When President Trump launch his trade wars last year he got relatively little pushback from the private sector, even as companies buckled under the weight of his tariffs. But a few smaller businesses did fight back and helped take Trump's tariffs down. One was a small Chicago-based toy company called Learning Resources.Its CEO and owner, Rick Waldenberg, was one of the first business leaders to take Trump to court over his tariffs last April. And Waldenberg's gambit has paid off. The Supreme Court ruled in ...

President Trump’s tariffs have redirected the firehose of cheap Chinese exports to Europe https://t.co/XewLhDyOIb ...

Economic Resilience - Bank of Japan indicates the economy withstood President Trump's tariffs [1]

Economic Impact of Tariffs - The textile industry in Lutu faces challenges with workers earning as little as $1,800 per year [1] - The Prime Minister of Lutu declared a 2-year state of disaster for the country's economy after tariffs were imposed [2] - Initial tariffs were set at 50%, among the highest globally, later revised to 15% [2] - Potential shutdown of factories could result in 30,000 to 40,000 job losses [3] Trade Negotiations - Lutu is negotiating with the US government for a further tariff reduction, potentially to 10% or zero [3]

Lobbying Spending - Tariffs and companies seeking relief have triggered a lobbying boom, exceeding $900 million in the first half of the year [1] Beneficiaries - A small number of lobbying firms with strong connections to the Trump administration are the primary beneficiaries [1]

Group 1 - The government shutdown has commenced, impacting various sectors and potentially leading to economic uncertainty [1] - Pfizer's recent drug pricing deal may set a precedent for the pharmaceutical industry, influencing future pricing strategies and negotiations [1] - There are ongoing risks associated with Trump's tariffs, which could affect trade dynamics and cost structures for companies across multiple industries [1]

Industry Sentiment - The Christmas decoration industry is generally happy, but currently facing an "unhappy time" [1] Trade & Tariffs - Trump's tariffs are adding unexpected costs to the Christmas decoration industry [1]

Supply Chain Disruption - Tariffs, initially at 145%, disrupted the Halloween item supply chain from China [1] - Shortages are expected by mid-September due to reliance on existing US inventory [2] - Some products were not imported due to exponentially high costs [2] Cost Impact - A 30% tariff is imposed, reducing funds available for importing more products [3] - Storage fees are incurred daily, increasing warehousing costs [3] - Price increases may make products too expensive to sell [3] Business Operations - Growth has been significantly hindered by tariffs [4] - Potential scrapping of products due to high costs [4] Consumer Behavior - Consumers are expected to visit stores despite the tariffs [4] - Anticipation of reduced purchase volume due to higher prices [4]

Trade Policy - Dozens more countries are now affected by Trump's tariffs [1]

Financial Performance - Ford's profit is projected to decrease by as much as 36% this year [1] Trade & Tariffs Impact - Trump's tariffs are expected to reduce Ford's earnings by approximately $2 billion [1] - The $2 billion impact from tariffs is more than the automaker previously anticipated [1]