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When Anthony Sardain began developing Cavela in 2023, an AI startup that helps brands automate supplier sourcing, he did not foresee that new tariffs would drive customers to become increasingly wary of manufacturing products in China. “You don’t just walk into Vietnam and build up a supply chain,” Sardain told TechCrunch. “A lot of brands…
Small businesses could be crushed under President Trump’s increased tariffs, according to an open letter by 38 female consumer product founders. While Trump paused his tariff increases for 90 days for various countries — setting the rate at 10% for now — China’s was raised to 145%, which includes the previous 20% levy. In the letter,…
Apple lost more than $250 billion in market value Thursday, with shares down as much as 8.5% as a result of President Donald Trump’s tariff spree. The iPhone maker took one of the biggest hits on Wall Street, where tech stocks dropped as investors shifted money away from volatile assets. Tesla, Nvidia, and Meta were…