Politics
GM says tariffs will cost it up to $5B, but car buyers won't see big price changes
Major automakers tabulated the cost of tariffs and announced moves to increase U.S. production of certain vehicles Thursday, underscoring…
Tag
Tariffs
Politics
Even Trump Officials Are Hoarding Supplies Thanks to His Tariffs
“If you had a choice between a doll from China, that might have, say, lead paint in it that is not as well constructed, as a doll made in…
Politics
Ryanair threatens to cancel huge Boeing order if tariffs raise prices
Ryanair on Thursday (May 1) threatened to cancel orders for hundreds of Boeing aircraft if a US-led tariff war leads to materially higher…
Business
GM slashes guidance with up to US$5 billion hit from tariffs
General Motors cut its full-year profit outlook citing as much as US$5 billion of exposure to auto tariffs, among the biggest financial…
Business
Big Tech’s fortunes diverge as AI powers cloud, tariffs hit consumer electronics
The fortunes of Big Tech are diverging in a rapidly changing business landscape, as demand for artificial intelligence fuels growth in…
News
Trump’s Tariffs Lead Japan to Slash Its Economic Growth Forecast
The growing list of major economies warning of weaker growth because of U.S. tariffs has a new member. The Bank of Japan said on Thursday…
Politics
Airbus tells US airlines they’ll need to pay their own tariffs
Airbus said it will not cover the cost of tariffs on its planes imported by US airlines, setting up a clash with carriers unwilling to…
Politics
Trump says tariffs will force 'transition period' on some companies, promises to be 'flexible'
President Trump said there will be a "transition period" for some companies as his tariffs work themselves out and encourage greater…
Politics
Mercedes-Benz and Volkswagen Facing Uncertainty With Tariffs
European carmakers, including Mercedes-Benz, Stellantis and Volkswagen, said Wednesday that the chaos and upheaval caused by the tariffs…
Business
Thailand’s central bank cuts key rate again, lowers growth forecasts as tariffs loom
Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to…
Business
Thailand’s central bank cuts rate again; economy could face recession as US tariffs loom
Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to…
Politics
China quietly exempts key U.S. goods from tariffs: report
By Shane Croucher is a Breaking News Editor based in London, UK. He has previously overseen the My Turn, Fact Check and News teams, and…
Politics
Chinese solar losses deepen even before worst of trump tariffs
Chinese solar manufacturers continue to plunge deeper into the red, and the outlook is getting gloomier as sky-high tariffs on exports…
Politics
TSMC starts building third Arizona plant as US tariffs loom
The CEO says that the third and fourth plants will use its most advanced N2 and A16 process technologies and the fifth and sixth plants…
Politics
Trump tempers auto tariffs, winning cautious praise from industry
US President Donald Trump moved on Tuesday to soften tariffs on automakers, sparking cautious optimism in an industry that has been on…
Business
US: Stocks rally as Trump tempers auto tariffs
Wall Street stocks rose on Tuesday as markets digested mixed earnings while applauding a move by President Donald Trump to ease tariffs on…
Politics
Trump official tells Fox News to fire its pollster live on air
A top Trump administration official blasted Fox News' pollster during a live interview on the network when he was confronted about…
Politics
West Coast Ports Brace for China Tariffs to Dent Import Volume Within Days
Census Bureau data released on Tuesday showed a surge in U.S. imports starting last fall, from $268 billion at the end of October to $343…
Politics
Trump to Sign Executive Order Walking Back Some Auto Tariffs
President Trump signed an executive order on Tuesday that will walk back some tariffs for carmakers, administration officials said,…
Politics
Trump pumps the brakes on some auto tariffs
President Trump granted limited relief from his auto tariffs with an executive order Tuesday that keeps automakers from facing multiple…
Politics
Retailers Fear Toy Shortages at Christmas as Tariffs Freeze Supply Chain
President Trump’s China tariffs are threatening Christmas. Toy makers, children’s shops and specialty retailers are pausing orders for the…
Politics
White House slams Amazon for showing price changes due to tariffs
The White House said Amazon was engaging in a "hostile and political act" with plans to display how much President Trump's tariffs will…
Politics
Adidas Warns Sneakers Will Cost More in the U.S. as Trump’s Tariffs Take Effect
The German sportswear company Adidas said on Tuesday that the increase in tariffs would lead to higher prices for its sneakers and…
Politics
GM pulls forecast due to tariffs as nervous consumers rush to buy
General Motors has pulled its annual forecast, reflecting the uncertain effects of US President Donald Trump’s global trade war, even as…