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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…
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Tariffs
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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…
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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,…
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…
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Trump’s tariffs added $4M to this Virginia wind project in just a few weeks
Off the coast of Virginia, Dominion Energy is building what will be the largest offshore wind facility in the U.S., a 2.6-gigawatt project…
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Ready for stagflation? Here’s how the Trump tariffs could take us back to the not-so-groovy 70s
Just over a month ago, economists were so frightened of a potential recession they refused to call it by its name. The dreaded R word kept…
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Tariffs on car parts entering the US come into force
A 25% import tax on engines, transmissions and other key car parts has come into force in the US, raising pressure on an industry finding…
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…
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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…
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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…
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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…
Fashion
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…
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Automakers could still face up to US$12,000 impact per car from tariffs
A Michigan-based economic consulting group said on Thursday that automakers will still face a US$2,000 to US$12,000 tariff impact per…
News
Apple braces for $900m blow from Trump tariffs
Lily Jamali North America Technology Correspondent Natalie Sherman Business reporter Tariffs on goods coming into the US will add nearly a…
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52% of frontline workers think they could lose their jobs over tariffs
The Trump administration has framed tariffs as a necessary tool for bringing more jobs to the U.S. and reviving the manufacturing sector.…
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…
News
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…
Business
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…
Business
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
Airbus tells US airlines they’ll need to pay their own tariffs
Airbus said it will not cover the cost of tariffs on its planes imported by US airlines, setting up a clash with carriers unwilling to…
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Trump says tariffs will force 'transition period' on some companies, promises to be 'flexible'
President Trump said there will be a "transition period" for some companies as his tariffs work themselves out and encourage greater…
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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…