This is Beirut, 05:15 - Reading : 3 minute(s)
Ford United States Economy Tariffs
Ford reported a 65 percent drop in first-quarter profits Monday, citing a near-term drag on auto sales from new vehicle launches, as it withdrew its forecast amid tariff uncertainty. The carmaker estimated a full-year net hit of about $1.5 billion in adjusted operating earnings following President Donald Trump's myriad tariff actions since ...
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 ...
This is Beirut, 17/04 05:20 - Reading : 3 minute(s)
United States California Government Justice Tariffs
California is suing the federal government over Donald Trump's on-again-off-again tariffs, the governor and attorney general said Wednesday, claiming the American president does not have the right to impose them. The move marks the strongest pushback yet against a tariff roll-out that has sent global stock markets into meltdown, and left ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
This is Beirut, 13/04 17:20 - Reading : 3 minute(s)
United States China Tariffs Donald Trump
China on Sunday called on the United States to "completely cancel" its reciprocal tariffs after Washington announced exemptions for consumer electronics and key chipmaking equipment. "We urge the US to... take a big step to correct its mistakes, completely cancel the wrong practice of 'reciprocal tariffs,' and return to the ...
This is Beirut, 12/04 17:37 - Reading : 1 minute(s)
Donald Trump United States Tariffs
The Trump administration has exempted smartphones, computers, and other electronics from its punishing "reciprocal" tariffs -- lessening the cost impact on American consumers for a host of popular high-tech products. The exemptions, published late Friday in a notice by the US Customs and Border Protection office, cover various ...
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 ...