Trump on tariffs hearing in US Supreme Court
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Trump, Tariffs
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Jobs at Aston Martin could be at risk over US tariffs and weak demand in China, the company has warned. The luxury carmaker employs up to 700 people at its St Athan manufacturing plant in the Vale of Glamorgan. In a statement, Aston Martin said any impact on jobs would involve "appropriate consultation" with unions.
Nowhere is the toll of Trump’s trade policies more apparent than in Canada’s manufacturing heartland in the provinces of Ontario and Quebec.
China’s exports have declined for the first time since the US unleashed its “liberation day” tariffs in April, highlighting the impact of months of trade tensions even as the two powers struck a truce.
The IKEA brand owner said operating profit for the financial year ended August 31 was 1.7 billion euros ($1.98 billion), down from 2.3 billion euros the year before, while revenue fell to 26.3 billion euros from 26.5 billion euros, after it cut prices.
Honda has reported a 37% drop in profit for the first fiscal half through September. The impact of tariffs from President Donald Trump and unfavorable currency rates offset strong motorcycle sales.
Competition, whether from overseas rivals or second-hand goods, has kept the price of furniture relatively low. New tariffs may boost U.S. makers — and raise prices.
1don MSN
SCOTUS ruling tariffs illegal would be positive for equities, says Deutsche Bank's Binky Chadha
Binky Chadha, Deutsche Bank chief global strategist, and Peter Boockar, One Point BFG Wealth Partners CIO, joins 'The Exchange' to discuss the SCOTUS' decision on tariffs, if bond yields could soon spike and much more.
Revenue is why President Trump loves tariffs. For years he has dreamed of charging other countries for the privilege of selling to the U.S. He has [boasted of the cash](