From a sleek all-electric Volvo to Ferrari's muscular two-seat convertible, there will be some major changes in the automotive world that you need to keep on your radar
Originally Appeared on Architectural Digest
MONTREAL — The notion that Canadian companies can simply switch supply chains in response to American tariffs is a fantasy, experts say.
(Reuters) -U.S. chip companies, banks and oil majors fell sharply on Friday after China retaliated to Trump's tariffs with steep duties, in an intensifying trade war between the world's two largest economies that cast a shadow on global growth. China slapped additional duties of 34% on U.S. goods, set to go into effect April 10. The action followed U.S. President Donald Trump's 34% duties on imports from China announced on Wednesday, which triggered a massive market meltdown on Thursday.
As Donald Trump is unleashed a fresh slate of tariffs on so-called ‘Liberation Day’, data correspondent Alicja Hagopian examines which countries are most at risk from new tariffs on up to $3.3 trillion of goods.
The German automaker has temporarily halted rail shipments of vehicles from Mexico and will hold at port cars arriving by ship from Europe, the report said, citing a memo to retailers. Trump's 25% auto tariffs will cover more than $460 billion worth of imports of vehicles and auto parts imports annually, according to a Reuters analysis of tariff codes included in a federal register notice. Volkswagen's response to the tariffs was first reported by Trade publication Automotive News.
At the recent Annual General Meeting held on April 3, 2025, Canadian Imperial Bank of Commerce (TSX:CM) shareholders approved amendments to By-Law No. 1 concerning directors' remuneration and administrative matters, highlighting the company's focus on governance improvement. Despite the broader market experiencing a significant downtrend due to global tariff fears, leading to a 5.6% decline in the market, CIBC's stock showed resilience with a 1% increase over the past week. This positive...
Economists say the president's import taxes could result in higher prices for a range of products in the US.
In the wake of the U.S. tariffs on Canada's auto industry, Conservative Leader Pierre Poilievre is being accused of copying the NDP's idea for boosting domestic vehicle manufacturing. Poilievre announced Thursday that a government led by him will take the GST off the sale of new Canadian-made vehicles in reaction to the 25 per cent tariffs U.S. President Donald Trump has put on Canada's auto sector. "In addition to unfair and counterproductive tariffs on our aluminum and steel, President Trump i
"We ... strongly support pharmaceuticals not being included in the reciprocal tariff proposal, as a blanket tariff would potentially risk shortages of essential medicines for American patients." "Regarding the limited volumes we export from the EU to the U.S., we will explore on a case by case basis the feasibility of relocating some of our production." The carmaker said it would temporarily pause production at some of its Canadian and Mexican assembly plants, such as its Windsor assembly plant in Canada.
MOSCOW (Reuters) -The Western-backed Caspian Pipeline Consortium is preparing to challenge in a Russian court a regulatory order that has crippled its exporting capabilities and threatened to cut oil flows to global markets, three industry sources told Reuters. Earlier this month, Russia's transport regulator ordered the CPC consortium, whose shareholders include Chevron and Exxon Mobil, to suspend operations at two of the three moorings at its Black Sea exporting terminal following snap inspections related to a massive oil product spill in December. The CPC pipeline is a key oil export route for Kazakhstan, which - due mainly to rising production from the giant Chevron-led Tengiz oilfield - has been breaching export quotas within the OPEC+ producer group, which includes OPEC and Russia.
Trump Tariffs Rock Tech Stocks, TSMC Down in Early Trading
After 25 years of building industrial equipment in the United States, German engineering firm WIWA faces a dilemma that could completely reshape its transatlantic operations after President Donald Trump implemented sweeping duties on foreign imports. Though it manufactures many of its high-tech painting and coating products in the United States - a market accounting for a quarter of its sales - a 20% tariff on European goods announced by Trump Wednesday is set to drive up its costs.
LONDON/MILAN/PARIS (Reuters) -U.S. drinkers will pay more for cocktails, champagne and foreign beers, brands will disappear from bar menus and jobs will be lost on both sides of the Atlantic as a result of U.S. President Donald Trump's reciprocal tariffs, drinks industry bodies and analysts said on Thursday. Trump's latest round of global and country-specific tariffs was set to hit everything from the popular negroni cocktail, based on Italy's Campari liqueur, to Guinness stout, made by the world's top spirits producer Diageo. He also introduced a 25% levy on all beer imports and added beer cans to existing aluminium tariffs, hitting labels such as Mexican-made Corona and Dutch Heineken.
Rivian Automotive's (NasdaqGS:RIVN) recent strategic decisions, notably the spin-off of its micromobility business and the appointment of a new Chief Accounting Officer, coincide with a 2% share price rise over the past month. The company's price movement contrasts with broader market declines, such as a 4% drop in the Nasdaq Composite amidst global trade tensions and escalating tariffs impacting tech and automotive sectors. While Rivian has experienced positive investor sentiment surrounding...
COPENHAGEN (Reuters) -Danish jeweller Pandora said on Thursday it estimates the total impact of U.S. tariffs on the company to be around 1.2 billion Danish crowns ($178.34 million) per year, before any mitigating actions by the company. Pandora's share price plunged 12% on Thursday to a 15-month low after U.S. President Donald Trump hiked duties on imports from a wide range of countries, including a 37% tariff on Thailand, where the company owns two factories producing most of its charm bracelets and other jewellery. Pandora, whose single biggest market is the U.S., accounting for 31% of revenue last year, said the impact from tariffs set to take effect on April 5 and April 9 would be an estimated 700 million crowns in 2025.
The H20 is the most advanced artificial intelligence chip that Nvidia is legally allowed to sell in China following U.S. export controls.
There’s nowhere to hide in the auto industry from President Donald Trump’s auto tariffs, according to former Ford CEO Mark Fields.
Steep U.S. tariffs on all imported vehicles are set to drive prices, already high in part because of pandemic-related disruptions, higher still for both new and used cars, experts say.
HOUSTON (Reuters) -Oil prices plunged 7% on Friday, settling at their lowest close in more than three years, as China ramped up tariffs on U.S. goods, sharply escalating a global trade war that has investors worried about a recession. China announced it will impose additional tariffs of 34% on all U.S. goods from April 10. Nations around the world have readied retaliation after Trump raised tariff barriers to their highest in more than a century.
Enbridge (TSX:ENB) recently announced a partnership with WhiteWater and MPLX LP on the Traverse Pipeline project, which will enhance gas transport options. Over the past month, the company's shares increased by 6%, contrary to a broader market downturn amid escalating global trade tensions linked to recent tariffs. The executive appointment of Steven W. Williams as Chair could have also positively influenced investor sentiment towards Enbridge. While most major indexes faced significant...
CALGARY — Fears of a tariff-driven recession have led to a steep drop in the price of crude oil, walloping Canadian energy stocks and stoking worry about the sector's outlook should the weakness persist.
