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Eastern Europe

Daimler cuts 2018 profit outlook as tariffs strike U.S.-made SUVs

Daimler said profit would fall in 2018 as new import tariffs on light vehicles exported from the United States to China would hurt sales of high-margin Mercedes-Benz SUVs.


Russia, Japan, Turkey warn of tariff retaliation against U.S.

Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminum, the World Trade Organization said on Tuesday, bringing the total U.S. tariff bill to around $3.5 billion annually.

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