Elon Musk’s DOGE fans, Target’s DEI lawsuit, and Trump’s new trade war: Business news roundup

Image for article titled Elon Musk's DOGE fans, Target's DEI lawsuit, and Trump's new trade war: Business news roundup

Image: Luis Boza/NurPhoto (Getty Images), Christopher Furlong (Getty Images), Jeff Greenberg/Education Images/Universal Images (Getty Images), Joe Raedle (Getty Images), urand T/Alpaca/Andia/Universal Images Group (Getty Images), Photo: Smith Collection/Gado / Contributor (Getty Images), Brandon Bell (Getty Images), Ji Haixin/VCG (Getty Images), li xin/AFP (Getty Images)

A McDonald’s in Lisbon, Portugal.

A McDonald’s in Lisbon, Portugal.
Image: Luis Boza/NurPhoto (Getty Images)

McDonald’s is bringing back its popular Shamrock Shake on Feb. 10, with a nostalgic twist.

The fast food chain is reintroducing Uncle O’Grimacey, the character first created in 1975 to promote the seasonal shake. After decades in the background, he’s “packed his bags” to reunite with his nephew Grimace to celebrate the return of the popular treat.

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Elon Musk

Elon Musk
Image: Christopher Furlong (Getty Images)

Image for article titled Elon Musk's DOGE fans, Target's DEI lawsuit, and Trump's new trade war: Business news roundup

Photo: Smith Collection/Gado / Contributor (Getty Images)

A Starbucks at the Florida Fort Lauderdale Airport terminal.

A Starbucks at the Florida Fort Lauderdale Airport terminal.
Image: Jeff Greenberg/Education Images/Universal Images (Getty Images)

U.S. President Donald Trump on January 27, 2025 in Doral, Florida.

U.S. President Donald Trump on January 27, 2025 in Doral, Florida.
Image: Joe Raedle (Getty Images)

President Donald Trump’s new tariffs, set to take effect on Tuesday, Feb. 4, are throwing a wrench into the rapid rise of e-commerce giants like Temu (PDD) and Shein, while potentially giving Amazon (AMZN) a chance to reclaim its edge.

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Image for article titled Elon Musk's DOGE fans, Target's DEI lawsuit, and Trump's new trade war: Business news roundup

Photo: Brandon Bell (Getty Images)

Image for article titled Elon Musk's DOGE fans, Target's DEI lawsuit, and Trump's new trade war: Business news roundup

Image: urand T/Alpaca/Andia/Universal Images Group (Getty Images)

The United States Postal Service early on Wednesday said it would resume accepting packages from China and Hong Kong, reversing a brief hours-long freeze.

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Beijing on Tuesday said it would slap U.S. imports with new tariffs in response to President Donald Trump’s own tariffs on Chinese imports.

Beijing on Tuesday said it would slap U.S. imports with new tariffs in response to President Donald Trump’s own tariffs on Chinese imports.
Photo: Ji Haixin/VCG (Getty Images)

China on Tuesday fired back at the U.S. over President Donald Trump’s new tariffs, pledging to impose its own taxes on imports beginning next week.

“The U.S.’s unilateral imposition of tariffs seriously violates the rules of the World Trade Organization (WTO),” China’s Ministry of Commerce said in a statement. “It is not only unhelpful in solving its own problems, but also undermines the normal economic and trade cooperation between China and the U.S.”

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Chipotle downplays the effect of President Trump’s tariffs

Despite the possibility of tariffs on goods from Mexico, Canada, and China, the burrito chain believes it will not face a major cost increase

Chinese regulators opened an investigation into Google soon after President Donald Trump’s new tariffs on goods from China became active.

Chinese regulators opened an investigation into Google soon after President Donald Trump’s new tariffs on goods from China became active.
Photo: li xin/AFP (Getty Images)

China’s first major response to President Donald Trump’s tariffs wasn’t like the U.S.’s approach, which tackled all Chinese imports. Instead, Beijing singled out a handful of big areas — and major companies — to pile on the pressure.

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Diego Damron

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