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.

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.

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.

US President Donald J. Trump has announced sweeping new tariffs on patented pharmaceutical products and their ingredients, invoking national security powers under Section 232 of the Trade Expansion Act of 1962.

The government has finalized the legal text of the U.K.-U.S. pharmaceutical deal, securing a commitment to boost the amount spent by Britain’s National Health Service on new medicines in exchange for zero tariffs.

Italian sports carmaker Lamborghini reported weaker earnings for 2025 despite record revenue, citing U.S. tariffs, currency fluctuations, and costs from scrapping its planned first fully electric vehicle.

German automaker BMW expects its earnings to decline moderately in 2026, warning that rising global trade barriers and tariffs will weigh on its core automotive business.

German automaker Volkswagen plans to cut 50,000 jobs by 2030 after reporting a 54% drop in pre-tax profits.