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.

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.

US stocks slid Thursday and the S&P 500 closed in correction, down more than 10% from its record high in February, as President Donald Trump threatened new tariffs on the European Union.

President Donald Trump’s 25% tariffs on steel and aluminum imports came into force Wednesday, triggering a reprisal from the European Union as the global trade war enters a new and risky phase. The latest US tariffs — which were applied without exemptions — kicked in after a tumultuous day at the White House,

The Dow continues to slide amid President Trump's tariffs escalating a global trade war. Trump now has threatened to put a 200% tariff on European wine after the EU hit back with retaliatory tariffs.

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.

President Donald Trump threatened to impose a 200% tariff on wine, champagne and other alcoholic beverages from France and elsewhere in the European Union, the latest escalation in a growing transatlantic trade war.