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Trump tells US to 'be cool' as China, EU strike back
Trump tells US to 'be cool' as China, EU strike back
by  AFP

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 to trim capacity in light of weakening travel demand
by  AFP

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.

Tata Steel to cut jobs at Dutch plant by 15 pct
Tata Steel to cut jobs at Dutch plant by 15 pct
by  AFP

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
'Curve ball': Irish whiskey producers fret over US tariffs
by  AFP

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
How tariffs in the EU work
by  AFP

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
'Catastrophe': Volkswagen town rattled by Trump trade war
by  AFP

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.