AFP
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Strength in numbers: Latin America urges unity in face of Trump tariffs
Latin American leaders on Wednesday urged a united front to tackle US President Donald Trump's tariff onslaught and the economic uncertainty it has brought. Trump's tariffs on imports of non-US products, some of them suspended and altered numerous times, threaten economic disruption for CELAC economies.
Tariff war could cut US-China goods trade by 80 percent: WTO chief
The World Trade Organization chief said Wednesday the US-China tariff war could reduce trade in goods between the two economic giants by 80 percent, pulling down the rest of the world economy. President Donald Trump raised tariffs on China to 125 percent on Wednesday as the world's two largest economies fought over retaliatory levies.
Argentina braces for 24-hour strike as it awaits news on IMF loan
Argentina is bracing for fresh austerity protests Wednesday, with a 24-hour general strike slated to start at midnight against President Javier Milei, who remains focused on Washington and a new IMF loan. Thursday's labor action will be the third general strike in budget-slashing Milei's 16-month-old presidency, and was called by unions to protest his brand of "chainsaw" austerity.
Volkswagen says first-quarter profits impacted by Trump tariffs
German auto giant Volkswagen said Wednesday that tariffs on car imports into the United States ordered by President Donald Trump had dragged down its first quarter operating profit. Trump last month announced a 25-percent tariff on autos imported to the United States, which is the number one destination for German car exports.
Trump tells US to 'be cool' as China, EU strike back
US President Donald Trump brushed off global market panic Wednesday after China and the European Union announced retaliatory tariffs, telling Americans to stay "cool" despite his spiraling trade war.
Delta to trim capacity in light of weakening travel demand
Delta Air Lines withdrew its full-year profit forecast Wednesday and shelved some planned capacity hikes, pointing to a weakening demand outlook amid recession worries and worsening trade wars. In March, Delta had trimmed its first quarter forecast on the weakening outlook.
US Treasury chief defends tariffs, warns against aligning with China
US Treasury Secretary Scott Bessent warned countries Wednesday against aligning with China on trade, as he defended President Donald Trump's move to remake the world's biggest economy through sweeping tariffs that have stoked market turmoil.
Tata Steel to cut jobs at Dutch plant by 15 pct
Indian-owned steelmaking giant Tata Steel announced Wednesday it was slashing around 1,600 of the 9,200 jobs at its plant in the Netherlands, sparking a furious reaction from union leaders. Tata Steel in November 2023 announced it was scrapping 800 jobs but in reality few jobs were slashed after the announcement.
'Curve ball': Irish whiskey producers fret over US tariffs
For Tony Healy, an Irish whiskey producer in Dundalk, near the UK border with Northern Ireland, US tariffs of 20 percent on EU alcoholic drinks were a huge and unexpected "curve ball". Producers in the Republic of Ireland are looking enviously at distilleries across the border in the UK region of Northern Ireland where the tariff rate is just 10 percent.
AFP
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