🛒 Inflation was notably cooler than expected in March, as President Trump began ratcheting up the global trade war. Overall CPI dropped as energy prices plummeted, while the core measure that excludes food and energy rose just slightly. (Axios)
💵 Amazon CEO Andy Jassy expects certain product sellers on the platform to pass the increased costs of tariffs on to consumers. Meanwhile, Amazon has conducted "strategic forward inventory buys" to get ahead of increased duties. (CNBC)
👠Prada agreed to acquire Versace from Capri Holdings in a deal that will create an Italian fashion powerhouse. The transaction values Versace at $1.4 billion. (AP)
🇨🇳 Packages from the likes of low-cost Chinese retailers Temu and Shein are facing another tariff hike from President Trump. Trump recently moved to close that loophole, and now he's making it even harder for those packages to be sold to American consumers. (Axios)
🚙 CarMax shares plunged after the used car retailer withdrew its financial goals amid the trade war. (Bloomberg)
