Importers of the prized leaves have watched costs climb, orders stall and margins shrink under the weight of President Donald Trump's tariffs. Now, even after Trump has given them a reprieve, tea traders say it won't immediately undo the damage. "It took a while to work its way through the system, these tariffs, and it will take a while for it to work its way out of the system."
The Dutch manufacturer is facing a crisis following government measures and Chinese export restrictions. The Dutch chip company Nexperia finds itself in a complex situation. On September 30, the Dutch government intervened by taking control of the company. Shortly thereafter, Beijing imposed export restrictions. This disruption is severely affecting the production chain, because although 70 percent of Nexperia's chips are made in Europe, they are packaged and distributed in China.
Baker & Taylor, one of the nation's largest and longest-serving book and media wholesalers for libraries, recently announced the unexpected closure of its business. B&T has served the nation's library community for nearly 200 years, and the Contra Costa County Library system is just one of many nationwide that have relied on them for decades. The abruptness of this closure presents a significant challenge across the industry.
The US government is reportedly considering new export controls that could block a wide range of products made with US software from being shipped to China, in what could become one of Washington's most sweeping trade measures to date. If implemented, the move could disrupt global technology supply chains and heighten uncertainty for multinational manufacturers that rely on US-developed software across their operations.
On Sept. 2, the Republic National Distributing Co. (RNDC) will complete its departure from the largest liquor market in the United States: California. The withdrawal of one of California's largest alcohol distributors is bound to affect consumers negatively. The initial impact is already being felt by liquor retailers, liquor producers, bars and restaurants. At least half of our book came from RNDC, said Alex Tarantino, the general manager and liquor buyer for the Buckeye Roadhouse in Mill Valley.
The US president has threatened to impose a tariff of up to 300 percent on imports of semiconductors. United States President Donald Trump has threatened to impose tariffs of up to 300 percent on semiconductor imports, with exemptions for foreign companies that commit to manufacturing in the US. Trump has cast the proposed tariff as a way to drive investment to the US, but experts say it could also disrupt global supply chains and even penalise companies already making chips in the US.