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The de minimis exemption—a tariff loophole that for years made millions of direct-to-consumer imports duty free—is gone, and its end marks a structural shift for American shoppers and logistics providers. Up until Friday, U.S. consumers could order up to $800 in goods per package from overseas without paying any tariffs or taxes. Now, this landscape … Read more
The Swiss government is telling its domestic companies that they have not, in fact, found a clever way to skirt President Donald Trump’s tariffs by routing goods through the tiny neighborhood country of Liechtenstein. Switzerland and Liechtenstein share a 102-year-old customs treaty allowing the 25km-long principality to share the Swiss economic area. But that agreement, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese businesses are sending increasing volumes of goods to the US via south-east Asia in a bid to evade the tariff wall erected by Donald Trump as part of his trade war, data suggests. The … Read more
China Shipping containers are seen at the port of Oakland, as trade tensions continued over U.S. tariffs with China, in Oakland, California, U.S., May 12, 2025. Carlos Barria | Reuters Chinese exporters are offering lucrative deals to U.S. customers with promises of bearing the full burden of tariffs. Look beneath and there’s a web of … Read more
Hyundai celebrated the opening of its new $7.6 billion electric vehicle factory in Georgia on Wednesday by announcing plans to expand its production capacity by two-thirds to a total of 500,000 vehicles per year. The news came as President Donald Trump announced 25% tariffs on auto imports at the White House. Hyundai will be spared from those … Read more
As Western sanctions tighten, Russia and Iran are finding creative ways to keep their oil-driven economies afloat using crypto. Russia, with its $192 billion annual oil trade, and Iran, once a major oil exporter, are leveraging digital currencies like Bitcoin to bypass financial restrictions, reshaping global trade under pressure. Russia is increasingly tapping crypto like … Read more
Stellantis worker at work inside of the new Hybrid and PHEV Vehicles Stellantis Group eDCT Assembly Plant on April 10, 2024 in Turin, Italy. Stefano Guidi | Getty Images News | Getty Images Auto giant Stellantis on Wednesday reported a sharp drop in full-year earnings as the company scrambles to take measures to improve its … Read more
“We don’t believe the U.S. right now is a viable supply location,” Mark Barrocas said. Read More
A neuropsychologist who examined Jeffries in October concluded he likely has dementia with behavioral disturbance, Alzheimer’s disease and Lewy body dementia. Read More
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