Tariffs
President Donald Trump's tweet threatening to impose a 25% tariff on all Apple products unless they are made in the US sent shares of the tech giant into a brief dive, falling 3.5% in futures markets. However, the stock bounced back 2.8% in early trading as
Tariffs
President Trump escalated tensions with the European Union on Friday, warning that he would impose a 50 percent tariff on imports from the bloc unless they agreed to renegotiate trade terms. The move is the latest example of the president's ongoing effort to renegotiate trade deals and promote
Tariffs
As the Trump administration's trade policies continue to take a toll on the economy, a growing number of companies, including Walmart, Mattel, and Best Buy, are warning that prices may soon rise for American consumers. The latest optimism-killer is Walmart, which announced that select goods could soon cost
Tariffs
With the US imposing tariffs, Reserve Bank of Australia Governor Michele Bullock noted that central banks face "shifting and unusual uncertainty". The challenge is to balance the opposing forces of inflation and global growth, which are being shaped by political decisions rather than economic fundamentals. This leaves central
Tariffs
The European automotive market, already impacted by a shrinking demand and increasing competition in China, took another hit as Volkswagen assured investors of growth potential in the US market. However, Donald Trump's volley of tariffs, particularly a 25 per cent levy on car imports, has dampened the company&
Tariffs
As the world's automakers struggle with slowing growth in electric vehicle sales, Stellantis NV, the parent company of Dodge, has announced that it will postpone production of the 2026 electric Dodge Charger R/T at its Windsor, Ont., assembly plant due to US tariffs on Canadian-made cars. This
Tariffs
Africa's economic development is poised to suffer significant setbacks as the United States imposes higher tariffs on the continent. African Development Bank Group President Dr. Akinwumi Adesina has warned that 47 out of 54 countries will be directly impacted by the new U.S. trade policies, with potential
Tariffs
The recently signed India-UK Free Trade Agreement (FTA) is expected to bring significant benefits to consumers in India, including a reduction in scotch whisky prices. Diageo Plc, the global leader in spirits, anticipates that the implementation of the FTA will be completed in fiscal 2027, leading to lower import duties
Tariffs
Hakan Samuelsson, the newly reinstated CEO of Volvo Cars, remains committed to the company's electric transition despite challenges from a global trade war and slower-than-expected growth in battery-powered cars. A year before stepping down, Samuelsson pledged that Volvo would go fully electric by 2030, but the company has
Tariffs
The auto industry is entangled in a complex web of tariffs, with multiple layers of regulations and evolving policies creating uncertainty for importers and businesses alike. The recent surge in tariffs has led to a plethora of questions and frustration, with many seeking clarification on the application of tariffs to
Tariffs
Fitch Ratings' analysis of the U.S. tariffs on imported autos and automotive parts indicates that these measures will lead to increased used car prices and demand, ultimately supporting auto loan and lease recoveries and residual values. However, this comes at the cost of higher default frequencies from borrowers
Tariffs
Japan's top automotive companies, including Toyota, Honda, and Sony, could face significant losses due to the ongoing US-China trade tensions, with some estimates suggesting a total hit of up to Y4tn (approximately $27.6bn) in the current full-year earnings season. The pressure is mounting on Japan's
