Trump to put 25% tariffs on EU cars, says bloc not complying with trade deal
The status of the pact was first put in doubt after the Supreme Court ruled the president lacked legal authority for his duties on EU goods
· Associated Press
Follow the story
Business & Economy
A focused view of neutral reporting on Business & Economy, brought together across publishers.
Explore all topics →
Neutral reports only
Newest first · UTC+11:00Trump to put 25% tariffs on EU cars, says bloc not complying with trade deal
The status of the pact was first put in doubt after the Supreme Court ruled the president lacked legal authority for his duties on EU goods
· Associated Press
Kalshi promo code NYPMAX: Trade $10, get $10 for the Stanley Cup Playoffs
It’s an elimination night in the Stanley Cup playoffs, and new users can apply the Kalshi promo code NYPMAX to get a sign-up bonus on Friday’s action in Montreal and Vegas.
· Michael Leboff
Trump raises EU car tariffs to 25% and accuses bloc of breaking trade deal | The National
US President Donald Trump announced on Friday that he would raise tariffs on vehicles imported from the EU to 25 per cent, accusing the bloc of failing to comply with a trade deal.
· The National
Thousands march in LA for May Day as unions push school walkouts, ‘economic blackout’
Thousands of workers, union members and activists are expected to flood downtown Los Angeles on Friday for May Day, with organizers urging supports to skip work, school and shopping as part of a broader “economic blackout.”
· Kevin Barr
US military and 7 companies make deals to use AI in classified systems
The Pentagon is seen from Air Force One as it flies over Washington on March 2, 2022. (AP Photo/Patrick Semansky, File)
· Ben Finley
Japan refiner Taiyo buys oil from Russia as Middle East alternative
Taiyo Oil is buying crude from the Sakhalin-2 project in the Russian Far East. © Kyodo
· Staff Writer
Apple stages sharpest rally in 9 months as execs cite iPhone, Mac demand in boosting guidance
Apple shares jumped more than 4% on Thursday, headed for the sharpest rally since August, after the iPhone maker reported better-than-expected quarterly results and issued revenue guidance for the current period that sailed past analysts' estimates.
· Jennifer Elias, Ari Levy
Blackburn, Klobuchar slam Mark Zuckerberg for banning law firm ads for victims of social media addiction: ‘Disturbing’
Sens. Marsha Blackburn (R-Tenn.) and Amy Klobuchar (D-Minn.) blasted Meta’s Mark Zuckerberg on Friday over the tech giant’s “disturbing” move to take down ads from law firms that offered to represent victims of social media addiction.
· Thomas Barrabi
Japan bank signs over $2bn in loans for US investments
The Japan Bank for International Cooperation and the country's top three banks will jointly finance the investment. (Photo by Daiki Katagiri)
· Staff Writer
Trump announces tariffs on European cars going to 25% next week — claims bloc ‘not complying’ with trade deal
WASHINGTON — President Trump announced Friday he would soon raise tariffs to 25% on vehicles imported from the European Union, claiming the bloc was non-compliant with its US trade deal.
· Caitlin Doornbos
Iran war-driven surge in oil prices pushes Japan toward yen intervention
Atsushi Mimura, Japan's vice finance minister for international affairs, speaks to reporters at the Finance Ministry in Tokyo on May 1. (Photo by Jo Ishibuchi)
· Staff Writer
Apple shares pop 4% as shoppers race to buy updated iPhones, MacBooks
Apple shares popped more than 4% on Friday morning after reporting huge demand from shoppers for its flagship iPhones and MacBooks – but Wall Street still has questions about the company’s artificial intelligence strategy.
· Thomas Barrabi
May 1, 2026 Russian Growth Outlook Darkens as Ukraine Hits Oil Infrastructure
Russian economic growth could slow far more sharply than the Kremlin expects this year as Ukrainian drone attacks on oil infrastructure disrupt exports and force production cuts, the Kremlin-linked Center for Macroeconomic Analysis and Short-Term Forecasting (CMAKP) has said.
· The Moscow Times
A seismic shift in the global oil market
THE United Arab Emirates (UAE) has opted out of the Organization of Petroleum Exporting Countries (OPEC), the cartel that controls the ebb and flow of oil in the global market.
