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Trump, tariff
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Trump, Scotland
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Donald Trump is meeting Sunday with European Commission President Ursula von der Leyen, taking a break from golfing in Scotland to discuss trade as both sides seek an agreement on tariff rates now that the White House's deadline to impose stiff tariff rates is looming.
A federal appeals court will soon hear oral arguments in a high-profile lawsuit challenging Trump's authority to impose sweeping "reciprocal" tariffs. The case is the furthest along of more than half a dozen federal cases targeting Trump's imposition of tariffs using an emergency-powers law known as IEEPA.
A slew of countries will face steep levies, including a 50% tariff on imports from Brazil and a 30% tariff on the European Union.
The Trump administration’s decision to impose a 17% duty on fresh tomatoes imported from Mexico has created a dilemma for the country providing more tomatoes to U.S. consumers than any other. The import tax that began July 14 is just the latest protectionist move by an administration that has threatened dozens of
President Trump said he's considering using money generated by U.S. tariffs on imports to offer a "little rebate" to Americans.
Trump has been busy in July, with a deal to bring real sugar back to (some) Coke recipes, a visit to the Federal Reserve, and demands about a sports team nickname.
A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.
With the Trump administration setting 15% as a floor for tariffs, companies and economists are warning of higher prices later this year.
President Donald Trump’s tariffs cost German auto giant Volkswagen about $1.5 billion over the first half of 2025, the company said on Friday. Sales in North America plunged 16% due primarily to U.S. tariffs, said Volkswagen, which owns a host of brands including Audi, Lamborghini and Porsche.
Hungary's populist prime minister has spent years building a close political relationship with U.S. President Donald Trump and aligning himself with the MAGA movement. But despite Viktor Orbán's success in gaining favor with the culturally conservative and nationalist wing of Trump's administration,
Analysts expect carmakers’ cash flows generated from their automotive business to be squeezed. They are likely to fall from €9.4bn last year to €3bn at Mercedes-Benz; from €7.1bn to €3.5bn at Volkswagen; and €4.8bn to €4.4bn for BMW, according to data from Visible Alpha.
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