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Facing tariffs, should shoppers seek ‘Made in USA’ goods?

Facing tariffs, should shoppers seek ‘Made in USA’ goods?

By Anna Helhoski, NerdWallet

Shoppers who are concerned about tariffs driving up the costs of their favorite products might think that “Made in USA” goods could offer financial relief. But finding domestically manufactured, budget-friendly items may take effort.

Americans like the idea of buying more American-made products. A November 2024 poll by Morning Consult, conducted for the Alliance for American Manufacturing, found that 60% of Americans said they made an effort to buy U.S.-made goods over the past year. And 82% said they’d buy more if retailers made those products easier to find.

‘Made in USA’ won’t always mean tariff-free

Buying American products doesn’t mean avoiding tariffs or the global supply chain. Even the most well-known U.S. companies depend on imported components to make finished goods.

Take Crayola, for example: It’s headquartered in Pennsylvania and has manufacturing facilities in the U.S., but it also produces some of its products in Mexico. Some other iconic American brands base at least some — if not all — of their manufacturing outside the U.S. where labor and other production costs are lower. That includes Levi’s jeans, L.L. Bean apparel, Converse’s Chuck Taylor All Star sneakers, Ray-Ban sunglasses, Major League baseballs, American Girl dolls, Fender guitars and essentially everything Nike. read more

Nets and high-tech hijackings: Anti-drone systems offer new ways to counter rising threats

Nets and high-tech hijackings: Anti-drone systems offer new ways to counter rising threats

By DAVID KLEPPER

WASHINGTON (AP) — Drones have harassed airports and bedeviled local police. They have trespassed over nuclear plants and prisons. On the battlefield, they can kill.

But aside from shooting down the devices, which may create further danger, there’s often not much anyone can do to stop drones when they pose a threat or wander where they’re not welcome.

That’s beginning to change. Cheap and easily modified, unmanned aerial vehicles have become a part of daily life as well as a tool for governments and bad actors alike — used for intelligence gathering, surveillance, sabotage, terrorism and more. Concerns about their misuse have spurred a technological scramble for ways to stop the devices in midair.

“An adversary can use an off-the-shelf drone they bought for $500 and find out what’s going on at U.S. nuclear weapons bases,” said Zachary Kallenborn, a London-based national security consultant and expert on drone warfare. “China, Russia, Iran: If they’re not doing it they’re stupid.” read more

First look: Disney World shows star villains, Little Mermaid, tech

First look: Disney World shows star villains, Little Mermaid, tech

Two new Walt Disney World stage shows are now presenting storytelling enhanced with technology. “Disney Villains: Unfairly Ever After” and “The Little Mermaid – A Musical Adventure” have arrived on the daily schedule at Disney’s Hollywood Studios theme park, and they both feature fresh special effects surrounding familiar characters.

The villains show starts with a splashy set that’s framed by, well, frames. It’s all playing off Magic Mirror as a central character, and a lot happens on screens within those jauntily placed frames, including appearances by 85 villains and sidekicks plus shattering effects.

On stage, it’s Cruella De Vil, Captain Hook and Maleficent pleading their cases to be the most misunderstood. Magic Mirror, long tasked with “fairest of them all” duties, is asked to pick.

“They don’t know one another. They’ve never met. They don’t know each other’s stories. And as far as they’re concerned, they are the most amazing dark creature in their world,” Mark Renfrow, show director, said after a media preview Tuesday evening. read more

US consumer confidence rebounds after five straight months of declines amid tariff anxiety

US consumer confidence rebounds after five straight months of declines amid tariff anxiety

By MATT OTT, AP Business Writer

WASHINGTON (AP) — Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to its lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump’s tariffs.

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The Conference Board said Tuesday that its consumer confidence index rose 12.3 points in May to 98, up from April’s 85.7, its lowest reading since May 2020.

A measure of Americans’ short-term expectations for their income, business conditions and the job market jumped 17.4 points to 72.8, but remained below 80, which can signal a recession ahead. read more

S&P 500 rallies 2% as Wall Street’s roller-coaster ride whips back upward

S&P 500 rallies 2% as Wall Street’s roller-coaster ride whips back upward

By STAN CHOE, AP Business Writer

NEW YORK (AP) — Wall Street’s roller-coaster ride created by President Donald Trump’s trade policies whipped back upward on Tuesday, this time because of a delay for his tariffs on the European Union.

The S&P 500 leaped 2% in its first trading since Trump said Sunday that the United States will delay a 50% tariff on goods coming from the European Union until July 9 from June 1. The European Union’s chief trade negotiator later said on Monday that he had “good calls” with Trump officials and the EU was “fully committed” to reaching a trade deal by July 9.

The Dow Jones Industrial Average jumped 740 points, or 1.8%, and the Nasdaq composite rallied 2.5%. They more than recovered their losses from Friday, when Wall Street’s roller coaster dropped after Trump announced the tariffs on France, Germany and the other 25 countries represented by the European Union.

Such talks give hopes that the United States can reach a deal with one of its largest trading partners that would keep global commerce moving and avoid a possible recession. Trump declared a similar pause on his stiff tariffs for products coming from China earlier this month, which launched an even bigger rally on Wall Street at the time. read more