Friday Business Report: Tariff Fight Escalates
Friday, September 21, 2018
Credit: Associated Press
KPBS anchor Ebone Monet and SDSU marketing lecturer Miro Copic discuss some of the week’s top business stories.
This week’s topics:
U.S. Announces New Tariffs On Chinese Products
This week, President Donald Trump announced the United States will impose tariffs on another $200 billion of Chinese products. China retaliated with new tariffs on U.S. goods. It's the latest trade escalation between the two countries in recent months. American retailers anticipate the cost will eventually be passed onto consumers after the holiday shopping season.
Amazon Expanding Cashierless Stores
Amazon may be competing with 7-Eleven and other convenience store chains in the years ahead. Bloomberg News reports Amazon may open thousands of cashier-less stores by 2021. The initial concept store in Seattle, called AmazonGo, is an example of Amazon expanding its business model to physical retail locations.
More Spam Calls Likely
A new report suggests nearly half of all cell phone traffic next year will be in the form of spam marketing. Robocallers are now mimicking neighborhood phone numbers to lure people into answering. The nuisance has grown exponentially in the past couple of years.
SeaWorld Settles Case Related to 'Blackfish' Effect
SeaWorld San Diego's parent company will pay a combined $5 million to settle a federal fraud case. The company and its former CEO are accused of misleading investors about the fallout from the critical 2013 documentary film 'Blackfish.'
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