Russia as a top destination for them [2] - The potential policy shift aims to bolster domestic production in Mexico [3] - The U S administration has been pressuring Mexico to act against cheap Chinese goods entering Mexico and potentially crossing the border into the U S [4] - The U S has employed similar tactics with other economic allies, encouraging tariffs or sanctions against China [5] Economic Impact - The move is considered politically and economically significant for Mexico [1] - The details of the policy are still being finalized [1][2] US-China Relations - The U S views this as a way to counter China's economic influence [4][5]

The Mexican government plans to increase tariffs on China as part of its 2026 budget proposal next month, protecting the nation’s businesses from cheap imports and satisfying a longstanding demand of Donald Trump https://t.co/bagZNQ6F7B ...

Trade Policy - The US has doubled tariffs on imports from India to 50% [1] - These tariffs are among the highest the US charges [1]

New tariffs on small-dollar imports have created a global shipping crisis. On today’s Big Take podcast, what the end of the de minimis loophole means for you. https://t.co/uJSzDEZZO3 ...

Speaking of which, let's get to Megan Cassella with the latest out of Washington on those tariffs. Hey, Megan. >> Hey guys, good morning.That's absolutely right. The latest industry really under fire here from this White House talking about new tariffs. All of that new talk stemming from a true social post that the president posted late on Friday in which he said he was pleased to announce that we are doing a major tariff investigation on furniture coming into the United States.He said within the next 50 da ...