U.S. tariffs | DD News

April 23, 2026 12:58 PM

From paint to flights, Iran war lifts costs, darkens outlooks

Companies from consumer goods to travel and mining warned on Wednesday that the U.S.-Israeli war with Iran is driving up costs, disrupting supply chains and hurting consumer confidence, clouding financial outlooks. The cautious tone in the earnings season highlights the pressure on businesses already hit by U.S. tariffs, higher input costs and weak demand before the conflict erupted in late February. While some companies stuck to their full-year forecasts, executives flagged rising transport a...

February 13, 2026 10:15 PM

WTO chief calls for reform of global trading system

The head of the World Trade Organization said that she agreed with U.S. calls for reform of the global trading system ahead of a major meeting of the trade watchdog in Cameroon next month. Last year, President Donald Trump signed an executive order imposing tariffs ranging from 10% to 41% on U.S. imports from dozens of countries and foreign locations. The U.S. Supreme Court is due to rule on their legality. "We may not like the action (U.S. tariffs), but we must take the signal that we need to...

November 17, 2025 10:55 AM

Hyundai Motor announces $86 bln investment in South Korea after US trade deal

Hyundai Motor Group will invest 125.2 trillion won ($86.47 billion) in South Korea from 2026 to 2030, the automaker said on Sunday after Seoul finalised a trade deal reducing U.S. tariffs on South Korean autos to 15% from 25%. That compares with investments by Hyundai Motor and its group affiliate Kia Corp of 89.1 trillion won from 2021 to 2025, according to the group. South Korean President Lee Jae Myung met with Hyundai Motor Group Chairman Euisun Chung and other business leaders on Sunday, ...

August 16, 2025 9:25 AM

Trump says no imminent plans to penalize China for buying Russian oil

U.S. President Donald Trump said on Friday he did not immediately need to consider retaliatory tariffs on countries such as China for buying Russian oil but might have to "in two or three weeks." Trump has threatened sanctions on Moscow and secondary sanctions on countries that buy its oil if no moves are made to end the war in Ukraine. China and India are the top two buyers of Russian oil. The president last week imposed an additional 25% tariff on Indian goods, citing its continued imports o...

May 1, 2025 10:33 AM

Singapore PM urges voters to re-elect his cabinet to deal with US, China

Singaporeans need to vote for candidates who have built up trust and close relationships with counterparts in the U.S. and China, said Prime Minister Lawrence Wong on Thursday, urging voters to re-elect his cabinet at a May 3 poll. Addressing a 1.4 million-strong labour union on the last day of campaigning, Wong warned of economic turbulence and job losses if U.S. tariffs slow global growth. His government has warned the trade-reliant economy may face a possible recession. "We must expect more...

April 17, 2025 10:15 AM

World Bank’s Banga urges developing nations to lower tariffs, focus on regional trade

World Bank President Ajay Banga urged developing countries on Wednesday to liberalize trade, saying many maintained higher tariffs than advanced economies and lowering them could offset the risk of reciprocal import taxes. Banga told reporters that global uncertainty - triggered in recent months by U.S. tariffs and retaliatory measures announced by China and other countries - was contributing to a more cautious business and economic environment. He said the impact would vary country by country...

April 14, 2025 11:39 AM

China’s March exports jump in temporary boost as Trump 2.0 heaps pressure

China's exports rose sharply in March after factories rushed out shipments before the latest U.S. tariffs took effect, but an escalating Sino-U.S. trade war has darkened the outlook for factories and growth in the world's second-biggest economy. U.S. President Donald Trump has ratcheted up tariffs on Chinese goods to hefty levels that many economists say will profoundly impact global trade flows and business investment. Exports rose 12.4% year-on-year, a five-month high, handily beating the 4....

April 9, 2025 2:36 PM

EU countries set to approve first retaliation against U.S. tariffs

European Union countries are expected to approve on Wednesday the bloc's first countermeasures against U.S. President Donald Trump's tariffs, joining China and Canada in retaliating and escalating a conflict that could become a global trade war. The approval will come on the day that Trump's "reciprocal" tariffs on the EU and dozens of countries took effect, including massive 104% duties on China, extending his tariff onslaught and spurring more widespread selling across financial markets. The...

March 21, 2025 10:41 AM

Asian stocks slide as growth, tariff worries weigh

Asian stocks fell on Friday in a downbeat end to the week as deepening geopolitical worries and fears over U.S. tariffs and their impact on the global economy curbed investors appetite for risk, keeping safe-haven gold near record highs. Futures for the S&P 500 and Nasdaq were steady in Asian hours, while European futures pointed to a weak open. Policymakers across the globe struck a cautious note in a week filled with central bank meetings as uncertainty in global economics and politics g...

February 3, 2025 6:27 PM

Europe braces for Trump trade tariffs, as levies on Canada, Mexico, China roil markets

European leaders were bracing for U.S. tariffs on Monday after President Donald Trump imposed sweeping levies on Mexico, Canada and China that will affect billions of dollars worth of trade, roiling global markets and currencies. Trump said the tariffs against the three largest U.S. trading partners, which take effect on Tuesday, might cause Americans some short-term pain, but "long term, the United States has been ripped off by virtually every country in the world". Global stock markets and c...