EU threatens countermeasures over US tariffs
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Rodrigo Barbosa, Aura Minerals CEO, joins 'Money Movers' to discuss the company's IPO, the impact of tariffs on business and more.
The chip-making equipment supplier, whose clients include Intel, issued a warning days after Trump’s threat of 30% tariffs on the EU.
By Michael Erman and Patrick Wingrove (Reuters) -Johnson & Johnson halved its expectations for costs this year related to new tariffs and raised its full-year sales and profit forecast on Wednesday after a strong quarter for flagship cancer drug Darzalex and its cardiovascular devices.
Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a social media post.
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In the second quarter, J&J’s worldwide oncology sales shot up more than 20 per cent, offsetting declines in sales of its popular immune system medicine Stelara, which is facing a patent cliff. Sales in its smaller, medtech division increased 6 per cent.
Canadian Prime Minister Mark Carney on Wednesday said that Canada will introduce a tariff rate quota for countries with which it has free trade agreements, excluding the United States, to protect the domestic steel industry.
Critics of President Trump's tariff policies have been waiting for the import taxes to raise the inflation rate. That effect may be beginning.
Andrew Wilson, Deputy Secretary-General and Global Policy Director at the ICC, joined "Forbes Newsroom" to discuss President Trump's latest tariff plan.
Worsening inflation poses a political challenge for Trump, who as a candidate, promised to immediately lower costs, but instead has engaged in a whipsawed frenzy of tariffs that have jolted businesses and consumers.
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Gary Cohn, IBM vice chairman and former National Economic Council Director under President Trump, joins 'Squawk Box' to discuss the state of the economy, June's CPI data, President Trump's tariff agenda,