Trump tariffs

Nintendo reported a substantial profit surge of 53.5% to ¥147.4bn (£694m) over three months to June, greatly surpassing expert forecasts. This profitable jump was largely fueled by a long-awaited refund related to Donald Trump’s tariffs, even as the company recorded an overall sales drop.

Copper shipments into the US have surged to a 12-year high amid fears of Trump's proposed tariffs on cathode imports. Analysts caution that if Trump cancels the tariffs, as seen in past 'Taco' scenarios, copper prices may decline in the short term.

French container shipping company CMA CGM is benefiting from customers stockpiling goods to avoid potential Trump tariffs, with the company predicting sustained heightened demand.

Iran war and Trump tariffs are contributing to higher gas prices and renewed inflation risks. A Shell gas station in Palo Alto, California, is highlighted as an example of current fuel price impacts.

Stock markets closed mixed on Friday as the U.S.-Iran conflict continues to disrupt energy prices. CBS News MoneyWatch correspondent Kelly O'Grady reported on the situation.

The White House imposed new tariffs on Russia and other countries, accusing them of failing to enact or enforce bans on goods produced with forced labor.

An Australian clothing company, Nashie, received a six-figure refund with 6% interest from the US government for tariffs paid on US imports. Over US$85 billion of a total US$166 billion in refunds has been processed for businesses affected by tariffs labeled 'Liberation Day' by President Donald Trump.

Trump Tariffs impose a 50% rate on Brazilian goods effective July 2026, the highest in Latin America, while Mexico secured a 90-day delay on reciprocal levies, maintaining a 25% rate for most goods. USMCA covers 89% of Mexican exports, providing some protection.

A Taiwan-based fund achieved an 80% profit after intervening to blunt the impact of Trump's tariffs. The fund's actions were aimed at mitigating trade-related challenges posed by the tariffs.

Inflation remains high due to factors including a strong El Niño weather pattern, AI-driven chip shortages, lingering Trump tariffs, and global conflicts like the Ukraine war. The Federal Reserve faces pressure to raise interest rates, with investors expecting at least one hike by year-end. Agricultural commodities like coffee and cocoa are particularly vulnerable to price spikes from El Niño.

Freight shipping costs have surged to their highest level since the 2024 Red Sea crisis. Companies are expediting shipments to avoid anticipated new Trump tariffs.

Americans are projected to spend a record $26.3 billion during Amazon’s four-day Prime Day sale in 2026, but average order sizes have dropped by 17% compared to the previous year, indicating more buyers spending less per transaction. The decline reflects economic pressures like Trump-era tariffs, which reduced seller discounts while driving consumers to prioritize essentials like office supplies and books over discretionary items.

The US plans to impose additional tariffs on 60 countries over forced labor concerns. These tariffs could unsettle trade partners who have signed new trade deals or are in negotiations.

The US government is appealing a judge’s order requiring refunds for Trump’s global tariffs after the Supreme Court invalidated them. At stake is $166 billion in revenue, with the US Customs and Border Protection (CBP) already processing repayments, having approved $20.6 billion so far.

U.S. manufacturers experienced their fifth consecutive month of growth in May, marking the longest streak in four years. However, business leaders remain anxious due to concerns over Trump tariffs and rising inflation linked to the Iran war.

The Trump administration is launching a portal on April 20 for businesses to apply for refunds on tariffs imposed during his presidency, which were later invalidated by the Supreme Court.