News
Trump’s Tariffs Give CEOs New Ways to Swindle Americans
America’s business class is openly admitting to using the president’s tariffs as “great cover” for its rising prices. A report published…
Tag
Tariffs
Culture
Kia aims to win US market share as tariffs force rivals to pull back
South Korea’s Kia Corp said on Friday (Jul 25) that it aims to increase its US sales and market share in the second half, driven by sales…
Culture
VW cuts outlook after US tariffs added 1.3 billion euros in costs
Volkswagen lowered its financial outlook for the year, with the escalating cost of President Donald Trump’s tariffs weighing on earnings…
Culture
Stellantis expects US$2.7 billion first half loss as restructuring costs, US tariffs hit
Stellantis said on Monday (Jul 21) it expected the hit from restructuring costs and the initial impact of US tariffs to have pushed the…
Culture
Trump tariffs to decimate China profits: analysis
Most of China’s industries cannot survive US President Donald Trump’s tariffs at current levels, according to a new analysis by Bloomberg…
Culture
Porsche plans more cost cuts to counter tariffs, China slump
It will start negotiations on additional reductions in the second half of this year [Stuttgart] Porsche warned its employees to brace for…
Culture
Japan’s SMEs ready to adapt to Trump tariffs
Small and medium-sized (SME) firms such as Mitsuwa Electric that form the backbone of Japan’s economy have weathered many storms over the…
Culture
Volvo Car posts US$1 billion loss over impairment, tariffs
The automaker’s retail sales plunged 12% to 181,600 vehicles in the second quarter Volvo Car posted a US$1.03 billion operating loss in…
Culture
US tariffs could have pandemic-like impact on planemaker Embraer, CEO says
The 50 per cent tariff that US President Donald Trump plans to impose on Brazilian exports starting in August could hammer the revenue of…
News
It’s Official: Trump’s Tariffs Are Driving Up Inflation
The Supreme Court has cleared the way for Trump to destroy the Department of Education. Until Monday, a lower court’s injunction had…
Culture
Despite tariffs, it’s still America first for Asia’s legacy automakers
[SEOUL/TOKYO] Toyota and Hyundai Motor may have a beef with US protectionism, but they have one thing in common with US President Donald…
Culture
US markets grapple with tariffs as bullish trends emerge
US equity markets showed a mixed mid-day performance on Thursday (Jul 10) as investors weighed President Donald Trump’s new tariff…
Culture
Oil rises over 2% as investors weigh market outlook, tariffs, sanctions
Oil prices rose over 2 per cent on Friday (Jul 11) as the International Energy Agency (IEA) said the market was tighter than it appears,…
Culture
Europe: Stocks down with bank and healthcare drag, US-EU tariffs in focus
European shares closed lower on Friday (Jul 11), as losses in banks and healthcare stocks weighed at the end of a week marred by US…
Culture
PBOC adviser urges 1.5 trillion yuan stimulus to counter US tariffs
China should add as much as 1.5 trillion yuan (S$268 billion) in fresh stimulus to boost consumer spending and maintain currency…
Culture
Even 190% tariffs can’t shake US shoemaker’s reliance on China
When a US$80,000 tariff bill landed on her desk in May, Haley Pavone did what many small business owners might do: she froze hiring and…
Culture
Gold rises after Trump announces fresh tariffs on Canada, tariff threats to others
Gold rose on Friday (Jul 11) after US President Donald Trump announced new tariffs on Canadian imports and issued broader tariff threats…
Culture
Trump puts 35% tariff on Canada, eyes 15%-20% tariffs for others
President Donald Trump said on Thursday the United States would impose a 35 per cent tariff on imports from Canada next month and planned…
Culture
Pimco sees Japan wooing capital as tariffs spur diversification
Japan has emerged as a prime destination for global investors as the trade war triggers a reassessment of capital flows into the US,…
Culture
DBS downgrades Genting Singapore to ‘hold’, trims target price on tariffs dampening outlook
DBS on Thursday (Jul 10) downgraded Genting Singapore to a “hold” rating and lowered its target price for the stock from S$0.90 to S$0.80,…
Culture
Amazon sellers curb Prime Day discounts with tariffs taking bite
Amazon.com’s Prime Day is slamming into US President Donald Trump’s trade war, with ever-shifting tariffs prompting some brands to sit out…
Culture
Singapore stocks hold firm after latest salvo of US tariffs; STI up 0.4%
Across the broader market, gainers outnumber losers 321 to 197, as 1.5 billion securities worth S$1.7 billion change hands The local…
Culture
Gold steady after Trump unveils steeper tariffs, Treasury yields weigh
Gold prices steadied on Tuesday (Jul 8) as US President Donald Trump announced sharply higher tariffs on goods from Japan, South Korea and…
News
Stock Market Plummets as Trump Announces Tariffs Start Date
Fox News pushed back Monday on the Department of Justice’s claim that Jeffrey Epstein did not keep a list of clients, citing the head of…