Politics
G.M. Withdraws Profit Forecast as Trump Tariffs Take a Toll
General Motors is abandoning a previous forecast for solid profit growth this year as a result of the uncertainty created by President…
Tag
Tariffs
Politics
Union Workers turn on Trump tariffs: 'Direct attack on the working class'
A union representing West Coast dock workers has decried President Donald Trump's tariffs as a "direct attack on the working class," and…
Business
Porsche's Q1 profit margin plunges on China weakness, US tariffs
Luxury sports carmaker Porsche on Tuesday (Apr 29) said its operating margin fell to 8.6 per cent in the first quarter, below analyst…
Politics
Trump Administration Looks to Take Steps to Ease Pain From Car Tariffs
The Trump administration said it plans to announce measures as early as Tuesday to ease the impact of tariffs on imported cars and car…
Politics
Canada Election: It’ll Be Carney or Poilievre Against Trump’s Tariffs
Canada chooses a leader to take on Trump Canadians vote on Monday to determine which political party forms their next government. But…
Politics
US shoppers pay for Trump tariffs on Temu, doubling some prices
Discount Chinese retail app Temu appears to be passing on nearly all of US President Donald Trump’s new import taxes to US consumers, more…
Politics
Tariffs: Misses and Myths
The week of April 21, 2025: Tariff legends and reality, the debt, antitrust, and much, much more. Source link
Politics
Trump's treasury secretary says China 'cannot sustain' high tariffs on imports
Treasury Secretary Scott Bessent is confident that President Trump has the upper hand in the trade war with Beijing because the Chinese…
Politics
Trump’s Tariffs Prompt Wave of Lawsuits
Somewhere along a roughly 7,500-mile journey that begins in Shenzhen, China, there are 19 shipments bound for Rick Woldenberg, the chief…
Politics
Trump’s Tariffs Squeeze an Already Struggling British Car Industry
The 25 percent tariffs imposed by President Trump on imported cars have added to the pressures on vehicle manufacturers around the world,…
Politics
Tesla and Volkswagen May Have a Leg Up As Tariffs Raise EV Prices
President Trump’s tariffs on imported cars and auto parts could stall the growth of electric vehicles, setting back a technology critical…
Politics
Donald Trump dealt double polling blow on the economy
President Donald Trump is losing ground on one of his top priorities—the economy—according to two recent polls that found his handling of…
Politics
'Chaos created by uncertainty.' Tariffs hit a company that lights Hollywood — and Congress
For two decades, Jim Sanfilippo has designed high-wattage, specialized LED lights for stadiums, the U.S. House of Representatives and…
Politics
How Tariffs Could Make Americans’ Hobbies More Expensive
Hobby forums, normally places for trading tips about knitting patterns and sharing photos of new projects, are now hosting in-depth…
Business
China stops tariffs on some U.S. semiconductors
China appears to have rolled back the 125% tariffs on some imports from the U.S., a move that could mark the start of de-escalating the…
Politics
Uncertainty Over Trump’s Tariffs Paralyzes U.S. Businesses
Three months ago, things were looking pretty good for Tim Fulton and Ramper Innovations, a manufacturer of airplane equipment based in…
Politics
US pharma tariffs would raise US drug costs by US$51 billion annually, report finds
A 25 per cent US tariff on pharmaceutical imports would increase US drug costs by nearly US$51 billion annually, boosting US prices by as…
Business
Facing the Trump Tariffs, Markets Are Bracing for an Economic Storm
It is in a president’s interest to ensure that the economy and the stock market are strong. Yet the Trump administration has been doing…
Business
Pepsico Cuts Growth Forecast Amid Tariffs and Slowed Consumer Spending
Consumers, worried about the economy, are pulling back on their spending, and that anxiety is translating into lower sales and profits for…
Politics
Renault to cut costs as US tariffs lash car market
French carmaker Renault said on Thursday (Apr 24) it will seek to further cut costs as US tariffs shake up the global car market. Renault…
Politics
Will tariffs spell the end of Detroit's resurgence?
Detroit's comeback after decades of decline could now be undermined by the impact of President Donald Trump's tariffs on the American car…
Business
Nokia posts quarterly profit miss, flags disruption from Trump's tariffs
Comparable operating profit fell to 156 million euros (S$232.7 million) in the first quarter of 2025 Nokia reported first-quarter profit…
Business
China to kick off special bond sale as tariffs threaten economy
China is set to issue the first batch of special sovereign bonds for the year on Thursday (Apr 24) as part of the stimulus announced by…
Business
China kicks off special bond sale as tariffs threaten economy
China issued the first batch of special sovereign bonds for the year on Thursday (Apr 24) as part of the stimulus announced by authorities…