
US Retail, Auto & Tech Giants Warn of Profit Shocks Amid Tariff War
US retail, auto and tech giants warn of profit shocks as tariffs drive up costs – Apple sees $900M hit, GM up to $5B at risk amid trade tensions.
My Global News: Voices of a New Era
π Stay Ahead, Stay Global π
US retail, auto and tech giants warn of profit shocks as tariffs drive up costs – Apple sees $900M hit, GM up to $5B at risk amid trade tensions.
In the first 100 days, new U.S. tariffs triggered a global trade drop; experts warn of a long tariff war of attrition across G20 markets.
Chinese Ambassador Xie Feng says Beijing opposes tariff wars and urges global cooperation for shared economic growth and stability.
The US imposes 10% tariffs on Chinese imports over fentanyl concerns, prompting China to retaliate with new duties. Both nations navigate escalating trade tensions.
A proposed 10% tariff on Chinese mainland goods by Donald Trump could impede vital US-China cooperation in combating fentanyl, despite China’s extensive anti-drug efforts.