Companies Are Already Exiting China to Avoid Trump Tariffs

Shoppers will pay: “Significant tariffs on China [would] have all sorts of wide-ranging implications—not only in the supply chain, but [in] the overall economy,”

By Jeannette Neumann & By Leslie Patton | November 14, 2024 at 01:45 PM

Steven Madden Ltd. is accelerating plans to shift production out of China after Donald Trump’s victory in the U.S. presidential election raised the odds of increased tariffs on imported goods. The shoe retailer now aims to reduce goods manufactured in China by 40 percent within the next year, up from its prior target of a 10 percent reduction. “As of yesterday morning, we are putting that plan into motion,” CEO Edward Rosenfeld told analysts on an earnings call last Thursday.

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Federal Court Shuts down Expanded Overtime Pay Rule

By Michael Popke | November 21, 2024

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Federal Court Shuts down Expanded Overtime Pay Rule

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Treasury Department Flags Risks from New Cross-Border Payments Systems

By Christopher Anstey | November 21, 2024

Soon after BRICS leaders said they will build a cross-border payments system that bypasses Western platforms, a senior U.S. Treasury official warns that such a system would pose risks to international financial stability if it didn’t adhere to standards aimed at minimizing illicit activity.

Treasury Department Flags Risks from New Cross-Border Payments Systems

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