Keywords: Tariffs
Andean Community has ordered Colombia and Ecuador to withdraw recent trade restrictions imposed against each other following an escalating economic dispute between the neighboring nations. The regional bloc instructed both governments to eliminate all tariff measures and trade barriers within ten business......
President Donald Trump issued a new ultimatum to the European Union on Thursday, demanding that the bloc ratify the trade framework reached last summer by July 4, the 250th anniversary of American independence, or face an increase in tariffs. The announcement came a day after a phone call with European......
U.S. President Donald Trump hosted Brazilian President Luiz Inácio Lula da Silva at the White House on Thursday for a working summit covering trade tariffs, critical minerals access and cooperation against organized crime. The meeting marked the first bilateral face-to-face on American soil since......
Brazilian President Luiz Inácio Lula da Silva is visiting Washington in an effort to strengthen diplomatic ties with U.S. President Donald Trump and prevent the introduction of new trade tariffs that could affect Brazilian exports. The meeting at the White House comes at a sensitive moment in......
The online system for reclaiming U.S. tariff payments ruled unlawful by the Supreme Court is operating more smoothly than initially expected, according to a customs specialist at Swiss logistics group Kuehne + Nagel. The refund mechanism was launched last month following a court decision that struck......
Shares of major German car manufacturers dropped following the announcement by Donald Trump of a new increase in import tariffs on foreign vehicles. The measure raises duties from 15% to 25%, putting renewed pressure on an already fragile sector. Companies such as Dr. Ing. h.c. F. Porsche AG, Bayerische......
A proposed increase in U.S. tariffs on imported European vehicles could significantly impact Germany’s economy, according to recent estimates by a leading economic institute. The measure, which targets cars and trucks from the European Union, is expected to weigh heavily on Europe’s largest......
Volkswagen AG is expected to see only limited financial relief even if it succeeds in securing refunds on U.S. import tariffs, according to the company’s chief financial officer. Speaking on Thursday, CFO Arno Antlitz said that any potential reimbursement linked to tariffs imposed by the United......
General Motors reported a strong increase in its first-quarter performance, with core profit rising by 22% year-on-year, supported by solid demand in the US truck market and improved profit margins in North America. The Detroit-based automaker posted earnings before interest and taxes of $4.3 billion,......
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