Culture
Ford pulls guidance, warns it will take US$1.5 billion hit from Trump’s tariffs
Ford Motor suspended its annual guidance on Monday because of uncertainty around US President Donald Trump’s tariffs, saying the levies…
Tag
Tariffs
News
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 Daniel’s whiskey beckons from the bar at British…
Culture
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…
Culture
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…
News
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…
Culture
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…
News
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…
News
Car Prices Expected to Rise as Tariffs on Parts Kick In
The United States imposed 25 percent tariffs on imported auto parts on Saturday that could sharply raise prices for new and used vehicles…
News
Companies Are Raising Prices as Tariffs Hit
More companies are starting to warn that they will have to pass on higher costs to American consumers, raising prices for products like…
News
Exxon and Chevron Report Lower Profits While Girding for Tariffs
The two largest U.S. oil companies reported their lowest first-quarter profits in years on Friday as they braced for the economic fallout…
Culture
Shorter-duration bonds shine in Asia as Trump’s tariffs roil markets
US President Donald Trump’s tariffs shook markets across asset classes, sending investors searching for shelter. Some landed on cash, some…
Culture
Chinese EV makers sell more plugin-hybrids in the EU to avoid tariffs: research firm
CHINESE carmakers including BYD and Chery are selling more plugin-hybrids in the European Union to avoid import tariffs on Chinese-made…
Culture
US tariffs provide opportunities for Greenlink Digital Bank: chairman
The continued uncertainty with US tariffs could provide more opportunities rather than challenges to Greenlink Digital Bank (GLDB). GLDB…
News
GM Cuts Profit Forecast by 20% and Says Auto Tariffs Will Cost It Billions
General Motors cut its profit forecast for 2025 on Thursday by more than 20 percent and said that the Trump administration’s tariffs would…
Culture
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…
Culture
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…
Culture
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…
News
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…
News
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…
News
Trump to Sign Executive Order Walking Back Some Auto Tariffs
President Trump plans to sign an executive order Tuesday that will walk back some tariffs for carmakers, administration officials said,…
News
Trump’s China Tariffs Are Already Jeopardizing Christmas
President Trump’s China tariffs are threatening Christmas. Toy makers, children’s shops and specialty retailers are pausing orders for the…
News
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…
Culture
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…