The low-cost shipments were previously excluded from tariffs; President Trump said the loophole has allowed countries to avoid taxes and smuggle drugs into the U.S.

President Donald Trump signed an executive order Wednesday to impose his threatened 50% tariffs on Brazil, setting a legal rationale that Brazil’s policies and criminal prosecution of former President Jair Bolsonaro constitute an economic emergency under a 1977 law.

Price hikes are in the mid-single digits across categories, a spokesperson for the company said. Consumer goods, food and drink companies have struggled with lackluster sales since the pandemic, as shoppers have balked at increasingly expensive name-brand packaged food.

For the first time India has overtaken China as the No. 1 exporter of smartphones to the United States, following Apple’s tariff-driven manufacturing pivot to New Delhi.

India has overtaken China as the leading manufacturer of smartphones shipped to the United States, a change largely driven by Apple, according

India has overtaken China as the leading exporter of smartphones to the U.S., as Apple continues to shift production in the face of the Trump administration’s tariffs, according to new research released Monday.