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Money Minute: Trump Mulls Tariffs on Steel & Chips | Retail Sales Fall | Lindt Shifts Output
Posted
August 15, 2025
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1:01Now PlayingPresident Trump says tariffs on steel and semiconductor imports could arrive within two weeks — with chip duties potentially hitting 200–300% and exemptions for firms moving production to the US.
US retail sales fell 0.5% in July after a stronger June, with auto sales and big online shopping events helping to limit the drop.
Lindt is shifting some chocolate production from the US to Europe to avoid Canadian retaliatory tariffs, as cocoa prices remain high and pressure margins.
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