US, EU Agree Trade Deal, EU Will See 15% Tariff Across Board
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Stellantis warns of a hefty $1.7 billion impact from US tariffs in 2025, citing challenges from profit drops, leadership changes, and evolving trade conditions in the automotive sector. The company is pressured by increased competition and regulatory fines while attempting to regain market share.
The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.
Despite being significantly lower than the 200% rate threatened by Trump, the deal is set to ramp up drug costs by billions.
Trump is targeting China's transshipments through Southeast Asia. But can tariffs and trade agreements really curb China's regional exports?
Cipla's CEO addresses impact of US tariffs on pharmaceutical industry, remains optimistic about company's performance and future growth.
The announcement and anticipation of US tariffs have already had an immediate and devastating impact on trade performance.
As a 30% US tariff threatens South African citrus exports, the Citrus Growers' Association warns of severe job losses and calls for President Ramaphosa's urgent intervention.
The construction market in the United States is expected to be the most impacted by tariff policies and will slow throughout the latter half of 2025 and into 2026.
BERLIN (Reuters) -German Chancellor Friedrich Merz said on Monday he was not satisfied with the result of trade talks with the United States, but "more simply wasn't achievable" and added the German economy would suffer "significant" damage due to the agreed tariffs.