Connect with us

CBS News

Fears grow of wider war in Middle East

Avatar

Published

on


Fears grow of wider war in Middle East – CBS News


Watch CBS News



The fallout from the assassination of Hamas leader Ismail Haniyeh in Tehran has left the Middle East on edge, with fears that Israel’s long-running hostilities with Iran and its proxies could intensify into a wider war. Debora Patta reports from Jerusalem.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Read the original article

Leave your vote

CBS News

What to know about Project 2025 before Trump begins second White House term

Avatar

Published

on


What to know about Project 2025 before Trump begins second White House term – CBS News


Watch CBS News



Questions are emerging about the proposed changes in the Project 2025 conservative agenda after former President Donald Trump beat Vice President Kamala Harris in the 2024 presidential election. Philip Bump, a national columnist for The Washington Post, has more.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Read the original article

Leave your vote

Continue Reading

CBS News

Delphi murders trial jury deliberations underway

Avatar

Published

on


Delphi murders trial jury deliberations underway – CBS News


Watch CBS News



The jury has received the case in the murder trial against Richard Allen, the man accused of killing Abby Williams and Libby German in 2017. CBS News’ Ian Lee reports.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Read the original article

Leave your vote

Continue Reading

CBS News

Steve Madden says it will cut production in China to avoid Trump tariffs

Avatar

Published

on


Trump promises tariffs for economic plan


Trump promises tariffs to help pay for economic plans

08:18

One company is already responding to President-elect Trump’s proposed tariffs, which if imposed could result in higher prices for American consumers as retailers pass along added costs on imports to shoppers. 

Shoemaker Steve Madden says it plans to import fewer goods made in China to the U.S., and replace them with items made in other countries. 

The company said on an earnings call with analysts Thursday that the plan to reduce its reliance on China and diversify its imports has been in the works for some time. 

“We have been planning for a potential scenario in which we would have to move goods out of China more quickly,” CEO Edward Rosenfeld said during the Thursday call. “We’ve worked hard over a multiyear period to develop our factory base and our sourcing capability in alternative countries, like Cambodia, Vietnam, Mexico, Brazil, etc.”

The company started implementing the plan Wednesday, Rosenfeld said. Currently, more than 70% of Steve Madden U.S.’s imports are from China. Rosenfeld aims to cut that figure by 40%-45%, up from a target of 10%.

Trump has proposed a 60% tax on imports from China, plus a universal tariff of 10%-20% on imports from all foreign countries. 

If imposed, the proposed tariffs on imports could lead to consumers paying $6.4 billion to $10.7 billion more for footwear, according to a new analysis from the National Retail Federation. Americans could also lose between $46 billion to $78 billion in spending power each year the tariffs are in place, the organization estimates. 



Read the original article

Leave your vote

Continue Reading

Copyright © 2024 Breaking MN

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.