More from US tariffs: how Trump’s tax is hitting Big Tech and beyond
After his DC police press conference, an unnamed White House official told CNBC that a new executive order has delayed a 145 percent tariff on Chinese goods for another 90 days. That mirrors the delay put in place on May 12th, and now pushes the deadline into mid-November.
Hope you weren’t banking on a particular price for your next camera, because Trump’s new-and-improved tariffs have other plans. My former colleague Chris Welch reports the majority of Fujifilm cameras now cost more, and Canon has signaled higher prices too; Sigma has agreed to absorb the extra 5 percent tariffs that Trump just added to Japan.
Fuji prices could go higher still: PetaPixel says they’re based on 10 percent Japan tariffs, not the new 15 percent. Moment has an updated Fujifilm price list.
The Trump administration has revealed updated tariff rates on exports from dozens of countries due to take effect on August 7th, and an EO targeting alleged “inaction and retaliation” from Canada that will raise its rate on certain items from 25 to 35 percent starting August 1st.
CNN has a simple breakdown here of what this means so far. According to the WSJ, “the result will be significantly higher tariffs on virtually every US trading partner,” ranging from 10 to 41 percent, and a 40 percent penalty rate for goods “transshipped” to avoid tariffs.
Reuters tracked a sampling of Shein prices from April to July and — surprise! — items are now more expensive. Prices spiked in April following Shein’s pre-announced price increase and then dipped slightly, Reuters found. Now they’re creeping back up: a $31 order in April would have cost $69 last week.
[reuters.com]
This CNBC article describes some of the workarounds you might see with companies navigating higher taxes on imports, as the difference between a raincoat and a windbreaker, for example, can add up.
However, it quotes supply chain strategist Andrew Wilson saying that “consumer good and garments, apparel and footwear sectors” are easier targets for these changes than cars and electronics, because “even minor changes may require extensive validation and approval” that add months of waiting to get certified.
For the past few years, Spirit Halloween has held a grand opening celebration in the summer at its flagship store in Egg Harbor Township, New Jersey, where it showcases its latest costumes and props. But the event has been canceled this year, the retailer recently announced on Instagram, blaming “international disruptions and supply chain challenges.”
Tariffs may have ruined the party, but Spirit Halloween still plans to open over 1,500 stores this year, starting in mid-August.
A federal appeals court has temporarily paused the Court of International Trade’s ruling yesterday that blocked the tariffs, CNBC reports.
The Court of International Trade ruled that President Trump can’t set impose his tariffs using the International Emergency Economic Powers Act, but the Trump administration will likely appeal, the Associated Press reports.
Shipments dropped 76 percent in April 2025 compared to the year before, as those from India grew by the same percentage, according to new figures from Omdia. April’s figures are low overall, but skewed by March’s efforts to rush 600 tons of product into the US before tariffs hit.
The big question is if Apple will keep prioritizing Indian-made iPhones now that Trump has threatened fresh tariffs on all phones that aren’t made in the USA.
So says supply chain expert Ming-Chi Kuo. Back in April, I also spoke to several other supply chain experts who said the exact same thing. Here’s the gist: The U.S. simply does not have the manufacturing capability or a skilled workforce to do this and rebuilding it will take significant funds and time. Paying the tariff is simply cheaper (for the company), faster, and more profitable.