Economy
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.
25 Banned Items: US may ban more products, data shows top Imports from Nigeria in 2025
Recently published data show that the US import from Nigeria in January and February 2025 amounted to about $643 million amid 25 banned items from the US.
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.
How tariffs in the EU work
Customs duties, or tariffs, have become a political punching ball as the European Union prepares to respond to US President Donald Trump's recent offensive. Typically, very low customs duties are applied to oil or liquefied gas "because consumers and companies need them, and the European Union does not necessarily produce them," said Guimbard.
'Catastrophe': Volkswagen town rattled by Trump trade war
The dour mood at Germany's crisis-hit auto giant Volkswagen has given way to angst and fury as US President Donald Trump has escalated a trade war against friends and foes alike. Veteran auto workers who spent decades at the plants of Germany's storied industrial titan fear for the worst since Trump has ramped up a range of import tariffs, sparking global market turmoil.
Greek general strike hits transport and commerce
More than 15,000 people took to the streets in Greece on Wednesday in the second 24-hour general strike this year, calling for higher wages to match the rising cost of living. Although Greece saw high economic growth of 2.2 percent last year, salaries remain low despite rising taxes and inflation that hit 3.5 percent in the middle of last year.
Economy
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