An employee works on a vehicle crankshaft production line at a factory which produces engine parts in Binzhou, in eastern China’s Shandong province on March 14, 2025. Str | Afp | Getty Images China’s industrial profits rose in April from a year earlier, official data showed Tuesday, despite prohibitive U.S. tariffs and persistent deflationary pressures….
President Donald Trump meets with European Commission President Ursula von Der Leyen at the World Economic Forum, Tuesday, Jan. 21, 2020, in Davos, Switzerland. Evan Vucci | AP Photo Investors should “buckle up” for more volatility as the potential for a trade war has not completely dissipated despite U.S. President Donald Trump’s delay of rolling…
U.S. President Donald Trump gives a speech, during the commencement ceremony at West Point Military Academy in West Point, New York, U.S., May 24, 2025. Nathan Howard | Reuters If U.S. President Donald Trump follows up on his threat of 50% tariffs on the European Union, he’d be imposing higher duties on America’s ally compared…
Though the difference between the two brands’ monthly sales totals is relatively small, the implications of BYD beating out Tesla “are enormous,” says Felipe Munoz, global automotive analyst at JATO Dynamics. Jaap Arriens | Nurphoto | Getty Images Despite incurring a higher tariff rate than Tesla, Chinese electric vehicle maker BYD sold more pure battery…
Barclays CEO C. S. Venkatakrishnan speak during the Barclays Sustainable Finance conference in New York City, U.S., March 19, 2024. Brendan McDermid | Reuters Washington’s protectionist trade policies are posing a “real challenge” to European nations as they seek to raise their security contributions, according to Barclays CEO C. S. Venkatakrishnan. “I think Europe has…
Nike is set to raise prices on some trainers and clothing from 1 June, weeks after rival Adidas warned it would have to hike the cost of products due to US tariffs. The sportswear giant did not name US tariffs explicitly as a reason for the increase, saying it regularly made “price adjustments”. Almost all…
People shop at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty Images President Donald Trump blasted Walmart on Saturday after the country’s largest retailer warned this week that it will have to raise prices because of tariffs. “Walmart should STOP trying to blame Tariffs as the reason…
US President Donald Trump has said that India has offered to drop all tariffs on goods imported from his country. The Indian government has “offered us a deal where basically they are willing to literally charge us no tariff”, Trump said at an event in Doha. India and the US are currently in talks to…
U.S. President Donald Trump’s tariff pause gives Temu and Shein a temporary window of opportunity to restock U.S.-based warehouses and re-evaluate their supply chain management, experts and insiders say. On Monday, the U.S. and China agreed to lower tariffs on most Chinese imports to 30% for 90 days. The agreement included a so-called “de minimis”…
The U.K. and U.S. agreed to a landmark trade deal on Thursday — yet the agreement appears to be far from free of tariffs. The deal is the first made by the United States since President Donald Trump unveiled his so-called reciprocal tariffs on countries around the world last month. The United Kingdom’s position as…
