#trade-tariffs

#trade-tariffs

Rivian now expects to deliver no more than 43,500 electric vehicles by the end of 2025, which would represent a nearly 16% drop from last year's sales. The company announced the new guidance for investors on Thursday alongside production and delivery figures for the third quarter of this year. Rivian saw deliveries jump to 13,201 vehicles, up from 10,661 and 8,640 in the second and first quarters, respectively. The company also built 10,720 EVs in the quarter.

Given the president's record of doling out special treatment to CEOs who are able to woo him with flattery, payoffs or both, the timing of his attendance at the match in the Rolex box is concerning. I have questions about whether you are attempting to curry favor with the president in an effort to secure special-interest exemptions for Rolex products.

Optimists latch on to the hope that the stability we have lost can be restored post-Trump. Having spent the past few days in Washington, I doubt it. Even in recent history, things were not quite so bad for the transatlantic relationship. The current tensions make the first Trump administration look like a walk in the park for Europeans. It is one thing to withdraw from the Iran nuclear deal, which Trump did in his first term.

Pumpkin spice is traditionally a blend of five spices - cinnamon, nutmeg, ginger, cloves and allspice - and they're all sourced primarily outside the U.S. The spice industry is bracing for how tariffs could impact prices to import a variety of spices. The American Spice Trade Association says many spices require tropical conditions, which means they can't be cultivated domestically. That includes staple spices like cinnamon, pepper, nutmeg, cloves and vanilla.

Giuseppe Alai wanders through the cellar of his dairy in Emilia-Romagna, the air filled with the smell of ageing wheels of parmesan lined up in endless rows. Pointing towards the thick rinds wrapped around them, each bearing the distinct dotted engraving of their Parmigiano Reggiano mark of origin, he recalls an anecdote from his grandfather at the end of the second world war.

This week's dramatic court ruling that Donald Trump's sweeping trade tariffs, which he has used to upend global trade, were in fact illegal is the latest in a series of losses for the president's radical agenda that are ultimately heading for a final showdown in the US supreme court. Trump has already asked the supreme court to overturn the lower court ruling in the tariffs case.

The world during Donald Trump's second presidency has entered a period of danger with certain similarities to the 30s, according to Mitch McConnell, the veteran Republican former Senate leader. McConnell made the comments primarily in reference to tariffs and foreign affairs, in a wide-ranging interview with the Lexington Herald-Leader published on Wednesday as he prepares to enter his final year in office.

Volvo is in a bit of a pickle. The company bet big on a rapid, worldwide transition to electric cars. Yet it's hit three brutal snags. First, EV sales have not grown as exponentially as many automakers planned for. Second, Volvo's own software-defined EVs were heavily delayed and arrived full of bugs and quality issues. Finally, a global trade war has hurt Volvo more than just about any other auto brand: It builds heavily in China, and it builds very little in the U.S.

Modi's visit to Tianjin for a regional security summit comes days after the US doubled tariffs on Indian exports to 50%, citing New Delhi's refusal to stop buying Russian oil. The row has upended years of deepening cooperation between India and the US, built on technology and a shared determination to counter Beijing's global ambitions. It has also forced India to aggressively look elsewhere to diversify its trade.

Instead, Robertson said, voters are distracted by the political noise of President Donald Trump's policies, while the real drivers of grocery sticker shock- labor shortages, and tariffs-continue to tighten their grip. Deportations have thinned fields and stripped farms of undocumented workers who "overwhelmingly" make up the agricultural workforce. At the same time, new tariffs on staples like tomatoes, coffee, and orange juice are pushing up costs on imports, leaving few affordable alternatives.

Trump has warned tariffs on countries imposing digital taxes on US tech firms. He said measures such as the UK's digital services tax and similar rules in France, Italy and Spain discriminate against companies like Google, Meta, Amazon and Apple. Trump said he will add tariffs on exports and restrict technology sales if those policies stay in place.

Target is in trouble. And while it's easy to get lost in the company's recent (poor) handling of American culture war narratives that cast it as too woke or too willing to cave to online fascists, the root of Target's problems runs deep. Don't get me wrong the massive consumer boycotts from Black organizers have done damage. And there are probably folks on the far right who think even Target's toned-down, overwhelmingly beige Pride merch this year was still too loud.

The PlayStation parent cited "challenging economic environment" as the reason for the price increase. PS5 Price Hiked in the US The price of the standard physical edition PS5 is going up from $499.99 to $549.99, Sony announced in a PlayStation Blog post on Wednesday, calling the price hike a "difficult decision". PS5 digital edition now costs $499.99, up from $449.99. The PS5 Pro, too, gets a $50 price hike, up from $699.99 to $749.99

Toyota indicated it faces a 1.4tn yen hit from Donald Trump's trade tariffs, affecting net profits and leading to a cut in guidance for the upcoming year.

South African equities showed resilience, with the JSE All Share Index rising above 100,500, driven by sectors including communications, health services, and non-energy minerals.

Trump stated that his special envoy, Steve Witkoff, made "great progress" in his three-hour meeting with Putin, aiming to end the ongoing war in Ukraine.

Every summer, there is a brief window when the produce is exquisite, especially tomatoes which are unparalleled. Enjoy them while you can.

"We responded swiftly, but there was a near-term hit to output and sales," Ostermann said.

After leading market gains last year, artificial intelligence (AI) stocks are at it again. Investors became more optimistic that President Trump's import tariffs won't represent as much of a headwind for companies as initially expected.

The current uncertainty caused by unjustified tariffs cannot persist indefinitely, and the EU is preparing for all outcomes, including well-considered, proportionate countermeasures.

Three in 10 UK SMEs fear losing up to £20,000 due to Trump's new trade tariffs, making energy savings essential. Business energy experts recommend conducting energy audits to find savings.

President Trump announced a 25% trade tariff on all imports from Japan and South Korea, which are key suppliers of autos, electronics, and steel.

Super Micro Computer Inc., despite being a target for short sellers, is considered to have significant growth potential driven by the explosive demand in the IT services industry.

Steel is at the beginning of the value chain, so you create a lot of instability for all these supply chains that get disrupted that now all of a sudden have to deal with much more expensive steel.

Hedge funds exhibited the largest sell-off of European shares in a decade, prompted by trade tariff concerns and the euro's strength diminishing exports.