BMW's China problem isn't going away — and Trump's trade war may make things worse
The German luxury carmaker said net profits tanked by more than a third last year, and warned that 2025 was also likely to be challenging.
Trump's trade war is 'wake-up call' for Europe, Lagarde says
A full-scale global trade war would hurt the United States in particular and could re-energise Europe's push towards unity, European Central Bank President Christine Lagarde said on Friday.
Trump Ramps Up EU Trade War With Tariff Threat on Champagne, Wine
President Trump said he would impose a 200% tariff on U.S. imports of wine, Champagne and other alcoholic beverages from the bloc.
Trump doubles down on a trade war with Canada. Here’s where the U.S. gets its steel and aluminum.
President Donald Trump escalated his trade war Tuesday, announcing on Truth Social that he will double the tariffs on steel and aluminum coming from Canada from 25% to 50% in retaliation for new trade restrictions put in place by the province of Ontario this week.
Your Michigan beer may cost more thanks to Trump’s trade war
The cost of beer is expected to rise due to the U.S. trade war with Canada, which exports aluminum widely used to make beer cans at American breweries. (N. Scott Trimble | [email protected]) N. Scott Trimble | [email protected]
BMW warns on tariffs, China as 2024 profits plunge
German premium carmaker BMW warned Friday of continued challenges in 2025 from trade tensions and weak demand in China after reporting a plunge in profits last year.
BMW CEO on Tariffs, Trade, US Market, China, Sales
BMW Chief Executive Officer Oliver Zipse discusses US tariffs and the potential impact on the automaker. He also talks about the company's sales outlook and China. He speaks in an interview with Bloomberg's Oliver Crook.
Gold hits $3,000 for the first time on a safe-haven dash from Trump's trade war
Investors have been rushing to gold — a safe-haven asset — this year to hedge against risk from US President Donald Trump's ...
TSX futures rise; index set for weekly loss on heightened trade war
Futures tied to Canada's main stock index jumped on Friday, but the benchmark index was on track for a sharp weekly fall as ...
Dow slides and S&P 500 closes in correction as Trump’s trade war escalates
US stocks slid Thursday and the S&P 500 closed in correction, down more than 10% from its record high in February, as ...
Read the letter Tesla wrote warning the Trump administration about harm from a trade war
Tesla said Trump's tariffs could increase costs to manufacture and lead other countries to counter with tariffs on cars and ...
From Champagne to Bourbon, Alcohol Lands on Front Lines of Global Trade War
President Trump has threatened a 200% tariff on European alcohol.
Oil, dollars, and debt: How safe is the Middle East from the global trade war?
The blow to growth from a trade war is likely to hurt the price of oil – the mainstay of the region's economy.
Trump’s trade war, rhetoric put his ambassador picks in tough spot
Worsening relations with three of the United States’ biggest trading partners dominated a Senate hearing for the would-be U.S ...
Farmers face steep losses in the middle of Trump's trade war and funding cuts
Jennifer Gilkerson never imagined that her West Virginia farm’s freeze-dried fruits would get caught up in political fights ...