The German luxury carmaker said net profits tanked by more than a third last year, and warned that 2025 was also likely to be challenging.

Investors have been rushing to gold — a safe-haven asset — this year to hedge against risk from US President Donald Trump's trade war.

A full-scale global trade war would hurt the United States in particular and could re-energise Europe's push towards unity, European Central Bank President Christine Lagarde said on Friday.

President Trump said he would impose a 200% tariff on U.S. imports of wine, Champagne and other alcoholic beverages from the bloc.

President Donald Trump on Thursday threatened to impose a massive tariff on European alcohol in response to the European Union’s retaliation against his steel and aluminum tariffs – a tit-for-tat escalation of a trade war that could easily get out of hand.

Worsening relations with three of the United States’ biggest trading partners dominated a Senate hearing for the would-be U.S. ambassadors to Canada, Mexico and Japan.

The cost of beer is expected to rise due to the U.S. trade war with Canada, which exports aluminum widely used to make beer cans at American breweries. (N. Scott Trimble | [email protected]) N. Scott Trimble | [email protected]

Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a trade war abroad — all while on-again, off-again new levies continue to escalate uncertainty

Canada and the European Union swiftly unveil retaliatory levies against the U.S., hours after Trump's sweeping tariffs on steel and aluminum.

The President of the United States—the man with the nuclear codes—is angry and emotional and acting, frankly, erratically. And that is not my judgment. It is basically what his own Cabinet defenders are saying,