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More from US tariffs: how Trump’s tax is hitting Big Tech and beyond

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Sean Hollister
Fujifilm just hiked camera prices by hundreds of dollars and Canon may be next.

Hope you weren’t banking on a particular price for your next camera, because Trump’s new-and-improved tariffs have other plans. My former colleague Chris Welch reports the majority of Fujifilm cameras now cost more, and Canon has signaled higher prices too; Sigma has agreed to absorb the extra 5 percent tariffs that Trump just added to Japan.

Fuji prices could go higher still: PetaPixel says they’re based on 10 percent Japan tariffs, not the new 15 percent. Moment has an updated Fujifilm price list.

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Richard Lawler
Trump announces new “reciprocal” tariff hikes.

The Trump administration has revealed updated tariff rates on exports from dozens of countries due to take effect on August 7th, and an EO targeting alleged “inaction and retaliation” from Canada that will raise its rate on certain items from 25 to 35 percent starting August 1st.

CNN has a simple breakdown here of what this means so far. According to the WSJ, “the result will be significantly higher tariffs on virtually every US trading partner,” ranging from 10 to 41 percent, and a 40 percent penalty rate for goods “transshipped” to avoid tariffs.

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Mia Sato
Checking in on Shein prices under Trump’s tariffs.

Reuters tracked a sampling of Shein prices from April to July and — surprise! — items are now more expensive. Prices spiked in April following Shein’s pre-announced price increase and then dipped slightly, Reuters found. Now they’re creeping back up: a $31 order in April would have cost $69 last week.

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Richard Lawler
Two words: tariff engineering.

This CNBC article describes some of the workarounds you might see with companies navigating higher taxes on imports, as the difference between a raincoat and a windbreaker, for example, can add up.

However, it quotes supply chain strategist Andrew Wilson saying that “consumer good and garments, apparel and footwear sectors” are easier targets for these changes than cars and electronics, because “even minor changes may require extensive validation and approval” that add months of waiting to get certified.

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Andrew Liszewski
Spirit Halloween is struggling to deal with tariffs too.

For the past few years, Spirit Halloween has held a grand opening celebration in the summer at its flagship store in Egg Harbor Township, New Jersey, where it showcases its latest costumes and props. But the event has been canceled this year, the retailer recently announced on Instagram, blaming “international disruptions and supply chain challenges.”

Tariffs may have ruined the party, but Spirit Halloween still plans to open over 1,500 stores this year, starting in mid-August.

Screenshot: Instagram
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Jay Peters
Trump’s tariffs have been temporarily reinstated.

A federal appeals court has temporarily paused the Court of International Trade’s ruling yesterday that blocked the tariffs, CNBC reports.

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Jay Peters
A federal trade court has blocked Trump’s tariffs.

The Court of International Trade ruled that President Trump can’t set impose his tariffs using the International Emergency Economic Powers Act, but the Trump administration will likely appeal, the Associated Press reports.

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Dominic Preston
Chinese iPhone exports to the US are way, way down.

Shipments dropped 76 percent in April 2025 compared to the year before, as those from India grew by the same percentage, according to new figures from Omdia. April’s figures are low overall, but skewed by March’s efforts to rush 600 tons of product into the US before tariffs hit.

The big question is if Apple will keep prioritizing Indian-made iPhones now that Trump has threatened fresh tariffs on all phones that aren’t made in the USA.

Image: CNBC / Omdia
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Victoria Song
Even with a 25 percent tariff, Apple has little incentive to bring manufacturing back home.

So says supply chain expert Ming-Chi Kuo. Back in April, I also spoke to several other supply chain experts who said the exact same thing. Here’s the gist: The U.S. simply does not have the manufacturing capability or a skilled workforce to do this and rebuilding it will take significant funds and time. Paying the tariff is simply cheaper (for the company), faster, and more profitable.

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Mia Sato
Big box retailers are hiking prices.

In the midst of Donald Trump’s tariff chaos, prices are rising at retailers like Walmart, Amazon, and Home Depot, according to data provided to The Verge by Bright Data, which tracks prices week over week. As of May 11th, for example, 21.5 percent of the 1.5 million tracked Amazon products had increased in price. Check out an interactive chart here.

A chart showing the % of products from retailers that increased in price week over week. Retailers analyzed include Amazon, Home Depot, and Walmart. The percentage of products that increased in price jumped for all retailers in the data.
Image: Bright Data
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Dominic Preston
‘The challenge is not the tariff itself, it’s the uncertainty.’

So says Lenovo CEO Yang Yuanqing in an interview with The Wall Street Journal, arguing the company can “adjust quickly” to tariff changes, but only if it knows “what the end game is.”

Yuanqing estimates tariffs have cost Lenovo more than $15 million, even with exemptions for computers and phones, and says that while the company won’t stop manufacturing in China, it may diversify to become more “resilient.”

A new cold war is brewing over rare earth minerals

China has implemented new export controls for rare earth minerals and magnets. The changes could upend the shift to electric vehicles.

Abigail Bassett
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Dominic Preston
Trump doesn’t want Apple’s Indian iPhones.

“I had a little problem with Tim Cook yesterday,” the president revealed during a visit to Qatar, after apparently telling the Apple CEO to stop moving its manufacturing to India. Apple has reportedly planned to use its Indian infrastructure to avoid higher tariffs on Chinese goods. Trump claims the company will now be “upping their production in the United States,” but there are many reasons an American iPhone just won’t happen.