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Tag: tariffs

Stellantis expects first-half net loss of .7 billion as tariffs bite
  • World News

Stellantis expects first-half net loss of $2.7 billion as tariffs bite

eriinfo.com9 hours ago04 mins

New Ram vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot in Miami, Florida. Joe Raedle | Getty Images Auto giant Stellantis expects a net loss of 2.3 billion euros ($2.68 billion) in the first half of the year amid pre-tax net charges and early effects of U.S. tariffs, the company said Monday in its…

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Banking bellwethers and a tariffs waiting game
  • World News

Banking bellwethers and a tariffs waiting game

eriinfo.com2 days ago05 mins

Skyscrapers on the skyline from the offices of the European Central Bank in Frankfurt, Germany, on Monday, Nov. 25, 2024.  Bloomberg | Bloomberg | Getty Images Next week, the CNBC teams are back on the road – and it’s all about the banks and the ECB. From Frankfurt to Milan, and Paris to London, the…

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Trump tariffs could wreck South Africa’s vehicle manufacturing industry
  • Tech

Trump tariffs could wreck South Africa’s vehicle manufacturing industry

eriinfo.com1 week ago010 mins

Naamsa CEO Mikel Mabasa South African motoring industry lobby body Naamsa has warned that US President Donald Trump’s plan to impose unilateral 30% tariffs on South Africa from 1 August could decimate the local vehicle manufacturing export industry. “This escalation in trade tensions poses a serious threat to one of South Africa’s most globally integrated…

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European Union to delay retaliatory tariffs on U.S. goods in hopes of reaching deal
  • World News

European Union to delay retaliatory tariffs on U.S. goods in hopes of reaching deal

eriinfo.com1 week ago05 mins

The European Union will suspend retaliatory tariffs on goods from the United States that were scheduled to take effect on Monday. The EU hopes it can reach a trade deal with the Trump administration by the end of the month. “This is now the time for negotiations,” European Commission President Ursula von der Leyen told…

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Trump announces 30% tariffs on EU and Mexico, starting Aug. 1
  • World News

Trump announces 30% tariffs on EU and Mexico, starting Aug. 1

eriinfo.com1 week ago06 mins

The flags of the European Union fly in front of the European Parliament. Philipp von Ditfurth | dpa | Picture Alliance | Getty Images President Donald Trump said Saturday the U.S. will impose a 30% tariff on goods from the European Union and Mexico that will take effect on Aug. 1. Trump revealed the new…

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Africa: Trump Tariffs Halt Salt Exports to U.S. …Namibia Turns to Africa
  • Africa

Africa: Trump Tariffs Halt Salt Exports to U.S. …Namibia Turns to Africa

eriinfo.com2 weeks ago07 mins

Walvis Bay — Walvis Bay Salt Holdings has strengthened its foot hold in Africa after shifting away from the United States (US) market following fresh tariffs introduced earlier this year by US president Donald Trump. The tariffs brought Namibia’s largest salt producer and exporter to the US to a complete standstill. Walvis Bay Salt Holdings…

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Wishing upon a meteor that tariffs won’t cause inflation
  • World News

Wishing upon a meteor that tariffs won’t cause inflation

eriinfo.com2 weeks ago03 mins

Containers sit at the Port of Los Angeles, in San Pedro, California, U.S., July 8, 2025. Daniel Cole | Reuters U.S. President Donald Trump announced Tuesday that copper and pharmaceutical imports will face tariffs of 50% and as high as 200%, respectively. Following the news, the S&P 500, which hit multiple record closes last week,…

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Tariffs will revert to April levels in August without deals
  • World News

Tariffs will revert to April levels in August without deals

eriinfo.com2 weeks ago04 mins

U.S. Treasury Secretary Scott Bessent speaks to reporters at the U.S. Capitol as Republican lawmakers struggle to pass U.S. President Donald Trump’s sweeping spending and tax bill, on Capitol Hill in Washington, D.C., U.S., June 27, 2025. Elizabeth Frantz | Reuters Treasury Secretary Scott Bessent said Sunday that tariffs announced back in April will take…

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California ports see freight wave as ships try to beat China tariffs
  • World News

California ports see freight wave as ships try to beat China tariffs

eriinfo.com4 weeks ago07 mins

A truck passes by shipping containers at the Port of Los Angeles. Mark Ralston | Afp | Getty Images A new wave of ocean freight from China is beginning to arrive at the Port of Los Angeles and Long Beach, an increased flow of shipping containers aiming to beat potential tariff increases. President Trump imposed…

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Africa: Trump Tariffs Halt Salt Exports to U.S. …Namibia Turns to Africa
  • Africa

Africa: China to Remove Tariffs On African Imports to Boost Trade

eriinfo.com1 month ago06 mins

China says it will sign a new economic pact with Africa that will get rid of all tariffs on the 53 African states it has diplomatic ties with – a move that could benefit middle-income nations as they prepare for tariff hikes on products entering the United States. The move, announced at a China-Africa co-operation…

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  • UK, Canada and 23 other countries slam Israel over Gaza, say war ‘must end now’
  • WeThinkCode, Spatialedge partner on data engineering
  • Africa: Water, Sanitation Technocrats in Lilongwe to Discuss How to Tackle Challenges Affecting the Sector
  • Africa: South Africa Convenes High-Level Indaba to Tackle Fmd Outbreaks
  • UK and 27 other nations condemn Israel over civilian suffering
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