British carmaker Jaguar Land Rover has drastically reduced its estimated profits due to growing concerns over US tariffs on the automotive industry. The revision comes after President Donald Trump imposed a 25 per cent tariff on all foreign-made vehicles sold in the US market.

The U.S. economy has been full of surprises since the Federal Reserve started rapidly raising interest rates to quell inflation back in 2022. The latest shocker might just be that the Trump administration’s tariffs haven’t pushed up inflation more.

Trump's tariffs slashed farm exports, raised input costs and left farmers reliant on unsustainable bailouts, experts warn.

The global economy faces significant challenges as President Trump's tariff policies contribute to a slowdown in growth. International organizations and experts highlight the widespread impact on national economies and consumer finances,

Jaguar Land Rover (JLR) has downgraded its profit predictions for the year as it warned over the impact of President Donald Trump’s tariffs and heightened global uncertainty. The car giant has cut its cashflow expectations in a presentation to investors at its headquarter in Warwickshire.

Delta told the U.S. Commerce Department that millions of customers could be negatively affected if Trump imposes new tariffs.

The merchandise trade deficit stood at $21.88 billion in May, according to data published by the country's commerce ministry. That compared with the $22.09 billion recorded in the same month a year earlier. Exports fell by 2.2% on year to $38.73 billion, while imports ticked 1.7% lower to $60.61 billion.

GM CFO Paul Jacobson spoke at a recent conference about the automaker's plans to mitigate the costs of new tariffs imposed by the Trump administration.

Just one day after the US Court of Appeals temporarily reinstated the Trump Administration’s Liberation Day tariffs of between 10% and 50% on nearly every country in the world, Trump announced tariffs on all US imports of steel and aluminium will increase from 25% to 50%.

Brussels negotiators hope that by agreeing to a 10% US tariff on all European Union exports, they can avoid higher tariffs on cars, medicines, and electronics, according to a report in German newspaper Handelsblatt on Monday.