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The Latest Breaking News on Donald Trump's tariffs puncture US car industry downgraded by Barclays to 'negative'

Donald Trump's tariffs puncture US car industry downgraded by Barclays to 'negative'

Goldman Sachs has cut its estimate for automobile sales in the US for this year by nearly 1 million units

Evening Standard

Trump tariffs could prove nearly as harmful to U.S. auto market as Lehman collapse and COVID outbreak, warn S&P forecasters

In “one of the largest single-month changes” it has ever made to its forecast, S&P Global Mobility cut 700,000 cars from its annual U.S. sales estimate.

Fortune

Trump has shown he will backtrack on tariffs. What does that say about how to wage a trade war?

Amid Donald Trump’s escalating tariff war with China, the world has been left in no doubt. Consistent with his campaign messaging, and going against the overwhelming majority of economists’ advice, it’s clear that the US president still loves tariffs. He is ready to use them as a bargaining tool –…

The Conversation

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Stocks Rise As Stability Returns, Autos Surge On Exemption Hope

The US president's unorthodox approach to trade diplomacy continues to fuel uncertainty among investors, with speculation over new levies on high-end technology and pharmaceuticals dampening sentiment.

Latin Times

Why This Beaten-Down Oil Stock Could Skyrocket 51% in 2025

Marathon Petroleum stock is down, but bullish analysts and rising oil demand suggest a 51% upside. Here’s why investors shouldn’t overlook this energy play.

MarketBeat

UN trade agency urges US to exempt poorest countries from reciprocal tariffs

UN report says 28 of the 57 nations targeted by the Trump administration's now-paused tariffs each account for less than 0.1% of the US trade deficit.

Euronews

The White House pressed for fast negotiations with its shock and awe tariffs. Now it can’t drum up enough interest from a ‘first mover’

The rhetoric out of Trump’s cabinet on tariffs is changing, with Scott Bessent pushing for a “first mover” to sign on the dotted line for a deal with the U.S.

Fortune

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Trump Trade War Casts Pall In China's Southern Export Heartland

The blistering tariff war launched by Donald Trump this month cast a shadow Tuesday as businesses met to strike deals at a trade show in southern China, for decades a key hub for exports to the United States.

International Business Times

Trump’s tariffs are reckless – but they hold a key lesson for Democrats

There is a middle ground on tariffs. But Democrats’ free-trade advocacy allows Trump to play the populist

The Guardian - US

Stocks Set for Muted Open as Investors Await U.S. Economic Data and More Big Bank Earnings, Fed Speak on Tap

June S&P 500 E-Mini futures (ESM25) are up +0.05%, and June Nasdaq 100 E-Mini futures (NQM25) are up +0.14% this morning, pointing to a muted open on Wall Street, while investors await U.S. economic data, quarterly reports from more big banks, and remarks from Federal Reserve officials.

Barchart

US moves ahead with tariffs - launching pharma and chip investigations

The Trump administration has taken its next steps toward imposing more tariffs on key imports, launching investigations into imports of computer chips, chip making equipment and pharmaceuticals.

Euronews

Trump grumbles about China’s ‘lovely meeting’ with Vietnam, saying they're discussing how to ‘screw the United States of America’

Vietnam is Xi Jinping’s first stop on a three-nation Southeast Asia tour, as China and the U.S. escalate their trade war.

Fortune

The paralysis of trade war: ‘Almost every client I talk to has a war room,’ KPMG exec says, ‘and the members have completely dropped their day job’

Also: Auto tariffs on hold, maybe., Zuck will testify again today in FTC breakup case.

Fortune

Sensex Soars 1,500 Points: How Indian Markets Outperformed Global Peers?

Amid Global Tariff War, Markets Open In Green, Sensex Up By More Than 1500 Points. Read more at Dynamite News.

Dynamite News

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The Independent UK

Trump says Xi in Vietnam to ‘screw’ US as China calls for unity against tariff ‘bullying’

Chinese president urges Vietnam to resist ‘unilateral bullying’

The Guardian - UK

JD Vance says US hopeful of ‘great’ trade deal with UK

Vice-president says Donald Trump ‘loves’ the UK and there is good chance of reaching mutually beneficial agreement

Euronews

European markets open higher on hopes of Trump tariff exemptions

European markets opened higher after US President Donald Trump hinted at potential auto tariff relief, despite the push ahead with probes into pharma products and semiconductors.

The Independent UK

US moves ahead on tariffs with investigations into computer chips and pharmaceuticals

The Trump administration has taken its next steps toward imposing more tariffs on key imports, launching investigations into imports of computer chips and products that contain them, chip making equipment and pharmaceuticals

Get all your
news in one place.

100's of premium titles.
One news app.

Evening Standard

JD Vance says US is ‘working very hard’ on negotiating ‘great’ UK trade deal amid Trump tariffs chaos

‘I think there’s a good chance that, yes, we’ll come to a great agreement that’s in the best interest of both countries’ - JD Vance

The Independent UK

JD Vance says Trump ‘working very hard’ with UK on negotiating trade deal

The UK government has been pursuing a tariff exemption deal with the US

Euronews

Trump considers pausing auto tariffs as world economy endures whiplash

President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains.

International Business Times

Asian Stocks Mixed As Stability Returns, Autos Lifted By Exemption Hope

Asian stocks were mixed Tuesday as some stability returned to markets after last week's rollercoaster ride, with auto firms boosted by Donald Trump's possible compromise over steep tariffs on the sector.

Al Jazeera

Trump moves closer to semiconductor tariffs, floats pause on auto duties

US president says he is looking at offering relief to automakers as they adjust their supply chains.

International Business Times

China's Economy Likely Grew 5.1% In Q1 On Export Surge: AFP Poll

China is expected to post first-quarter growth of around five percent on Wednesday, buoyed by exporters rushing to stave off higher US tariffs but still weighed by sluggish domestic consumption, analysts say.

Euronews

President Trump claims to have solved US inflation amid market turmoil

The US president's remarks follow a global surge in stocks on Monday after he eased some of his tariffs.

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