Tariff impact

Volkswagen, Europe's largest automaker, reported a significant loss of $1.5 billion in the second quarter, citing the impact of tariffs and a challenging market environment. The company warned that a global shortage of semiconductors could further disrupt its production and productivity. The loss was attributed to a combination of factors,...

The ongoing trade tensions between the United States and its global partners have led to a slew of new tariffs imposed on various imported goods. However, one set of tariffs in particular could have a significant impact on the US housing market: the duties on timber, wood, furniture, and kitchen...

Nike, the world's largest sportswear brand, reported a modest increase in sales, but a significant decline in profit, as the company navigates a challenging landscape marked by rising tariffs and shrinking margins. The quarterly results underscore the hurdles facing CEO John Donahoe, who has been tasked with leading a turnaround...