· The Editorial Board
Trump says U.S. will increase tariffs on EU cars and trucks to 25 pct next week
WASHINGTON, May 1 (Yonhap) -- U.S. President Donald Trump said Friday that his administration will raise tariffs on cars and trucks from the European Union to 25 percent next week, claiming that the regional bloc is not complying with a bilateral trade agreement with the United States.
· Song Sang-ho
‘60 Minutes’ journo Sharyn Alfonsi rips ‘corporate meddling’ amid Bari Weiss feud as her contract is set to expire
Veteran “60 Minutes” correspondent Sharyn Alfonsi ranted about “corporate meddling and editorial fear” at an event Thursday night after boss Bari Weiss shelved her report on El Salvador’s notorious CECOT prison.
· Taylor Herzlich
EU trade deal with South America’s Mercosur bloc takes provisional effect
The long-awaited trade deal between the European Union and South America’s Mercosur bloc has provisionally come into effect, boosting business ties amid tariff threats and deepening uncertainty around global cooperation.
· Al Jazeera
Pax Silica, 4,000 acres, US rules: Development, strategic surrender or capitulation?Pax Silica, 4,000 acres, US rules
BY now, Filipinos are being told to celebrate. Another “milestone.” Another “strategic partnership.” Another shiny promise of investment, jobs and technological upgrading, this time wrapped in the sleek branding of “Pax Silica” or, more poetically, the so-called Silicon Peace initiative. Peace, apparently, now comes…
· Anna Malindog-Uy
Trump says he'll place 25% tariff on autos from EU
President Donald Trump signs a presidential permit regarding pipeline construction in the Oval Office of the White House, Thursday, April 30, 2026, in Washington. (AP Photo/Alex Brandon)
· Josh Boak
SEC Commissioner Quevedo calls for unified action to build a competitive and inclusive Philippine economy
ERROR 404 page not found Click here to go to the home page
· The Manila Times
MBC calls for tripartite cooperation, good governance
ERROR 404 page not found Click here to go to the home page
· The Manila Times
Spot power market operations resume
ERROR 404 page not found Click here to go to the home page
· Ed Paolo Salting
PH kept out of US IP rights watchlist
ERROR 404 page not found Click here to go to the home page
· The Manila Times
Controlling inflation Filipinos’ most urgent concern – survey
ERROR 404 page not found Click here to go to the home page
· The Manila Times
War could slow Asean growth, ministers warn
ERROR 404 page not found Click here to go to the home page
· The Manila Times, Reuters
Trump Escalates Tariffs On EU Vehicles To 25%, Accusing Bloc Of Trade Deal Violations
President Donald Trump announced Friday that the United States will raise tariffs on cars and trucks imported from the European Union to 25% starting next week, citing the EU’s failure to comply with a 2025 bilateral trade framework.
· Tyler Durden
Pentagon announces deal with seven AI companies for classified systems
Washington, DC – The United States Department of Defense has announced a new agreement with seven Artificial Intelligence companies to use their advanced technologies for its classified networks.
· Joseph Stepansky
Anthropic eyes Japan expansion for Mythos AI, opposed by White House
Anthropic's new Claude Mythos AI model can find software vulnerabilities overlooked by human experts. (Photo by Suzu Takahashi)
· Staff Writer
Spirit Airlines preparing to shut down after failing to secure $500M bailout from Trump admin
Spirit Airlines is preparing to shutter operations after a $500 million bailout deal with the Trump administration fell apart, according to a report Friday.
· Taylor Herzlich
The Real Greek restaurant chain on brink of collapse
The restaurant chain The Real Greek, which has 28 outlets across the UK, could be set to close, after the company that owns it said cost pressures had made the business unsustainable.
· BBC News
US Mortgage Debt Hits $13.2 Trillion, Average Household Owes Nearly $109,000
Authored by Mary Prenon via The Epoch Times,
· Tyler Durden
O que é produtividade e por que ela é menor no Brasil do que em outros países
Há exatos 100 anos, Henry Ford criava o fim de semana ao introduzir nas fábricas da Ford Motor Company uma escala de trabalho com dois dias de folga. "Ele era um empresário, ele não fazia por moral ou sentimento. Ele dizia que era ‘cold business fact' e, depois de experimentar, conseguiu produzir mais carros de form…
· Jonas Santana
US imposes sanctions on three Iranian currency exchanges — accusing them of laundering billions
The US Treasury Department imposed sweeping sanctions Friday on three major Iranian currency exchange houses and more than a dozen front companies, The Post has learned, accusing them of laundering billions of dollars in foreign currency to bankroll Tehran’s military and proxy network.
