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Steelmaker ArcelorMittal warns of uncertainty
Steelmaker ArcelorMittal warns of uncertainty
Economy
by  AFP

Steelmaker ArcelorMittal warned Wednesday that tariff uncertainty could cause further economic disruption as its global footprint helped it weather the turbulence in the first quarter. "Heightened uncertainty around the terms of global trade is hurting business confidence and risks causing further economic disruption if not quickly resolved," ArcelorMittal's chief executive Aditya Mittal warned.

Jeep owner Stellantis suspends outlook over tariffs
Jeep owner Stellantis suspends outlook over tariffs
Economy
by  AFP

US-European auto giant Stellantis, whose brands include Jeep, Peugeot and Fiat, dropped its annual financial guidance on Wednesday due to uncertainty over US President Donald Trump's tariffs. But the company said it was "suspending its 2025 financial guidance...due to evolving tariff policies, as well as the difficulty predicting possible impacts on market volumes and the competitive landscape."

Aston Martin limits US car imports due to tariffs
Aston Martin limits US car imports due to tariffs
Economy
by  AFP

British luxury carmaker Aston Martin Lagonda said Wednesday that it is limiting shipments to the United States after US President Donald Trump slapped 25-percent tariffs on car imports. It is not the only British carmaker to adjust shipments due to Washington's tariffs, as Jaguar Land Rover paused exports to the United States in April while it worked on a new plan to adapt.