The German automaker said that the U.S. import duties erased about $1.5 billion from its profit in the first half of the year.
Category: International Trade and World Market
-
The World Has Too Much Steel, but No One Wants to Stop Making It
A global plunge in prices, led by increased production from China, and U.S. tariffs threaten steel manufacturing, which has long been a symbol of national might.
-
Europe Nears U.S. Trade Deal, but Stands Ready to Retaliate
Nearly every member of the European Union supports a plan to hit back against President Trump’s tariffs if no agreement is reached.
-
E.C.B. Pauses Rate-Cutting Campaign, as Trade Disputes Cloud Outlook
After eight consecutive cuts, policymakers held interest rates steady, noting that “the environment remains exceptionally uncertain.”
-
South Korea Jockeys for a Deal With Trump at Least as Good as Japan’s
The agreement Japan secured has added pressure on South Korea to defuse the threat of high tariffs on its exports to the United States.
-
How Trump’s Japan Deal Could Give Japanese Cars a Leg Up in the US
President Trump’s 15 percent tariff on cars from Japan has angered U.S. automakers, which make cars in Canada and Mexico subject to 25 percent tariffs.
-
Chinese and European Leaders Meet Amid Grievances on Trade
European Union officials are set for a summit with China’s top leaders. China’s support of Russia and a long list of trade disputes are on the agenda.
-
Trump’s Tariffs Are the Highest in a Century. But After His Threats, They Seem Like a Relief.
The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up.
-
Tesla Expected to Report Falling Profit as Car Sales Fall
Elon Musk has said that robotaxis are the company’s future, but most revenue still comes from cars.
-
Global Markets Rally on Japan Deal Euphoria
But more big tests loom with trade talks still continuing between the Trump administration and counterparts in China and the European Union.
-
Behind Japan’s Trade Deal: 8 Rounds of Talks and ‘Hurrying Slowly’
After months of fraught negotiations with the United States, Japan clinched a deal just days before punitive tariffs were scheduled to take effect.