Tariffs
As the Trump administration's tariffs continue to take effect, Ohio's automotive industry is facing significant challenges. The Big Three automakers, who employ 86,000 workers in vehicle and parts manufacturing in the state, are grappling with escalating costs and tumbling profits. The cumulative tariff costs for
Tariffs
As the national conversation around tariffs intensifies, small business owners are feeling the strain of rising costs, supply chain disruptions, and tough pricing decisions. Despite their concerns, many are adapting quietly, with 58% raising prices and 29% absorbing the costs themselves. However, with 51% saying they can only do so
Tariffs
A major transatlantic trade deal has been struck between the US and EU, averting a potential trade war. The agreement was reached after a meeting between US President Donald Trump and European Commission President Ursula von der Leyen at Trump's Turnberry golf resort in Scotland. As part of
Tariffs
The European Union and the United States have agreed to a trade deal that will ease uncertainty in transatlantic trade relations. The agreement, while welcome, retains higher tariffs on automobiles and automotive parts, which will continue to negatively impact industries in both the EU and the US. The European Automobile
Tariffs
A bipartisan group of Senators, led by Senator Susan Collins (R-Maine), has introduced legislation to exempt small businesses in the United States from tariffs imposed on Canadian imports. The Creating Access to Necessary American-Canadian Duty Adjustments (CANADA) Act aims to shield small businesses from unnecessary economic harm caused by tariffs,
Tariffs
In the early months of 2023, there was near-universal agreement that President Donald Trump's tariffs would trigger stagflation and strengthen the dollar. Economists and commentators alike predicted that every percentage point increase in tariff rates would shave off 0.1 percent from US growth and add 0.1
Tariffs
President Trump's decade-long quest for a protectionist trade policy seems to be yielding results, as major trading partners, including the European Union and Japan, agree to accept higher tariffs on their goods in exchange for access to the US market. However, critics warn that these deals may come
Tariffs
Italian Prime Minister Giorgia Meloni's welcome of the new EU-US trade agreement has sparked a heated debate in Italy and across Europe, with critics arguing that the deal concedes too much to the United States and jeopardizes billions in exports and hundreds of thousands of jobs. The agreement,
Tariffs
As the August 1 deadline approaches for a Canada-US trade deal, Prime Minister Justin Trudeau faces a daunting challenge: managing the politics of concession. With President Donald Trump's trade threats looming, Mr. Trudeau has been working to lower expectations, indicating that a deal will likely include some tariffs.
Tariffs
European stock markets surged to four-month highs after the EU and US announced a trade deal, but not everyone is celebrating the agreement. While the deal avoids a full-scale trade war, Brussels compromised on tariffs, committing $600 billion in investment to the US, and levying a 15% tariff on most
Tariffs
Audi, the German premium carmaker, announced a significant decline in net profit for the first half of 2025, primarily attributed to the impact of US auto tariffs that came into effect in April. The company's net profit fell to 1.35 billion euros, a 37.5 percent drop
Tariffs
The European Union's recent trade deal with the United States, including 15 percent across-the-board tariffs, has been welcomed by Czech Industry and Trade Minister Lukas Vlcek as crucial stability and predictability for trade. The agreement, which has been touted as good news for Czechia's heavily export-dependent
