Volvo Cars to book $1.2bn charge on tariffs and launch delays
Exposed to US and European duties, the Geely-owned group has already announced a cut of 3,000 jobs globally
Economic News
US investors should beware of tariff complacency
America’s bullish stock market is at odds with Trump’s policy agenda
US threatens Russia with ‘severe’ tariffs over war in Ukraine
Trump says he is ‘very unhappy’ with Moscow for lack of progress on a ceasefire deal
European stocks slip after Trump’s tariff threat
Analysts say a much sharper sell-off is likely if 30% levies come into force
China approves $35bn Synopsys chip software deal after US eases export curbs
Beijing’s antitrust regulator had paused process in May as Trump administration tightened access to chip design tools
LVMH’s Loro Piana placed under court administration over worker exploitation
Cashmere brand becomes fifth fashion house to be monitored in probe into labour rights violations in Italian supply chains
EU warns Trump’s 30% tariffs would eliminate transatlantic trade
Bloc’s trade commissioner Maroš Šefčovič issues caution as ministers meet to consider retaliatory measures against US
Germany’s exporters stifled by red tape, says Bundesbank
Eurozone’s biggest economy could have grown 50% more between 2021 and 2024, study finds
A Trumpian offer you can only refuse
The US president’s bullying of Brazil is particularly inept
China’s exports jump in June amid trade war truce with US
Strong trade data come ahead of second-quarter GDP growth that is expected to cheer Beijing