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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
Culture
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…
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White House 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…
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Canada Election: It’ll Be Carney or Poilievre Against Trump’s Tariffs
Canada chooses a leader to take on Trump Canada Election 2025: Follow live updates on news and results. Canadians vote on Monday to…
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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…
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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,…
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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…
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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…
Culture
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…
Culture
Trump’s main target in metals tariffs is China, ex-trade adviser says
US PRESIDENT Donald Trump’s tariffs on aluminium and steel are motivated mostly by concerns that China is flooding the global market and…
Culture
US: Wall Street ends sharply lower on mounting concerns over economy, tariffs
US stocks tumbled on Friday (Feb 21), extending their sell-off in the wake of dour economic reports and closing the book on a…
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How Trump’s Tariffs Could Reorder Asia Trade and Exclude the U.S.
As President Trump uses tariffs as a weapon in his quest to even the score on trade with the world, Asia is emerging as target No. 1. And…
Culture
Apple’s Tim Cook meeting with Trump as tariffs threaten iPhones
PRESIDENT Donald Trump is meeting with Apple CEO Tim Cook at the White House on Thursday (Feb 20), according to a source familiar with…
News
Airbus Says U.S. Tariffs Would Be ‘Lose-Lose’ for Airline Industry
Airbus, the world’s largest commercial airplane maker, said on Thursday that it was preparing for the possibility of new U.S. tariffs and…
Culture
Most US manufacturers forecast layoffs at Vietnam operations with Trump tariffs: survey
MOST US manufacturers surveyed by the American Chamber of Commerce (AmCham) in Vietnam said they would be likely forced to lay off workers…
News
Trump Reveals Extreme Tariffs Plan Guaranteed to Make Things Worse
Trump on Tuesday announced he would unveil an aggressive set of tariffs, confirming the worst fears of manufacturers across the auto,…
Culture
US: Wall St opens higher with Fed policy, Trump tariffs in focus
WALL Street’s main indexes opened higher on Tuesday (Feb 18), as investors focused on potential tariff developments and the US Federal…
News
Can the Federal Reserve Look Past Trump’s Tariffs?
As President Trump’s efforts to restructure the global trade system with expansive tariffs begin to take shape, one question continues to…
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Trump’s Tariffs Could Worsen Europe’s Economic Slowdown
President Trump’s promise to hit the United States’ trading partners with tit-for-tat tariffs — including penalties for taxes that he…
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Why Investors Appear Unfazed by the Latest Trump Tariffs
Elon Musk’s growing power in government appears to be making some of his businesses more of a magnet for investors. Case in point: Banks…
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Trump Announces ‘Reciprocal’ Tariffs Across the Globe
President Trump on Thursday set in motion a plan for new tariffs on other countries globally, an ambitious move that could shatter the…
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Hot Inflation Raises Stakes of Trump’s Tariffs
Hot inflation has raised the stakes of President Trump’s plans to escalate his use of tariffs on the country’s biggest trading partners,…
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Taiwan Prepares for Trump’s Tariffs, and a Changed Washington
Not so long ago, Taiwan basked in seemingly boundless, bipartisan support in Washington, where the island has long been regarded as a…
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Europe Vows to Respond to Trump’s Tariffs, but Holds Back on Details
European leaders vowed on Tuesday to retaliate after President Trump raised tariffs on aluminum and steel to 25 percent, even as they held…