Trump Eyes Tariffs to Combat Global Forced Labor
The Trump administration is considering using tariffs to combat forced labor practices in global trade, particularly targeting China. This move aims to pressure countries to improve labor conditions.
Volkswagen to Cut 50,000 Jobs by 2030
Volkswagen plans to cut 50,000 jobs by 2030, citing Trump tariffs and declining sales in China as contributing factors. The cuts are part of a broader restructuring effort.
Hungary Urges EU to Remove Tariffs on Russian, Belarusian Fertilizers
Hungary is pushing the EU to eliminate tariffs on fertilizers from Russia and Belarus. They argue that the tariffs are harming European farmers.
EU Trade Official: US Tariffs Driven by US Domestic Politics
A leading EU trade lawmaker stated that the EU is caught in US domestic politics regarding tariffs.
BMW Profits Plunge 11.5% Amid Tariffs and China Slowdown
BMW's profits have fallen by 11.5% to a pandemic-era low, attributed to tariffs and a slump in the Chinese market.
Trump's Tariffs Face Legal Challenges and Criticism
Following a Supreme Court ruling against some of his tariffs, Trump claims an "absolute right" to impose new ones, while small businesses doubt they'll get refunds and Mexico criticizes US gun flow. The situation raises concerns about trade relations and economic impact.
US Supreme Court Limits Trump's Tariff Power
A US Supreme Court decision has curtailed Donald Trump's ability to unilaterally impose tariffs. This ruling impacts Trump's key economic and foreign policy tool.