import tariffs

Costco Wholesale Corp. (NASDAQ:COST) has become the subject of a proposed nationwide class-action lawsuit demanding refunds for customers who were charged higher prices before the Supreme Court nullified tariffs imposed by the Trump administration. The lawsuit was filed Tuesday in a...

Renowned hedge fund manager and founder of Hayman Capital Management, Kyle Bass expressed skepticism over former President Donald Trump‘s proposal to replace income tax with import tariffs. What Happened: On Friday, during CNBC’s “Last Call,” Bass shared that Trump’s...

Donald Trump and his team reportedly discussed a “universal baseline tariff” on all imports to the U.S. as part of a trade-focused economic plan for his presidential bid. Noted economist Paul Krugman weighed in on the development and said it was such a “bad idea.” What...

Apple Inc's (NASDAQ: AAPL) manufacturing partner Foxconn Technology Group, which assembles Apple's iPhone product in China, announced on Saturday that it has raised over $213 million for what it described as a "mega-development" in India. According to Bloomberg, the...