News

US economy slows sharply, shrinking 0.3% in the first quarter, as tariffs weigh
The U.S. economy contracted at a rate of 0.3% in the first quarter of 2025, according to an estimate released on Wednesday by ...
The US economy unexpectedly shrank in the first quarter of the year as businesses prepared for tariffs
Amid tariff announcements and economic uncertainty, real GDP unexpectedly fell at an annualized rate of 0.3% in the year's ...
Euro zone consumers happy to ditch US products if hit by tariffs, study finds
Euro zone consumers are happy to ditch U.S. products if they are hit by tariffs in the course of a tit-for-tat trade war with ...
China Quietly Exempts Key US Goods From Tariffs: Report
The news adds to a growing number of reports from China of businesses discovering that tariffs have been waived on some goods ...
Tariffs hit home for small US businesses that rely on Chinese imports
Chinese manufacturers are widely considered to be more flexible than their American counterparts, accepting smaller orders ...
Shein weighs US restructuring as tariff risks cloud London IPO, FT reports
Fast fashion retailer Shein is weighing a restructuring of its U.S. operations as U.S. President Donald Trump's tariffs on ...
Volkswagen Earnings Plunge 40% With US Tariffs Clouding Outlook
Volkswagen AG’s earnings dropped by 40% in the first quarter as higher manufacturing costs cut into margins and US tariffs ...
Why the EU is prepping retaliation tariffs even as it negotiates with the US
Context: US President Donald Trump levied so-called “reciprocal” tariffs on most of the world on April 2, hitting the EU with ...
Pfizer's CEO said the company could make 'tremendous investments' in the US if Trump's tariffs go away
Pfizer's CEO said President Donald Trump's tariffs and uncertainty are holding the company back from making "tremendous ...