Tag Archives: Tariffs

The office building of international biopharmaceutical company AstraZeneca. Cfoto | Future Publishing | Getty Images AstraZeneca on Monday said it plans to invest $50 billion in bolstering its U.S. manufacturing and research capabilities by 2030, becoming the latest pharmaceutical firm to ramp up its stateside spending in the wake of U.S. trade tariffs. The Anglo-Swedish biotech company, which is headquartered …

TOKYO (AP) — Japanese Prime Minister Shigeru Ishiba said Monday he will stay in office to tackle challenges such as rising prices and high U.S. tariffs after a weekend election defeat left his coalition with a minority in both parliamentary chambers and triggered calls for his resignation. Ishiba’s ruling Liberal Democratic Party and its junior coalition partner Komeito were short …

Stellantis, the maker of Jeep and Ram vehicles, says its preliminary estimates show a 2.3 billion euros ($2.68 billion) net loss in the first half of the year due to U.S. tariffs and some hefty charges. The automaker anticipates an impact of about 300 million euros for net tariffs incurred, and also expects planned production losses related to implementing its …

First, Amazon promised prices wouldn’t rise under President Donald Trump’s tariffs. Then it quietly increased them anyway. A revealing analysis by The Wall Street Journal found that since Trump’s initial tariff announcement in January, Amazon raised prices on a range of everyday items—deodorant, pet supplies, protein shakes—by an average of 5%. This was despite a public pledge in April to …

Orange juice prices could rise by 20% to 25%, according to Johanna Foods, a small U.S. business suing the White House over tariffs threatened against Brazil. President Donald Trump said in a July 9 letter to President Luiz Inacio Lula da Silva that he would apply a 50% tariff to all imports from Brazil starting Aug. 1. Trump said the …

Scott Bessent, US treasury secretary, during a Bloomberg Television interview in New York, US, on Friday, May 23, 2025. Bloomberg | Bloomberg | Getty Images Treasury Secretary Scott Bessent said Monday that implementing high tariff rates on countries starting August 1 “will put more pressure on those countries to come with better agreements.” Bessent’s remarks suggest that he views President …

Stellantis Says Profit Plunged as Tariffs Began to Bite  The New York Times Car maker Stellantis says US tariffs have cost it €300m  BBC Stellantis reports $2.7 billion loss thanks to tariffs, restructuring, slow sales  The Detroit News Jeep Maker Stellantis Posts $350 Million Tariff Bill—and Record Net Loss  The Wall Street Journal Stellantis warns of $2.7 billion loss for 1st half of 2025 …

Trump’s tariffs could upend U.S. trade with E.U., a global export power  The Washington Post Trump Tariffs: EU Is Racing to Secure US Trade Deal and Preparing for the Worst  Bloomberg.com EU to ramp up retaliation plans as US tariff deal prospects dim  Reuters Dow closes more than 100 points lower after report says Trump seeks at least 15% tariff on EU imports: …

The car company behind the brands Vauxhall, Jeep and Fiat says US President Donald Trump’s tariffs have already cost it €300m (£259.6m, $349.2m). Stellantis said the financial hit was a result of tariffs impacting trade and the company’s loss of planned production in its response to the them. A 25% tariff on cars being imported to the US has been …

Jeff Yerxa, co-owner of Lost Sock Roasters, shows bags of coffee beans, many from Brazil, at the company’s warehouse in Washington, D.C. The looming threat of a 50% tariff on all goods from Brazil — the world’s largest coffee producer — has sent shock waves through the U.S. coffee industry. Claire Harbage/NPR hide caption toggle caption Claire Harbage/NPR At a …