November 11, 2025

  • New U.S. tariffs on Italian pasta imports could drive the total tariff to a significant 106.7%, with the measures being mulled over as an “anti-dumping” measure. “I believe this is totally inappropriate because Italy and America are brothers. It is an excuse not to let Italian products in,” Cosimo Rummo, chief executive of Pasta Rummo, said (via Food & Wine).
  • Visa and Mastercard’s proposed settlement on swipe fees has encountered new resistance, with the National Association of Convenience Stores describing the plan in critical terms. “No one should be fooled by the credit card industry’s smoke and mirrors,” said NACS senior VP of government relations Lyle Beckwith. “This proposed settlement endorses business as usual, including by letting Visa and Mastercard increase their own fees without any restraints,” he added (via Chain Store Age).
  • Tesla saw a significant decline in sales in China in October, selling 26,006 vehicles — the lowest figure in three years. “Sales fell 35.8% from a year earlier, down from September’s figure of 71,525 when Tesla began deliveries of the Model Y L, a longer-wheelbase and six-seat version of its best-selling Model Y SUV until now only available in China,” Reuters reported (via Reuters).
  • President Donald Trump warned that a ruling opposing his tariff plans by the Supreme Court could end up producing an economic unwind to the tune of $3 trillion. “It would not be possible to ever make up for that kind of a ‘drubbing.’ That would truly become an insurmountable National Security Event, and devastating to the future of our Country – Possibly non-sustainable!” the president wrote (via Truth Social).
  • CardVault by Tom Brady is set to make its debut in the Mall of America on Nov. 16. The 1,700-square-foot location will offer exclusive sports collectibles and memorabilia, with cards — and trading card games outside of the athletics sphere — being the primary focus. “Following the incredible success of our American Dream location, bringing CardVault to its sister property, Mall of America, was a no-brainer,” said Ed Kane, co-founder of CardVault by Tom Brady (via Chain Store Age).