Trump commerce chief pick Lutnick says he prefers across-the-board tariffs by country
President Donald Trump's nominee to run the Commerce Department, Howard Lutnick, said on Wednesday that he has advised Trump to impose across-the-board tariffs country-by-country to…
US goods trade deficit widens sharply in December on imports
The U.S. trade deficit in goods widened sharply in December, likely as businesses front-loaded imports in anticipation of broad tariffs from President Donald Trump's new…
Mexico’s Sheinbaum says she doesn’t believe US will impose tariffs on Feb. 1
Mexico President Claudia Sheinbaum said on Wednesday she doesn't believe the United States will impose tariffs on Feb. 1, after the White House doubled down…
Germany sees 2025 export decline due to growing trade tensions, government report says
German exports are expected to decline by 0.3% in 2025 due to weakening competitiveness as well as growing geopolitical and trade tensions, according to the…
LVMH considers widening US footprint as CEO Arnault expresses France fatigue
Luxury giant LVMH is "seriously considering" bulking up its production capacities in the United States, CEO Bernard Arnault said on Tuesday, praising a "wind of…
Companies eye US expansion to lessen fallout from potential tariffs
Some companies have said they are looking at expanding their presence or setting up shop in the United States as they prepare for President Donald…
US buyers face higher costs if Trump pursues copper, aluminium tariffs
President Donald Trump's threat to impose tariffs on U.S. copper and aluminium imports will result in higher costs for local consumers because of a shortfall…
BMW CEO proposes cutting EU tariff on US vehicle imports to 2.5%
BMW will propose this week that the European Union lower its tariff on U.S. car imports to 2.5% from 10%, in line with the current…
Trump emphasizes ‘fair’ trade relations in call with India’s Modi, White House says
U.S. President Donald Trump stressed the importance of India buying more American-made security equipment and moving toward a fair bilateral trading relationship in a phone…
Canada to speak to partners in a bid to fend off US tariffs, says minister
Canadian Foreign Minister Melanie Joly said on Monday she would soon be talking to counterparts in allied nations in a bid to fend off tariffs…
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