NRF: Coronavirus Hits U.S. Container Port Activity

The impact of the coronavirus on business in China, which currently is exacerbating the annual effects of the Lunar New Year, is hitting major retail container ports in the U.S., according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.

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Tariffs Impact Dorel Dividend

As it cited the difficulties of dealing with tariffs imposed by the U.S. on China, Dorel Industries said that a review of preliminary third quarter results has prompted the company’s board of directors to suspend its dividend.

Trump Threatens China Tariff Hike This Friday

President Donald Trump has threatened to move forward with a 25% hike in tariffs on $200 billion of Chinese imports this Friday, May 10, ahead of a meeting between U.S. and Chinese trade officials that was scheduled for this week in Washington, D.C.