Trump suggests 50% tariffs on EU by June 1
May 23 (UPI) -- U.S. President Donald Trump on Friday recommended new tariffs on the European Union, citing difficulties trading with the bloc. Trump, in…
As tariffs loom, Walmart says it will cut 1.5K corporate jobs
May 22 (UPI) -- Walmart has announced plans to lay off 1,500 corporate employees, part of what it calls a restructuring as it weighs plans…
EU backs tariffs on fertiliser imports from Russia, Belarus | Russia-Ukraine war News
European Parliament backs bill that will enact duties in July and gradually increase them over three years.The European Parliament has voted to impose tariffs on…
Target cuts annual forecast as tariffs, boycotts weigh on sales | Business and Economy
Target has slashed its annual forecasts amid a pullback in discretionary spending due to tariff-driven uncertainty and a backlash against shifts in its diversity, equity…
Tesla CEO Elon Musk says he will spend ‘a lot less’ on future political campaigns
By Tina Teng Published on 21/05/2025 - 6:56 GMT+2ADVERTISEMENTTesla CEO Elon Musk said he intends to significantly reduce his political spending in future campaigns, during an…
Trump’s tariffs are failing, but the old model won’t save us either | Business and Economy
On May 12, the United States and China announced that they are putting reciprocal tariffs on pause for 90 days. Some tariffs will be retained while…
Trump administration eyes regional tariffs as global deal deadline looms
Treasury Secretary Scott Bessent, pictured speaking last month during a Congressional hearing, on Sunday called the Moody's downgrading of the United States' credit rating a…
‘Eat the tariffs,’ Trump tells Walmart and China
May 17 (UPI) -- A recent Walmart earnings report citing tariffs aa a potential reason for raising prices promoted President Donald Trump to tell the…
Trump’s auto tariffs reignite concerns about GM’s future in South Korea
SEOUL — In South Korea, the Trump administration’s 25% tariff on imported cars has sent local automakers Hyundai and Kia scrambling to protect one of the country’s…
Largest US retailer Walmart warns of price hikes because of tariffs | Trade War News
Walmart, the world’s largest retailer, will have to start raising prices later this month due to the high cost of tariffs, executives have warned in…
Could EU tariffs against Russia bring a ceasefire for Ukraine? | Russia-Ukraine war News
Brussels is drawing up plans to use trade tariffs and capital controls to maintain financial pressure on Russia, even if Hungary decides to use its…
Newsom claims Trump’s tariffs will reduce California revenues by $16 billion
SACRAMENTO — Gov. Gavin Newsom’s Office said Tuesday that President Trump’s tariff policies will reduce state revenues in California by $16 billion through next year. Despite personal…
California to ask federal judge for sweeping pause to Trump’s tariffs
WASHINGTON — The California attorney general’s office said Tuesday it will seek a preliminary injunction in its case challenging President Trump’s tariff policy, a move that could…
Investors cautious as Trump says China removing non-tariff trade barriers
ADVERTISEMENTSpeaking after the trade talks, US President Donald Trump told reporters at the White House on Monday: “China will also suspend and remove all of…
US and China agree to slash tariffs as trade war eases
Nick Edser, Jonathan Josephs & Lucy HookerBusiness reporters, BBC NewsWatch the moment US Treasury Secretary Scott Bessent announces the tariff reductionShare markets jumped on Monday…
As tariffs stoke economic fear around the world, Puerto Rico sees opportunity
SAN JUAN, Puerto Rico — As a trade war sparked by President Trump’s tariffs stokes worry and uncertainty in the global economy, Puerto Rico sees an opportunity.…
China and US agree to ease tariffs for 90 days as trade war talks extended | Trade War News
Some ‘reciprocal’ tariffs and duties are being rolled back in favour of ‘mutually beneficial’ talks.China and the United States have agreed to suspend some of…
U.S. and China agree to pause most tariffs for 90 days to allow for talks to continue
May 12 (UPI) -- The United States and China said Monday that they have reached an agreement to cut most of their tariffs for 90…
Stocks jump, gold tumbles as US and China trade talks progress
ADVERTISEMENTRisk-on sentiment continued to dominate global market trends during Monday’s Asian session after officials from the US and China signalled “substantial progress” following two days…
Lutnick: Trump administration to keep 10% tariffs for ‘foreseeable future’
May 11 (UPI) -- U.S. Commerce Secretary Howard Lutnick said on Sunday that the administration of President Donald Trump would keep the 10% baseline tariffs…