Culture
PlayStation prices rise as US tariffs bite
SONY on Wednesday said it is bumping up the price of PlayStation 5 video game consoles by US$50 in the United States due to a “challenging…
Tag
Tariffs
News
Trump Tries to Blame Rising Energy Prices on Anything But His Tariffs
“He’s a good man, he’s in there fighting. He’s fighting, you know they’re trying to put him in jail on top of everything else. How about…
News
Video: How Tariffs Will Affect This Unique Cheese
new video loaded: How Tariffs Will Affect This Unique Cheese By Eshe Nelson, Nikolay Nikolov, Laura Salaberry, Emli Bendixen and Jon…
Culture
Estee Lauder forecasts annual profit below estimates as tariffs hit
Estee’s organic net sales for the fourth quarter fell 13%, compared with an 8% rise a year ago Estee Lauder forecast annual profit below…
Culture
US hikes steel, aluminium tariffs on imported appliances, railcars, EV parts
The US Commerce Department said on Tuesday (Aug 19) that it is hiking steel and aluminium tariffs on more than 400 products, including…
News
MAGA Rep’s Town Hall Derails Over Her Support for Trump Tariffs
Summer recess is turning out to be a crude wake-up call for Republican lawmakers, who appear to be learning just how much their…
News
In Wake of Trump Tariffs, John Deere Announces Mass Layoffs
“But I think it’d be going too far to say that Putin has agreed to a meeting with Zelenskiy,” Rogin added. “In fact, the Kremlin put out a…
Culture
Malaysia’s growth could slow by up to 1.2 percentage points due to US tariffs: trade ministry
Malaysia’s economic growth is projected to slow by approximately 0.6 to 1.2 percentage points this year due to US tariffs, the country’s…
Culture
China’s SMIC says Trump tariffs did not cause expected ‘hard landing’
China’s top foundry Semiconductor Manufacturing International Corporation (SMIC) said on Friday (Aug 8) US tariff policy had not led to a…
Culture
South Korea says Samsung, SK Hynix will not be subject to 100% US chip tariffs
South Korea’s top trade envoy Yeo Han-koo said on Thursday that Samsung Electronics and SK Hynix will not be subject to 100 per cent US…
Culture
Honda posts 50% fall in Q1 operating profit on tariffs, lifts full-year forecast
The automaker says full-year operating profit took a smaller hit from tariffs than initially projected in May Honda Motor reported a 50…
Culture
Asia: Markets fluctuate as traders weigh tariffs, US jobs
Asian markets flitted between gains and losses on Monday as investors continued to digest last week’s tariff blitz by Donald Trump and a…
Culture
Wall Street banks lose ground in Europe as tariffs spook clients
AS US President Donald Trump has ratcheted up his rhetoric against trading partners in Europe, corporates across the continent are taking…
Culture
As Trump’s tariffs bite, investors should ensure the companies they own have strong fundamentals
It seemed like Groundhog Day again when US President Donald Trump unveiled revised reciprocal tariffs on imports from dozens of countries…
Culture
Europe: Shares log biggest daily drop since April after US tariffs hike
European stocks logged their biggest one-day drop in over three months on Friday (Aug 1), at the end of a busy week as investors grappled…
Culture
US: Wall St sell-off sparked by Trump tariffs, Amazon results, weak payrolls
Wall Street’s main indexes declined sharply on Friday (Aug 1) as new US tariffs on dozens of trading partners and Amazon’s unimpressive…
Culture
BOJ warns US tariffs could hit firms' profits, delay capex plans
Profits of Japanese firms are likely to fall this year because of US tariffs, leading them to downgrade capital expenditure plans, the…
Culture
OCBC warns of greater challenges in H2 as ‘chain reaction’ from US tariffs unfolds
While OCBC posted “stronger than anticipated” results in the first half of 2025, the lender will likely face more challenges in the second…
Culture
US tariffs’ direct impact on Singapore ‘contained’, but semiconductors and pharmaceuticals still under threat: analysts
The direct downside impact of US tariffs on Singapore’s economy should be “contained”, but threats from sectoral tariffs against…
Culture
Britain says EU is removing tariffs on steel under quota
Britain said the European Union will remove tariffs on key steel products under a quota system from Friday as part of a reset of ties and…
Culture
Europe: Stocks end at over one-week low; beverage makers hurt by US tariffs
EUROPEAN shares closed at a more than one-week low on Thursday, as investors were disappointed by a series of corporate reports from the…
News
Mexican President Gets Trump to Cave Yet Again on Tariffs Deadline
Lawyers alleged that the department’s new rule violated Section 527 of the 2024 DHS appropriations bill, as incorporated by the fiscal…
Culture
Shein revenue neared US$10 billion in first quarter before tariffs: sources
Shein Group’s net income rose to over US$400 million and revenue was almost US$10 billion in the first quarter as consumers snapped up the…
Culture
Adidas reports hit from US tariffs
German sportswear giant Adidas said on Wednesday (Jul 30) it took a hit from US tariffs in the second quarter but did not indicate whether…