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Category: Customs (Tariff)

‘How Do I Survive?’: Tariffs Threaten U.S. Market for Traditional Chinese Medicine

‘How Do I Survive?’: Tariffs Threaten U.S. Market for Traditional Chinese Medicine

At a pharmaceutical factory in Chengdu, China, an order that Thomas Leung placed from Manhattan in January is sitting on hold. The shipment includes a variety of concentrated herbal granules used in traditional Chinese medicine. There’s dang gui, also known as angelica root, which is used to treat gynecological ailments; chai hu, or bupleurum root, […]
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Toyota Says Tariffs Will Erase .3 Billion in Profits in Just 2 Months

Toyota Says Tariffs Will Erase $1.3 Billion in Profits in Just 2 Months

A year ago, the world’s biggest automaker was on a tear. American consumers were snapping up Toyota Motor’s hybrids, and a weak yen inflated the value of the company’s earnings. That May, Toyota reported the highest annual profit ever recorded by a Japanese firm. On Thursday, Toyota presented a significantly more somber outlook, projecting that […]
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Category: Customs (Tariff)

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