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Trump Says He Is Raising Tariffs on South Korean Imports

President Donald Trump said on Monday he was increasing tariffs on South Korean imports into the U.S. related to autos, lumber and pharmaceuticals to 25%, while accusing the ally's legislature of "not living up" to its trade deal with Washington. "South Korea's Legislature is not living up to its Deal...

Nike to Cut 775 Jobs in US Distribution Centers, CNBC Reports

Nike is laying off 775 employees in a bid to boost profits and accelerate its use of automation, CNBC reported on Monday, citing people familiar with the matter. The cuts will primarily impact distribution center roles in Tennessee and Mississippi, where the sneaker giant operates large warehouses, the report said....

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