Keywords: Tariffs


Volkswagen expects limited benefit from possible U.S. tariff refunds, CFO says

Volkswagen AG is expected to see only limited financial relief even if it succeeds in securing refunds on U.S. import tariffs, according to the company’s chief financial officer. Speaking on Thursday, CFO Arno Antlitz said that any potential reimbursement linked to tariffs imposed by the United......

General Motors reports 22% rise in core profit driven by strong US truck sales

General Motors reported a strong increase in its first-quarter performance, with core profit rising by 22% year-on-year, supported by solid demand in the US truck market and improved profit margins in North America. The Detroit-based automaker posted earnings before interest and taxes of $4.3 billion,......

African firms rush to prepare for China's zero-tariff regime starting May 1

China's plan to eliminate customs duties on imports from 53 African nations takes effect May 1, just weeks away, reshaping trade diplomacy across two continents. The move draws sharp reactions from Western capitals viewing it as Beijing expanding economic sway under a development banner. President......

Trump warns China of steep tariffs over potential military support to Iran

U.S. President Donald Trump has warned that China could face heavy trade penalties if it provides military assistance to Iran amid the ongoing regional conflict. Speaking in a televised interview, Trump stated that Washington could impose tariffs of up to 50% on Chinese goods if Beijing were found to......

PS6 leak suggests three console models with prices up to $949

A new leak outlines a potential three-device lineup for Sony’s next-generation PlayStation, with estimated prices ranging from $399 to as high as $949 depending on tariffs. The projections come from hardware analysis shared by Moore's Law is Dead and reported by multiple outlets. The lineup......

Porsche deliveries fall 15% as China slowdown and US tariffs bite

Porsche AG reported a 15% drop in global deliveries in the first quarter, with volumes falling to 60,991 vehicles from 71,470 a year earlier, as the German carmaker faced weaker demand in China and mounting pressure from new US import tariffs. The results, released on April 10, confirm a continued decline......

Erste Group cuts Toyota to "hold" on tariff drag and slowing US sales

Erste Group Bank downgraded Toyota Motor from "buy" to "hold" on Thursday, citing near-term growth headwinds as the Japanese automaker contends with weakening U.S. sales and the sustained impact of tariffs on its profitability. Analyst Hans Engel pointed to a slowdown in revenue......

WTO talks stall as U.S.-India divide over e-commerce duties persists

Negotiations at the World Trade Organization have reached a critical impasse as ministers enter the final day of discussions without a clear agreement on key reform issues, particularly the future of digital trade rules. Talks are taking place during a high-level ministerial meeting in Yaounde, where......

EU trade commissioner discusses critical minerals and tariffs with US counterpart

The European Union's Trade Commissioner, Maros Sefcovic, held a “very positive” meeting with U.S. Trade Representative Jamieson Greer on the sidelines of the World Trade Organization (WTO) ministerial in Cameroon on Saturday. The discussions focused on advancing cooperation on critical......