EU considers tariffs on Boeing jets
The European Union intends to propose tariffs on Boeing jets, as it prepares to retaliate further if trade talks with Washington fail, the Financial Times reported on Wednesday…
Tag
Tariffs
Volvo Cars to cut 5% of jobs at South Carolina plant as tariffs bite
The changes would affect about 125 of the 2,500 employees at its factory in South Carolina Volvo Cars said on Wednesday (May 7) it would make production changes and cut 5% of the…
BMW sticks to 2025 outlook, but warns US tariffs will bite this quarter
Most of BMW’s rivals, including Mercedes-Benz, Ford and Stellantis, have all pulled their 2025 forecasts German premium carmaker BMW on Wednesday (May 7) confirmed its 2025 outlook…
UOB not ‘overly alarmed’ by US tariffs as its trade finance lending is mostly intra-regional: Wee Ee Cheong
A strong balance sheet and capital base will help UOB navigate the uncertainties arising from US tariffs, said deputy chairman and chief executive officer Wee Ee Cheong. Speaking at the…
Chinese Imports to US Hit 20-Year Low as Tariffs Sink In
The share of U.S. imports from China in the first quarter of the year fell to its lowest point in over 20 years, as the high tariffs President Trump has put on Chinese goods clamped down…
Trump Tariffs Could Hike Prices on Smartphones by 31% and Game Consoles by 69%, per Revised CTA Estimates
The U.S.’s biggest consumer electronics trade group has crunched the latest numbers on President Trump’s tariffs — and it’s warning that prices of popular products will soar if the…
Barbie Maker Mattel Plans to Raise Prices Because of Trump’s Tariffs
Less than a week ago, President Trump suggested that children may have to make do with fewer toys this year. “Well, maybe the children will have two dolls instead of 30 dolls, you know?”…
Tariffs Could Wreck What Bangladesh’s Garment Workers Have Gained
It was always going to be a hard year for Bangladesh. Last summer, amid an economic collapse, protesters toppled a tyrant and pushed the country to the brink of chaos. Then a month ago, as…
Hong Kong DIY watch brand sets sights on Europe amid Trump tariffs
When Washington announced higher tariffs and the axing of a de minimis rule that allowed for low-value packages from Hong Kong and mainland China to enter the United States free of duties,…
Shein, Temu ramp up advertising in UK and France as US tariffs hit
Shein and Temu, fast-fashion e-commerce platforms that ship merchandise from China, boosted their spending on digital ads in Europe in April, data from market intelligence firm Sensor…
Citigroup CEO says most business clients can absorb 10% tariffs
Citigroup CEO Jane Fraser said on Monday most of the bank’s business clients could absorb US tariffs of 10 per cent on the nation’s trading partners, but cautioned that companies…
Ford Says Tariffs Will Cost Company $1.5 Billion in 2025
Ford Motor said on Monday that the Trump administration’s tariff policies were likely to lower its 2025 profit, before interest and taxes, by about $1.5 billion. The company also dropped…
Trump’s tariffs are starting to hit the busiest port in the country. Next comes store shelves
The effects of President Donald Trump’s tariff policies are already appearing at America’s busiest port, which says shortages could begin showing up on store shelves in as early as five to…
Netflix, Disney, and Warner Bros. stock prices fall after Trump threatens tariffs on foreign-made movies
Stock prices for Netflix, Disney, and Warner Bros. Discovery fell this morning after President Trump took to social media to warn of major incoming tariffs for films made overseas. This…
As Backlash to Trump’s Tariffs Grows, Europe Boycotts American Brands
For motorcycle lovers in Sweden, Harley-Davidson is the hottest brand on the road. Jack Daniels whiskey beckons from the bar at British pubs. In France, Levis jeans are all about chic. But…
US: Wall St opens lower after Trump's fresh tariffs
Wall Street’s main indexes opened lower on Monday (May 5) after President Donald Trump rekindled worries about the ramifications of a global trade war by introducing new tariffs,…
There’s No Way to Replace the Income Tax with Tariffs
Even if it could raise enough revenue (which it can’t), it would undercut Trump’s other tariff goals. Source link
IPhone maker Hon Hai’s April sales surge 26% ahead of US tariffs
Hon Hai Precision Industry, the main contract manufacturer for Apple and Nvidia, said its April revenue rose 26 per cent, likely boosted by the hastening of orders ahead of US…
China’s Garment Factories Face a Tipping Point After New Tariffs
Liu Miao has sold clothing on Amazon to wholesale buyers in the United States for the past five years. That trade has come to an abrupt stop. Mr. Liu owns a small factory in Guangzhou,…
President Trump Says He Will Implement 100% Tariffs on Films Produced Outside the U.S.: ‘The Movie Industry in America Is Dying’
Donald Trump took to Truth Social Sunday to announce he is “authorizing” the Department of Commerce and the United States Trade Representative to impose a 100% tariff on “any and all”…
US Fed expected to pause cuts again and wait for clarity on tariffs
The US Federal Reserve is widely expected to extend a recent pause in rate cuts this week as it waits to see how US President Donald Trump’s stop-start tariff rollout affects the health of…
Temu ditches Chinese imports model to avoid Trump’s tariffs
Temu is abandoning the model centred around cheap Chinese imports that catapulted it to success in the US, aiming to sell only goods from local merchants to American consumers for the…
Nike, Adidas call on Trump to exempt footwear from tariffs
A trade association representing footwear producers has asked the Trump administration to consider tariff exemptions for its products, saying the levies will drive up the cost of…
They Help Companies Set Prices. Tariffs Are Making It Trickier.
We import a few raw materials for our manufactured products such as yttrium oxide, which is derived from a rare earth metal. We also import technical ceramic parts mainly produced by two…