The U.S. auto industry is preparing for the impact of new trade policies, including 25 percent tariffs, set to take effect in April after a 30-day delay.
BMW expects a €1 billion loss for 2025 due to the US-EU tariff dispute, including a 25% duty on certain vehicles and tariffs on its China-made electric cars. The company hopes not all tariffs will remain for the full year.
U.S. President Donald Trump has blasted the European Union for unfair trade practices, pledging to impose "reciprocal tariffs" on European goods. His remarks come amid growing tensions following the enforcement of new tariffs on steel and aluminum imports.
In a massive show of support, Mexican President Claudia Sheinbaum spoke to a huge crowd in Mexico City’s Zócalo square on Sunday. It's after the U.S. postponed its plan to impose 25% tariffs on Mexican goods.
Beijing advises the U.S. to engage with China before imposing new tariffs related to the fentanyl issue.
U.S. President Donald Trump signed an executive order on Saturday directing a new national security investigation into imported lumber under Section 232 of the Trade Expansion Act of 1962.
Thirteen Canadian premiers visited Washington, D.C. on February 12 to meet with U.S. lawmakers, seeking to prevent President Trump’s tariffs on steel and aluminum imports, which threaten industries reliant on these materials.
Mexico pledges to resolve U.S. tariff threats, highlighting trade resilience, crackdown on contraband, and efforts to expand partnerships, including UAE investments in semiconductors and renewable energy.
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