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Trump says most nations should expect tariffs of 15% to 20% on their products
President Trump said the baseline tariff rate for most countries will be in the "15% to 20%" range as he strikes deals and assigns tariffs…
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Tariffs
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The U.S. and European Union announce a joint deal on tariffs
The United States and the European Union agreed on Sunday to a trade framework setting a 15% tariff on most goods, staving off — at least…
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EU and US agree trade deal, with 15% tariffs for European exports to America
The United States and European Union have reached a trade deal, ending a months-long standoff between two of the world's biggest economic…
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Trump Reveals Striking 'Very Powerful Deal' With EU, With Europeans Agreeing to Buy $750 Billion Worth of US Energy and Pay 15% Tariffs
President Trump announced a sweeping new preliminary trade deal with the European Union, under which the 27-nation bloc has committed to…
Business
Kia aims to win US market share as tariffs force rivals to pull back
South Korea’s Kia Corp said on Friday (Jul 25) that it aims to increase its US sales and market share in the second half, driven by sales…
Business
VW cuts outlook after US tariffs added 1.3 billion euros in costs
Volkswagen lowered its financial outlook for the year, with the escalating cost of President Donald Trump’s tariffs weighing on earnings…
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South Korea scrambles to match Japan's trade deal with Trump, slash U.S. tariffs to 15% or lower
Japan's major trade deal with President Trump is heaping pressure on South Korea to strike its own agreement to stave off sky-high tariffs…
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ECB expected to hold rates as more Trump tariffs loom
The European Central Bank looks set to keep interest rates unchanged on Thursday while the introduction of higher US tariffs threatened by…
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Your favorite candy just got pricier, and it’s not because of tariffs
If you’re planning to roast s’mores over a campfire this summer, you’ll be spending more than last year on one ingredient that you cannot…
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Trump cuts tariffs in deals with Japan and others, but Asia braces for economic fallout
U.S. President Donald Trump has announced trade deals with Japan and a handful of other Asian countries that will relieve some pressure on…
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Garrett Leight to Move All Production to Japan From China
Garrett Leight California Optical is making the jump from China to Japan for its future production. The Los Angeles-based eyewear brand…
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AstraZeneca announces $50 billion investment in U.S. as Trump’s tariffs loom
AstraZeneca plans to spend $50 billion to expand manufacturing and research capabilities in the U.S. by 2030, it said on Monday, the…
Business
General Motors’ profit slides by 32% in second quarter, and Trump’s tariffs are to blame
General Motors’ second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront challenging tariff…
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Trump and Philippine leader plan to talk tariffs and China at the White House
President Trump plans to host Philippine President Ferdinand Marcos Jr. on Tuesday at the White House, as the two countries are seeking…
Culture
Indonesia plans US$8 billion refineries contract with US firm amid tariffs deal: sources
Indonesian sovereign wealth fund Danantara plans to sign a US$8 billion engineering, procurement and construction contract with US…
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Stellantis expects US$2.7 billion first half loss as restructuring costs, US tariffs hit
Stellantis said on Monday (Jul 21) it expected the hit from restructuring costs and the initial impact of US tariffs to have pushed the…
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Singapore dollar faces pressure from US tariffs, policy shift
The Singapore dollar is under renewed pressure as US trade challenges are primed to worsen and as speculation of exchange-rate policy…
Business
Trump tariffs to decimate China profits: Bloomberg Economics
Most of China’s industries can’t survive US President Donald Trump’s tariffs at current levels, according to a new analysis by Bloomberg…
Business
Trump tariffs to decimate China profits: analysis
Most of China’s industries cannot survive US President Donald Trump’s tariffs at current levels, according to a new analysis by Bloomberg…
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How Trump’s China tariffs are threatening your glitter nail polish
The ink was barely dry on President Donald Trump’s April tariff missive, when owners of independent nail polish brands sounded the alarm…
Business
EY Report Says Italy’s GDP Could Fall 1.4 Percent If U.S. Tariffs Hit 30 Percent
MILAN – There are still a lot of ifs, but failure to negotiate U.S. President Donald Trump‘s 30 percent tariffs on European goods by the…
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Porsche plans more cost cuts to counter tariffs, China slump
It will start negotiations on additional reductions in the second half of this year [Stuttgart] Porsche warned its employees to brace for…
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Japan’s SMEs ready to adapt to Trump tariffs
Small and medium-sized (SME) firms such as Mitsuwa Electric that form the backbone of Japan’s economy have weathered many storms over the…
Business
Why Tariffs (Probably) Won’t Cause Inflation (But Still Raise Prices)
Not all bad economic policy is inflationary, and not causing inflation doesn’t make economic policy good. Source link