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The Latest Breaking News on Amazon CEO says the $2 trillion retailer is ‘pretty maniacally focused’ on keeping prices down amid tariff pressure

Amazon CEO says the $2 trillion retailer is ‘pretty maniacally focused’ on keeping prices down amid tariff pressure

Andy Jassy told analysts during an earnings call “there’s maybe never a more important time in recent memory” to maintain prices.

Fortune

Apple Expects $900 Mn Tariff Hit As Shifts US IPhone Supply To India

Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and was disrupting its supply chain.

International Business Times

GM warns that Trump’s tariffs will cost the car manufacturer an extra $5 billion in 2025

The U.S. car manufacturing giant has cut profit forecasts for 2025 by 20 percent

The Independent UK

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Apple addresses tariff woes and AI problems as it reports strong results

Results topped expectations – but the company is facing a number of problems in the months to come

The Independent UK

GM’s $5B tariff gut punch shows how painful it will be for U.S. automakers to adapt to Trump’s vision

GM executives described various "levers" the carmarker can pull to offset some of the sting of the tariffs, and said the company should benefit from adjustments to the auto tariffs that Trump announced this week.

Fortune

Apple quarterly earnings beat Wall Street expectations amid Trump trade policy chaos

Trump said consumer electronics will be exempted from his soaring tariffs on China, though it is unclear for how long

The Guardian - US

Dr. Doom Economist Says U.S. Primed for ‘Exceptional Growth’ Despite Tariffs, Predicts GDP ‘Growth at 4% By 2030 Regardless’

In an uncharacteristic fashion, Dr. Doom analyst Nouriel Roubini is predicting strong U.S. growth despite tariff concerns.

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White House Accuses Amazon of 'Hostile and Political Action' Over Rumored Tariff Disclaimer

There's nothing "hostile and political" about informing the public of the negative consequences of poor economic policy.

Reason

Tariff turmoil prompts cloudy forecasts from General Motors, Harley-Davidson for the year ahead

Uncertainty continues to hang over the latest round of financial results and forecasts for companies both big and small as they try to navigate a global trade system severely shaken by a stark shift in U.S. policy

The Independent UK

GM Cuts 2025 Outlook, Projects Up To $5 Bn Hit From Tariffs

General Motors pledged Thursday to take additional steps to boost its US supply chain after projecting a $4-5 billion hit to the US auto giant's 2025 earnings from President Donald Trump's tariffs.

International Business Times

Costco is for tariff preppers now

Shopping in bulk, if you can afford it and have space for the extra produce, will save money in the long run

Salon

Companies are rushing to ship goods into the US ahead of tariffs. It’s masking the economic cliff

The U.S. GDP shrank in the first quarter, reflecting the import surge

The Independent UK

GM Expects to Lose '$4 to 5 Billion' Over Tariffs

General Motors held its first-quarter 2025 financial call today. The event, delayed from April 30 to allow the Trump administration to announce more tariff changes, revealed GM will be out billions of dollars unless something changes.

Motor1

Surviving tariffs: 5 steps small businesses should take now

Experts say small companies should connect with their suppliers and customers, front-load on essentials, cut costs, and join forces with other organizations.

Fortune

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Fortune

Flexport Ryan Petersen CEO on Trump’s tariffs and the uncertain future of global trade

Ryan Petersen, CEO and founder of Flexport, speaks to Fortune about the pressures tariffs place on American businesses.

International Business Times UK

Tariffs Gut US Toy Shelves: Trump Blames 'Trillion-Dollar China Rip-Off'

Trump's 145% China tariffs are gutting U.S. toy stores, with prices soaring and shortages looming. Can families save Christmas?

People

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