· James Franey
Wall Street rises towards more records as oil prices slip
The main uncertainty for the global economy is where oil prices will go because of the Iran war
· Associated Press
Wall Street rises towards more records as oil prices slip
The main uncertainty for the global economy is where oil prices will go because of the Iran war
· Associated Press
Microbes coordinate activity to reduce competition, Israeli researchers discover
Researchers at Ben-Gurion University of the Negev have found that microbes living in communities actively adjust their behavior in response to one another, reducing competition and enabling coexistence, according to a study published in Nature Microbiology.
· THE MEDIA LINE STAFF
Elbit signs deal with US Army to provide THOR Group 2 portable drone systems
Elbit Systems’ FUSE division will supply its THOR Group 2 uncrewed aircraft system to the US Army through a partnership with Mistral Inc., the companies announced on Friday.
· JERUSALEM POST STAFF
Top 20 Global Concert Tours from Pollstar
The Top 20 Global Concert Tours ranks artists by average box office gross per city and includes the average ticket price for shows Worldwide. The list is based on data provided to the trade publication Pollstar by concert promoters and venue managers.
ACCC v Woolworths may have exposed the ‘magic’ of supermarket discounts – but will it change how we shop?
The seven-day trial in the watchdog’s case against the supermarket offered a rare glimpse into its internal machinations
· Catie Mcleod
I tried to live for 24 hours without using oil-based products. It was ridiculously impossible
The world’s economy is completely dependent on petrochemicals. Is there any way to avoid them?
· Caitlin Cassidy
Trump’s sons claim share in mining group supported by US govt – FT
A shell company backed by Donald Trump Jr. and Eric Trump has agreed to a merger with a mining group that secured up to $1.6 billion from the US government in 2025 to facilitate the extraction of tungsten in Kazakhstan, the Financial Times has reported.
· RT
Iraq starts work on Basra-Haditha pipeline for crude exports | The National
Iraq, Opec's second biggest oil producer, has started work on an pipeline linking Basra to Haditha with a planned capacity of 2.5 million barrels per day, as the country seeks new routes to export crude globally.
· Fareed Rahman
KKR bullish on sports investment, Asian stadium deals: co-CEO
Recent KKR acquisition Arctos Partners has invested in the Los Angeles Dodgers, home to two-way superstar Shohei Ohtani. (Nikkei montage/Source photos by AP and Reuters)
· Staff Writer
Raising children, robbing shops, ‘Don Tzu’: cartoonist Harry Harrison’s wry takes on April
Discover Harry’s View as our veteran cartoonist casts his satirical eye over the political, social and economic landscape
· SCMP
Raising children, robbing shops, ‘Don Tzu’: cartoonist Harry Harrison’s wry takes on April
Discover Harry’s View as our veteran cartoonist casts his satirical eye over the political, social and economic landscape
· SCMP
Uber to buy cab-ordering platform FlyTaxi ahead of ride-hailing regulation
Uber says acquisition of FlyTaxi part of its commitment to help grow taxi trade and provide ‘greater economic opportunities’ for drivers
· Connor Mycroft
Uber to buy cab-ordering platform FlyTaxi ahead of ride-hailing regulation
Uber says acquisition of FlyTaxi part of its commitment to help grow taxi trade and provide ‘greater economic opportunities’ for drivers
· Connor Mycroft
Manufacturing ISM Misses As Prices Surge Most Since April 2022, Employment Slides To Worst Print Of 2026
Amid the fog of war and fading 'hard' data, the final April S&P Global Manufacturing PMI printed 54.5, a small gain from the flash 54.0 print, and higher than the 52.3 February final print, although it came with a warning from Chris Williamson, Chief Business Economist at S&P Global Market Intelligence:
· Tyler Durden