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Tags : US tariffs


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Samsung Electronics posts 22pc jump in Q1 net profit

South Korean tech giant Samsung Electronics reported a better-than-expected 21.7 per cent rise in first-quarter net profit on Wednesday as consumers rushed to buy smartphones under the looming threat of US tariffs...

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Volvo Cars launches $1.9b cost-cutting plan

Sweden’s Volvo Cars announced Tuesday a plan to cut costs by 18 billion kronor ($1.9 billion), including through job cuts, as its profits fall and the auto sector navigates US tariffs...

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Volkswagen to make Audis in US to adjust tariffs

Volkswagen could relocate some production of its high-end Audi line to dodge US tariffs on automobiles ordered by president Donald Trump, the German carmaker’s CEO said in an interview released Friday...

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UK readies to protect industry amid US tariffs

The ‘world as we knew it’ is over, UK prime minister Keir Starmer said Sunday, as the world braced for further fallout from the introduction of US tariffs...

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Shein, Temu face cost of adapting to new US customs rules

US tariffs on Chinese imports and the closing of a customs loophole will wreak disruption on the business models of e-commerce giants Shein and Temu, with consumers potentially bearing the brunt of the cost, analysts say...

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