Tag: Tariffs
Report: Hasbro laying off 3% of its global workforce due to...
PAWTUCKET – Hasbro Inc. is laying off 3% of its global workforce due to tariffs, multiple media outlets reported Wednesday.
The job cuts span departments...
U.S. retail sales slide after a spring spending surge to beat...
WASHINGTON (AP) – Retail sales fell sharply in May as consumers pulled back after a sharp increase in spending in March to get ahead of President...
Hiring in the U.S. slows, yet employers added a solid 139K
WASHINGTON (AP) – U.S. employers slowed hiring last month, but still added a solid 139,000 jobs amid uncertainty over President Donald Trump's trade wars.
Hiring fell...
U.S. growth likely to slow to 1.6% this year, hobbled by...
WASHINGTON (AP) – U.S. economic growth will slow to 1.6% this year from 2.8% last year as President Donald Trump's erratic trade wars disrupt global commerce,...
Tariff war not helping manufacturers
Local manufacturers were hopeful during pandemic-fueled supply chain disruptions for an eventual return of manufacturing jobs that were shifted overseas in previous decades.
But that’s...
R.I. manufacturers bracing for pain
As fluctuating tariff orders implemented by President Donald Trump’s administration continue to rattle the global economy, manufacturers in Rhode Island are bracing for higher...
Inflation cooled in April as grocery and gas prices fell, few...
WASHINGTON (AP) – Inflation cooled for the third straight month in April even after some of President Donald Trump's tariffs took effect, though economists and many...
U.S. applications for jobless benefits fall despite uncertainty over Trump tariffs
WASHINGTON (AP) – The number of Americans applying for unemployment benefits fell last week despite heightened uncertainty about how President Donald Trump's tariffs will...
Citizens Financial: Business conditions cooling in R.I.
PROVIDENCE – Business conditions in Rhode Island showed signs of cooling in the first quarter of 2025 despite a positive start to the fiscal...
A tariff strategy that revives a classic warning
Feeling tariff whiplash? You’re not alone. On April 2, President Donald Trump announced sweeping new tariffs – a 10% levy on nearly all U.S....
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