Trade
Volkswagen and Stellantis evade Trump’s 25% tariffs, while BMW braces for impact
Volkswagen ID.7 electric cars are seen at the Volkswagen (VW) electric fleet lead plant in Emden, Germany, Feb. 18, 2025. Carmen Jaspersen | Reuters Automakers Volkswagen and Stellantis have confirmed that their vehicles made in North America will be exempt from U.S. President Donald Trump’s newly rolled out 25% tariffs, while BMW says it will […]
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Trump rejects pleas from business for more clarity on tariffs: ‘They always say that’
U.S. President Donald Trump speaks to reporters as White House Press Secretary Karoline Leavitt stands by him aboard Air Force One on his return to Washington, D.C., U.S., March 9, 2025. Kevin Lamarque | Reuters President Donald Trump has dismissed the growing chorus of CEOs, investors and policymakers who are pleading with the White House […]
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Trump downplays business concerns about uncertainty from his tariffs and the prospect of higher prices
U.S. President Donald Trump attends the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. Evelyn Hockstein | Reuters President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn’t […]
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China to impose retaliatory tariffs on some Canadian products as trade war heats up
Containers at the Port of Vancouver in Vancouver, British Columbia, Canada, Feb. 28, 2025. Ethan Cairns/Bloomberg via Getty Images China on Saturday announced retaliatory tariffs on some Canadian agricultural goods, hitting back after Ottawa slapped import duties on Chinese-made electric vehicles and steel and aluminum products. Beijing said a 100% tariff would be imposed on […]
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Trump 2.0 is leaving investors ‘overwhelmed’ — and strategists warn the volatility isn’t over
U.S. President Donald Trump signs executive orders in the Oval Office of the White House on March 06, 2025 in Washington, DC. President Trump signed a series of executive orders, including lifting 25% tariffs for all goods compliant under USMCA trade agreement. Alex Wong | Getty Images News | Getty Images Global markets have been […]
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‘Very concerned’ about Europe’s struggling economy, European Central Bank policymaker Centeno says
Europe’s struggling economy has economists worried — and senior European Central Bank policymaker Mário Centeno, echoes that view. “I am very concerned about the European economy,” Centeno, who is also governor of the Bank of Portugal, told CNBC’s “Squawk Box Europe” on Friday. On Thursday, the ECB revised its gross domestic product expectations for the […]
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China’s exports grew 2.3% on year in Jan-Feb, well short of market estimates
A general view of the container terminal in Qianwan of Qingdao Port, a port in Shandong Province, China, March 17, 2023. CFOTO | Future Publishing | Getty Images China’s exports growth slowed more than expected at the start of the year, data from the customs authority showed Friday, as higher U.S. tariffs partly offset momentum […]
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Treasury Secretary Bessent says the American dream is not about ‘access to cheap goods’
Scott Bessent, US treasury secretary, speaks during an Economic Club of New York (ECNY) event in New York, US, on Thursday, March 6, 2025. Sanctions on Russia “will be used explicitly and aggressively for immediate maximum impact” at President Donald Trump’s guidance, Bessent said Thursday. Victor J. Blue | Bloomberg | Getty Images Treasury Secretary […]
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China’s growth goal will need much stronger stimulus if U.S. trade war intensifies, economists say
Chinese President Xi Jinping stands to leave after the opening session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China, March 5, 2025. Tingshu Wang | Reuters Chinese leadership took on a hefty task by setting an ambitious growth target this year but Beijing may yet need much […]
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U.S. eyes zero tariff on cars in India trade deal as Tesla entry nears, Reuters reports
Indian Prime Minister Narendra Modi and US President Donald Trump hold a joint press conference in the East Room of the White House in Washington DC, United States on February 13, 2025. (Photo by Nathan Posner/Anadolu via Getty Images) Nathan Posner/Anadolu | Anadolu | Getty Images The United States wants India to eliminate tariffs on car imports under […]
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