Tag:

Tariffs

Volkswagen says tariffs cost $5.9 billion annually, CEO warns

Volkswagen AG has warned that tariffs are significantly impacting its profitability, with Chief Executive Oliver Blume estimating an annual operating profit hit of around €5 billion ($5.88 billion).

06 May 2026-12:56
BMW earnings drop 25% despite beating forecasts

BMW reported a 25% drop in pre-tax earnings in the first quarter, highlighting ongoing pressure from tariffs and weaker demand in key markets such as China.

06 May 2026-09:39
German car stocks fall after Trump raises auto tariffs

Shares of major German automakers fell on Monday after U.S. President Donald Trump announced a sharp increase in tariffs on car imports, raising duties to 25% from a previously agreed 15%.

04 May 2026-11:46
Trump warns of 25% tariff hike on EU cars and trucks

US President Donald Trump announced his intention to increase tariffs on cars and trucks imported into the US from the European Union to 25%.

01 May 2026-21:44
China offers tariff-free trade to almost all African nations

China's State Council tariff commission announced earlier this week that the zero-tariff treatment will remain in effect until April 30, 2028.

01 May 2026-18:39
Trump threatens tariffs on UK over digital services tax

24 Apr 2026-12:29
Higher US tariffs push Japan into fifth-year trade deficit

22 Apr 2026-12:59
Colombia to hike tariffs on Ecuador to 100% in retaliation

Colombia announced on Friday that it will impose a 100% tariff on imports from Ecuador in retaliation for Quito's decision to raise its customs duties from 50% to 100% starting May 1.

11 Apr 2026-14:21
Toyota pushes EV growth amid rising US tariffs

Toyota is ramping up its focus on electric vehicles and expanding U.S. manufacturing as rising tariffs increase costs for automakers, even as the company builds on strong recent sales momentum.

03 Apr 2026-09:11
Trump revises metal tariffs to ease compliance and cut duties on some products

US President Donald Trump has announced adjustments to national security tariffs on steel, aluminium and copper imports, aiming to simplify the system and reduce duties on certain manufactured goods.

02 Apr 2026-23:55

Prev Next