Samsung and Google ruin the party: Earnings misses drive tech futures lower as the Fed signals rate hikes ahead

On President Trump’s “Liberation Day” in 2025, the U.S. tariff on Chinese goods rose to a potential 145%. The increase came just as Spirit Halloween began shipping goods from Asia. “This was going to put us out of business,” Steven Silverstein, CEO of Spirit’s parent company, Spencer Spirit Holdings, told Fortune’s Catherina Gioino . Silverstein said the tariffs were worse for Spirit than COVID. Up to 80% of Spirit’s merchandise is imported by the company, mostly from Asia, and it moves on a tight schedule through 63 third-party logistics sites before reaching more than 1,550 stores, a process Silverstein says…

Source: Fortune Crypto