Trump reaches a deal with Vietnam, but some of your favorite brands still face a 20% tariff

Tech Insider : Economy, Business
Nike shoes are seen in the King of Prussia Mall, in King of Prussia, Pennsylvania
Apparel brands like Nike could soon hike prices due to a large number of suppliers in Vietnam.

Rachel Wisniewski/REUTERS

Trump didn't just cut a deal with Vietnam — he was targeting China, too

Tech Insider : Economy, Politics, Economy
Trump wearing red cap speaks to press in front of lawn
 

ZUMA Press Wire via Reuters Connect

Tesla competitor BYD axes Mexico factory plans

Tech Insider : Economy, Business, Style
A BYD car on display at the Nanjing auto show in China this month.
BYD still plans to expand into the Americas but has no timeline.

CFOTO/Future Publishing/Getty Images

It's not just Tesla — Rivian's deliveries were down last quarter, too

Tech Insider : Business
Rivian electric truck in California in 2023.
Rivian shared its second-quarter financial results on Wednesday.

Justin Sullivan/Getty Images

JPMorgan Chase CEO Jamie Dimon says he wouldn't count on China folding under Trump's tariffs: 'They're not scared, folks.'

Tech Insider : Politics, Economy, Business
Jamie Dimon in April 2025
JPMorgan Chase CEO Jamie Dimon spoke at the 2025 Reagan National Economic Forum on Friday.

Noam Galai/Getty Images

Companies are struggling to fill manufacturing positions, let alone plan for what Trump's administration has in mind

Tech Insider : Economy, Business, Technology
Donald Trump tours a Carrier factory with Greg Hayes, CEO of United Technologies (L) in Indianapolis
Reshoring manufacturing is a cornerstone of Trump's policy.

REUTERS/Mike Segar

Walmart workers are sharing photos of price hikes of 38% or more — and some prices are up at Target too

Tech Insider : Business
Walmart shoppers visit a store in Wisconsin.
Walmart CFO John David Rainey recently said that tariff rates remain "too high" and warned that prices will go up.

Dominick Reuter/Business Insider

Trump announces plans to increase tariffs on steel imports from 25% to 50%

Tech Insider : Economy, Politics, Business
Donald Trump
President Donald Trump announced that Chinese goods would now be subject to a 125% tariff, a further escalation in his trade war with China.

Anna Moneymaker/Getty Images

Costco CEO explains how the chain kept prices low as tariffs and egg costs hit retailers hard

Tech Insider : Business, Economy
Customers exit a Costco Warehouse in Pennsylvania.
Customers exit a Costco Warehouse in Pennsylvania.

Gene Puskar/AP

Ulta says consumers are looking to beauty products for 'a comfort and escape' from the world's stress

Tech Insider : Business, Economy
Ulta Beauty Storr
Ulta's CEO said customers are willing to give up spending on other products to continue buying makeup.

Jeff Greenberg/Getty Images

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