Business News

U.S. Rolls Out Tariffs

U.S. rolls out tariffs on Chinese goods. President Trump approved a list of more than 1,100 items expected to generate ~$50 billion in taxes on Chinese imports, with an additional $16 billion in goods still under review. Collection is slated to begin in three weeks. The value of the tariffs suggests this is another negotiating tactic. (LPL)

The East Coast-based clothing chain Brooks Brothers has closed its downtown Portland store. It opened in 2008. The Portland store was Brooks Brothers' only Oregon location. (OBN)

Kellogg is recalling 1.3 million cases of Honey Smacks cereal due to potential salmonella contamination. (Reuters)

Apple has signed a multiyear deal with Oprah Winfrey as part of the tech giant's push into original content. Winfrey will create original programs. Apple has reportedly committed $1 billion to original content. (CNBC)

If you were looking for another reason to fly first class, Alaska Airlines is now serving ice cream from the Portland-based Salt and Straw. (Oregon Live)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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