IMF downgrades world growth, warns of 'precarious' 2020

Global trade tensions, continued uncertainty and rising prospects for a no-deal Brexit are sapping the strength of the world economy, which faces a "precarious" 2020, the International Monetary Fund warned on Tuesday.

Chemical makers oppose new tariffs

In June, chemical manufacturers converged on Washington, D.C., to urge the Office of the U.S. Trade Representative (USTR) to remove certain chemicals from a new list of tariffs proposed by the Trump administration. The additional ...

Game console makers oppose China tariffs

Game console makers Microsoft, Sony and Nintendo have joined forces in opposing expanded tariffs on China, saying the plan would make their products unaffordable for the coming holiday season.

Apple says US tariffs on China would backfire

Apple is warning the US administration that proposed tariffs on Chinese imports would be counterproductive, saying they would hurt the iPhone maker's competitiveness and "tilt the playing field" to non-American rivals.

Walmart reports jump in profit, warns on tariffs

Walmart reported a jump in first-quarter earnings on Thursday on increased US store sales and e-commerce growth but warned that higher US tariffs could hit its business.

BMW warns profits will fall due to costs, trade uncertainty

German automaker BMW said Wednesday that profits in 2019 would be "well below" last year's and that it planned to cut 12 billion euros ($13.6 billion) in costs by the end of 2022 to offset spending on new technology.

Apple escapes China tariff hit for now, but threats loom

The latest round of tariffs imposed on China imposed by President Donald Trump appeared to largely spare Apple and other consumer electronics makers but they face increasing threats from the deepening trade war between the ...

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