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BMW profit holds up despite Trump tariffs, China woes

BMW profit holds up despite Trump tariffs, China woes

German carmaker BMW reported solid profit Thursday despite US tariffs and tough competition in China -- delivering a far better result than the heavy falls reported by rivals Volkswagen Group and Mercedes-Benz. While Volkswagen saw profit plunge over 40 percent and said it would cut thousands of jobs in coming

Electric vehicle rethink to cost Honda almost $16 billion

Electric vehicle rethink to cost Honda almost $16 billion

Japan's Honda said Thursday it expected to book nearly $16 billion in expenses and losses related to a major reorientation of its electric vehicle (EV) strategy, blaming US policy changes and tariffs. "Honda believed EVs would be the optimal solution from a long-term perspective. Based on

Trump talks tax cuts, manufacturing, jobs and oil prices in Ohio, Kentucky

(The Center Square) – President Donald Trump visited Ohio and Kentucky Wednesday afternoon on what the media has dubbed his ‘affordability tour,’ where he travels the country advocating for his economic policies ahead of the 2026 midterm elections. The president’s first stop in Ohio was a manufacturing site for Thermo

Trump pushes forward with tariffs as lawsuits mount

(The Center Square) – President Donald Trump is advancing a new wave of tariffs, even as he faces renewed legal battles over their legitimacy, and consumers worry about higher prices. Trump is expected to announce new tariff investigations that could lead to higher import duties worldwide. These actions follow the Supreme

How Trump tariffs jolted Montana coffee roasters

The first year of President Donald Trump’s second term is giving Helena coffee roaster Steven Ladefoged the wrong kind of jitters. Trump rolled out tariffs of 10% to 15% on green (i.e., unroasted) coffee bean imports in April 2025, which then escalated to 50%. The fever didn’t

New lawsuit seeks to challenge Trump's newest tariffs

(The Center Square) – A nonprofit law firm that helped overturn President Donald Trump's tariffs under a 1977 law filed a new challenge Monday seeking to invalidate the president's newest tariff regime under a new law. After the U.S. Supreme Court ruled his tariffs illegal last

Judge tells Trump that 'clock is ticking' on costly tariff refunds

(The Center Square) – A judge gave the Trump administration time to build a system to streamline tariff refunds, but pointed out that the "clock is ticking" and U.S. taxpayers will pay the cost of delays. Customs and Border Protection requested 45 days to develop a system for