The April trade report showed imports of consumer goods slumped $33 billion, largely due to a sharp decline in inbound shipments of pharmaceutical preparations.

Trump blasted Walmart in May on social media after the retailer said it would raise prices of some goods in the wake of new tariffs.

The manufacturing sector has been in contraction for most of the past two years.

The FCO asserted that Amazon's pricing controls are based on "non-transparent marketplace rules," and unfairly interfere with the freedom of sellers to set prices.

Best Buy now expects to see $41.1-$41.9 billion in revenue for the 2026 fiscal year, compared to the $41.4-42.2 billion range it had previously projected.

A lot of money is riding on getting this healthy food shipper’s cold chain right. An added layer of temperature monitoring helps everyone involved keep cool.

Nike did not mention U.S President Donald Trump's tariffs policies that have upended global trade.

Apart from tariff costs, the company has faced a backlash following a decision to end diversity, equity and inclusion (DEI) targets.

It is a major setback for a business that was delivering on chief executive officer Stuart Machin’s turnaround plan.

Engineers often work to simplify products as they mature from research projects to manufacturing, removing parts deemed redundant to cut costs and weight.