U.S. tariffs

Steady8 stories4 sourcesLast updated: 12‏/5‏/2026

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5/12/2026

How Americans see China now

As President Trump heads to China this week, a new NPR-Chicago Council-Ipsos poll finds most Americans think U.S. tariffs have hurt both economies, and that the Iran war is bad for America.

NPR World

Volkswagen Posts 14.3% Profit Drop, Cites Higher U.S. Tariffs, Chinese Competition

Developing

Business·4/30/2026AI summary

Volkswagen Posts 14.3% Profit Drop, Cites Higher U.S. Tariffs, Chinese Competition

Volkswagen reported first-quarter operating profit of 2.5 billion euros, down 14.3% year-over-year and below analyst expectations of nearly 4 billion euros. Sales revenue fell 2.5% to 75.66 billion euros. CEO Oliver Blume cited wars, geopolitical tensions, trade barriers, and intense Chinese competition as headwinds. The company plans to cut around 50,000 jobs in Germany by decade's end and expects operating return on sales of 4-5.5% in 2026.

Kia Corp. Q1 net profit drops 23.5% on-year to 1.83 trillion won amid U.S. tariffs

Kia Corp. reported a 23.5% drop in first-quarter net profit to 1.83 trillion won due to 755 billion won in U.S. import tariffs and a weakening Korean won. Operating income fell 26.7% to 2.2 trillion won, though sales rose 5.3% to a record 29.5 trillion won. The automaker sold 779,000 vehicles globally, with eco-friendly vehicles comprising 29.7% of total sales.

(2nd LD) Hyundai Motor's Q1 net down 23.6 pct on U.S. tariffs, rising material costs

SEOUL, April 23 (Yonhap) -- Hyundai Motor Co., South Korea's top automaker, said...

Yonhap News

Hyundai Motor Q1 Net Profit Drops 23.6% on-Year Amid U.S. Tariffs, Rising Costs

NEWS

4/23/2026AI summary

Hyundai Motor Q1 Net Profit Drops 23.6% on-Year Amid U.S. Tariffs, Rising Costs

Hyundai Motor reported a 23.6% drop in Q1 net profit to 2.58 trillion won, citing U.S. auto tariffs and rising raw material costs. Tariff-related costs reached 860 billion won. Operating income fell 30.8% to 2.51 trillion won, while sales rose 3.4% to 45.93 trillion won. Global wholesale sales declined 2.5% to 976,219 units.

BMW Doubles Down on Sedans Despite U.S. Tariffs and SUV Dominance

BMW's North America chief Sebastian Mackensen has confirmed the company will continue producing sedans despite 15% U.S. tariffs on German imports and the surge in SUV sales. The updated full-size 7 Series, unveiled Wednesday, features technology originally developed for electric vehicles including a panoramic heads-up display and AI voice assistant. While the X7 SUV now outsells the 7 Series nearly 2-to-1 in the U.S., BMW argues sedans remain vital to its brand identity, with 45% of prospective customers still preferring four-door sedans.

Hyundai Motor, Kia Expected to Report Lower Q1 Earnings Amid U.S. Tariffs, Weaker Won

Hyundai Motor and Kia are forecast to report first-quarter operating profit declines of about 23 percent year-on-year, despite relatively solid sales performance. Hyundai Motor expects 2.78 trillion won in operating profit on 45.89 trillion won in sales, while Kia projects 2.32 trillion won on 29.62 trillion won in sales. The earnings declines are attributed to U.S. tariffs that took effect in April last year and increased warranty provisions due to a weaker Korean won.

At anti-Trump rally, Sánchez promises to ‘twist the arm’ of the global right

The Spanish leader pointed a finger in particular at U.S. tariffs and the war in the Middle East for leading to a broad erosion of multilateral institutions.

Politico EU