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Wall Street ticks up to another record as GM and others show how tariffs are impacting them
General Motors and other U.S. companies give updates on how much President Trump’s tariffs are impacting them.
Tariffs hit U.S. companies hard, but businesses absorb them for now
General Motors said tariffs slashed its second-quarter income by more than $1 billion, and other companies pointed to import duties to explain smaller profits.
U.S. tariffs, trade tensions to slow growth in developing Asia and Pacific, ADB says
Higher U.S. tariffs and trade uncertainty have worsened the economic outlook for developing Asia and the Pacific, the Asian Development Bank said in a report on Wednesday as it lowered its growth forecasts for the region for this year and next.
Both targets of Trump’s tariffs, the EU and China still can’t get along
As the two biggest economic targets in Donald Trump’s trade war, some analysts thought the European Union and China could move closer together and stake out common ground.
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Tariffs Poke Their Heads Up With $1.1 Billion Profit Impact For GM
The impacts will be felt more broadly in many industries, and the question is when the choice becomes to preserve profits by raising prices.
Exclusive: Wilbur Ross Outlines Trump's Biggest Tariffs Challenge
In an exclusive interview with Newsweek, the former Commerce Secretary discusses trade, China and tariffs under Trump 2.0.
RTX Earnings Top Wall Street Estimates, but the Stock Is Down. Blame Tariffs.
The stock is down, but the reaction is nothing like its steep post-earnings selloff in April. That’s a positive for investors.
American Steel Just Got More Expensive. Buyers Blame Tariffs.
Steel producers like Cleveland Cliffs and Steel Dynamics both said this week that they raised prices after President Trump imposed a 50 percent tariff on imports.
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