Daily Overview: UPS chaos proves tariffs are hitting home hard

The financial implications are significant, with UPS facing increased costs that could potentially be passed on to consumers in the form of higher shipping fees.

Small and medium-sized importers are among the hardest hit by the sudden tariff hikes. Many are grappling with inventory shortages as the cost of importing goods has skyrocketed.

The e-commerce sector, heavily reliant on efficient logistics, has been particularly vulnerable to these disruptions. Platforms that depend on timely deliveries have faced significant challenges, with UPS delivery failures compounding the issues caused by tariff-impacted goods.

https://www.msn.com/en-us/money/markets/ups-chaos-proves-tariffs-are-hitting-home-hard/ar-AA1Pd457

Motoring USA: Trump’s ‘Illegal’ Auto Tariffs Hit Hyundai and KIA Prices [Video]

The prices of Hyundai and KIA vehicles is set to rise in the United States thanks to South Korea not striking a trade deal with the USA. This is despite the tariffs placed on the U.S. auto industry being deemed illegal by a second federal court, here’s the full story. 

https://www.msn.com/en-us/news/other/trump-s-illegal-auto-tariffs-hit-hyundai-and-kia-prices/vi-AA1OYwWL

Independent: Companies passed 37% of tariff costs on to consumers – and that figure is set to jump

Even large manufacturers who have been able to absorb many of the costs of the international levies have warned that should the situation continue, or even worsen, they will be forced to hike up prices

Companies have so far passed almost 40 percent of Donald Trump’s foreign import tariffs onto consumers, though that figure may still increase further.

Even large manufacturers who have been able to absorb many of the costs of the international levies have warned that should the situation continue, or even worsen, they will be forced to hike up prices.

Since Trump’s announcement of sweeping global tariffs in April, companies have passed about 37 percent on to consumers, 9 percent onto their suppliers and absorbed 51 percent through August, according to research by Goldman Sachs.

https://www.the-independent.com/news/world/americas/tariffs-companies-consumer-costs-increase-b2851644.html

https://www.msn.com/en-us/money/markets/companies-passed-37-of-tariff-costs-on-to-consumers-and-that-figure-is-set-to-jump/ar-AA1P7CDk