Tariff
Ford launches exclusive experience program for its priciest pickups
Ford is launching a program that aims to give its “Platinum Plus” pickup truck customers a more curated, exclusive experience. Michael Wayland / CNBC DEARBORN, Mich. — Ford Motor is launching a program that aims to give its most premium pickup truck customers a more curated, exclusive experience. The Detroit automaker’s new ownership experience is […]
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Tesla is ‘carefully’ working on its India entry amid tariff concerns, says CFO
Elon Musk meets with Indian Prime Minister Narendra Modi at Blair House in Washington DC, USA on February 13, 2025. Anadolu | Anadolu | Getty Images Tesla is cautiously navigating an entry into India, CFO Vaibhav Taneja said on Tuesday in the U.S., as the electric vehicle maker faces falling sales and tariff threats. Speaking […]
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Auto groups lobby Trump administration against parts tariffs in rare unified message
Jamell Harris loads raw casting heads to be manufactured at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images DETROIT – Six of the top policy groups representing the U.S. automotive industry are uncharacteristically joining forces to lobby the Trump administration against 25% tariffs on auto parts […]
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Bessent says he expects ‘de-escalation’ in U.S.-China tariff fight in the ‘very near future’
Treasury Secretary Scott Bessent told investors in a closed-door meeting Tuesday he expects “there will be a de-escalation” in President Donald Trump’s trade war with China in the “very near future,” a person in the room told CNBC. “No one thinks the current status quo is sustainable” with tariff rates at their current levels, Bessent […]
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Roche to invest $50 billion in the U.S. as pharma tariff threat lingers
A photo showing the logo of Swiss pharmaceutical giant Roche in Basel. SEBASTIEN BOZON | AFP | Getty Images Swiss pharmaceutical giant Roche on Tuesday said that it would invest $50 billion in the U.S. over the next five years, amid concerns about the impact of possible new White House tariffs on pharma goods from […]
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Vietnam clamps down on fraud on US exports, document shows
A truck at the Tan Vu Terminal, operated by Vietnam Maritime Corp., at Haiphong Port in Haiphong, Vietnam, on Wednesday, Jan. 15, 2025. Bloomberg | Bloomberg | Getty Images Vietnam’s trade ministry has issued a directive to crack down on illegal transshipment of goods to the United States and other trading partners as it tries […]
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Dropshippers reel from Trump’s tariff gut punch: ‘Profit margins have now been slashed’
The U.S. tariff rate on Chinese goods now stands at 145%, according to The White House. Spencer Platt | Getty Images News | Getty Images While recent news of United States President Donald Trump’s on-again off-again tariffs has led to wild swings in markets and shaken businesses globally, companies that rely on open trade between […]
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No tariff-triggered turbulence in travel so far, says MakeMyTrip CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Rajesh Magow, CEO of online travel aggregator MakeMyTrip, remains unfazed by tariffs and market volatility, contending that travel demand will hold steady with a resilient mid- to long-term outlook. Source
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South Korea finds ‘Made in Korea’ breaches intended to bypass U.S. tariffs
South Korea has found increased attempts to disguise foreign products as Korean exports, primarily from China, to avoid U.S. President Donald Trump’s sweeping tariffs, its customs agency said on Monday. Insung Jeon | Moment | Getty Images South Korea has found increased attempts to disguise foreign products as Korean exports, primarily from China, to avoid U.S. President Donald Trump’s sweeping tariffs, […]
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Trump tariffs could lead to a summer drop-off in economic activity after an ‘artificially high’ start, Chicago Fed chief says
Business owners and CEOs are already stocking up on inventory, and some American shoppers are panic buying big-ticket items in anticipation of President Donald Trump’s tariffs. The sudden buying binge could cause an “artificially high” level of economic activity, said Federal Reserve Bank of Chicago President Austan Goolsbee. “That kind of preemptive purchasing is probably […]
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