Tariffs

GM Cuts 2025 Outlook, Projects up to $5 bn Hit From Tariffs

This is Beirut, 01/05 15:05 - Reading : 1 minute(s)

Donald Trump United States USA GM Tariffs

General Motors on Thursday lowered its 2025 earnings outlook and said it expects a $4-5 billion hit from US President Donald Trump's tariffs, despite moves this week to dampen the blow. On Tuesday, Trump signed an executive order to limit the impact of multiple overlapping tariffs on automakers. He also released a proclamation that gives the ...

When the Giants of Chic Face Uncertainty

Christiane Tager, 16/04 22:35 - Reading : 2 minute(s)

United States luxury Hermes china tariffs

The world of luxury may shine bright, but it’s not immune to economic storms. On Tuesday, the biggest names – Kering, Hermès and LVMH – saw their shares take a hit, with a stock market slump that was anything but glamorous. The biggest blow went to LVMH, whose first-quarter 2025 results showed a 2% drop in revenue. It’s the first slap in ...

Trump to Meet Japan Envoy for Tariff Negotiations

This is Beirut, 16/04 14:25 - Reading : 3 minute(s)

US Treasury Japan Tariffs Donald Trump

US President Donald Trump said he will join negotiations on Wednesday with Japan's envoy for tariffs, after both countries expressed confidence in striking a mutually beneficial outcome. Trump issued a 90-day pause last week on his 24-percent tariffs on Japan, the biggest investor into the United States and its close strategic and economic ...

Trump Says 'Ball is in China's Court' on Tariffs

This is Beirut, 15/04 21:35 - Reading : 1 minute(s)

Donald Trump China United States Tariffs

US President Donald Trump believes it is up to China, not the United States, to come to the negotiating table on trade, the White House said Tuesday as tensions escalate between the world's two biggest economies. "The ball is in China's court. China needs to make a deal with us. We don't have to make a deal with them," said ...

US Opens Door to Tariffs on Pharma, Semiconductors

This is Beirut, 15/04 05:20 - Reading : 4 minute(s)

United States Donald Trump Tariffs Markets

The United States opened the door Monday to tariffs targeting high-end technology and pharmaceuticals, feeding the uncertainty gripping the global economy in a trade war that Chinese leader Xi Jinping warned can have "no winner." After weeks of indications such a move was coming, the US Commerce secretary formally announced ...

EU Tariffs on US Goods Suspended Until July 14

This is Beirut, 14/04 19:15 - Reading : 1 minute(s)

United States European Union Tariffs

The EU's retaliatory tariffs on US goods worth 21 billion euros will be on hold until July 14, Brussels said on Monday, to give time for negotiations with Washington. The European Union was hit with a 20 percent rate as part of Trump's sweeping tariffs on April 2, before he suspended the measures for 90 days a week later. To give breathing room ...

Trump Says no One 'Off the Hook' on Tariffs but Markets Rise

This is Beirut, 14/04 11:48 - Reading : 4 minute(s)

United States Donald Trump China Market Tariffs

Markets on Monday welcomed a US tariffs reprieve for electronics, but President Donald Trump warned no country would get "off the hook" in his trade war -- especially China. The world's two largest economies have been locked in a fast-moving game of brinkmanship since Trump launched a global tariff assault that particularly targeted ...

Trump Claims Victory Over Europe but Acknowledges Cost of Trade War

This is Beirut, 10/04 22:50 - Reading : 3 minute(s)

Donald Trump China Tariffs Europe

US President Donald Trump claimed victory over Europe in the US tariffs war but acknowledged a "cost" to his surging trade offensive against superpower rival China as markets plunged again Thursday. Trump sought a victory lap at a White House cabinet meeting, saying the European Union had backed off from imposing retaliatory tariffs because of ...

EU Pauses Tariffs as Trump Eases Trade Pressure, China Left in the Crosshairs

This is Beirut, 10/04 18:00 - Reading : 4 minute(s)

Donald Trump European Union China Tariffs

The EU paused plans for retaliatory tariffs on US goods Thursday after President Donald Trump abruptly suspended higher US duties on the bloc and other countries, leaving China in the crosshairs of his trade war. Trump's about-face on Wednesday triggered a massive market rebound, but Wall Street's rally fizzled on Thursday, and the dollar slumped ...

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