Trump, tariff and rebates
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Trump, Brazil and tariffs
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With the Trump administration setting 15% as a floor for tariffs, companies and economists are warning of higher prices later this year.
General Motors on Tuesday said tariffs on cars and auto parts drove $1.1 billion in losses over three months ending in June. A day earlier, Jeep maker Stellantis said it expects to have suffered $2.7 billion in losses over the first half of 2025 due in part to U.S. tariffs.
US President Donald Trump said trade talks with Canada are not a focus for his administration right now, and instead of negotiating a deal he may decide to just leave existing import taxes in place.
A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.
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It’s quiet ... a little too quiet,” writes Mark Haefele, chief investment officer of UBS Global Wealth Management.
Chemical products companies in Brazil, which exported $2.4 billion to the U.S. last year, face a slew of contract cancellations as President Donald Trump has threatened a new 50% tariff on the South American nation's exports from August 1.
PorterYachts teams with the Ben Hotel to offer luxury yacht experiences, with CEO Brian Blouin stating that recent tariffs haven't affected charter business.
President Donald Trump’s recent flurry of trade deals have given Asian exporters some clarity on tariffs, but missing are key details on how to avoid punitive rates that target China’s supply chains.