China has implemented 84% tariffs on US products in response to Donald Trump’s trade war, while Trump has suspended steep reciprocal tariffs on other countries but not China. This move has brought relief to markets following a volatile period, with the suspension of tariffs being announced suddenly after the most significant financial market turbulence since the start of the pandemic.
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Puma’s new boss takes helm trailing Adidas and a recovering Nike
Puma's leadership has aimed to elevate the brand's image for over two years, focusing on making its sneakers and apparel more aspirational. However, new CEO Arthur Hoeld has indicated that the brand is now perceived as cheap, suggesting a disconnect between the company's goals and public perception. Want More Context? 🔎
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