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Small businesses warn of Trump tariff impact on toy industry at Comic-Con
Small businesses warn of Trump tariff impact on toy industry at Comic-Con
Economy
by  AFP

Small business owners used the festive backdrop of Comic-Con on Thursday to discuss a sobering topic: the negative impact that US President Donald Trump's proposed tariffs are having on the toy industry. Flynn said the impact was already visible at Comic-Con, where he had to limit himself to a small concession stand rather than a larger exhibit space.

Volkswagen takes 1.3-bn-euro hit from Trump tariffs
Volkswagen takes 1.3-bn-euro hit from Trump tariffs
Economy
by  AFP

German auto giant Volkswagen said Friday that tariffs imposed by US President Donald Trump had cost it 1.3 billion euros in the first half of the year as it reported falling profit. Overall net profit fell 38.5 percent year-on-year during the period to hit 7.28 billion euros ($8.54 billion).