Switzerland’s government expects high US tariffs to impact its revenue from value-added tax from next year as the levies weigh on growth https://t.co/ZmrmvY3Uhi ...

Core Insights - Volvo Group is facing significant challenges in its North American market due to trade tensions and a freight slowdown, impacting its outlook [3] - The company will incur a new 25% tariff on imports of heavy-duty and medium-duty trucks and parts starting November 1, adding to existing tariff-related costs of 500 million SEK in Q3 [3] - Volvo has reduced its 2025 sales outlook in North America to 265,000 trucks, a decrease of 10,000 units, due to new tariffs and weak demand [7] Market Conditions - The freight recession is negatively affecting demand, and new tariffs are expected to further slow orders into 2026 [6] - Customers are currently in a "wait-and-see mode" due to high uncertainty in the market [7] Production and Capacity - Volvo Group has a complete U.S. footprint for North American trucks but is preparing for potential tariff agreements between the U.S. and Mexico [4] - The company acknowledges a structural undercapacity in North America and recognizes the need to add capacity for both North and South American markets [4] - Despite the need for increased capacity, it is unlikely that Volvo will expand production in the near term due to ongoing demand challenges [6] Manufacturing Facilities - Volvo Trucks operates an assembly plant in Virginia and additional manufacturing facilities in Maryland and Virginia, along with seven parts distribution centers [5] - Mack Truck, a sister brand, shares a powertrain assembly facility in Maryland and has a new plant in Pennsylvania that recently began manufacturing the Mack Pioneer [5]

BREAKING: Futures Rise On Trump Comments, Earnings INVESTING RESOURCES Take a Trial Today Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! IBD Videos Get market updates, educational videos, webinars, and stock analysis. Get Started Caterpillar's (CAT) power equipment sales for data centers helped the Dow Jones Industrial Average heavyweight crush estimates in Q3, even though tariff costs dragged profit lower from a year ago. CA ...

(Reuters) -Online marketplace Etsy named insider Kruti Patel Goyal as its new chief executive officer on Wednesday, succeeding Josh Silverman, who has spent over eight years in the role. Etsy's shares, which have gained about 40% so far this year, were down nearly 7% in early trading, after the company also forecast muted gross merchandise sales (GMS) - a key metric - for the fourth quarter. A long-time Etsy executive, Patel Goyal, will take the helm on January 1, at a time when online retailers and mark ...

US President Donald Trump says he threatened India and Pakistan with 250% tariffs to help spur the resolution of their conflict earlier this year.He says Indian PM Modi, the “nicest-looking guy,” became a “killer, tough as hell” in that moment https://t.co/Qg1zyYVLDe https://t.co/aQN4WqZeOl ...

Japan and South Korea have both been pressured by Washington to commit to investing hundreds of billions of dollars in the US in exchange for lower tariffs. Here's what to know https://t.co/2qOeW39hP6 ...

The Senate voted 52-48 to approve a measure blocking President Trump’s tariffs on Brazil, with a handful of Republicans siding with Democrats in rebuking a central piece of the White House’s economic agenda https://t.co/fHrBjodQR2 ...

By Linda Pasquini and Helen Reid (Reuters) -Adidas' group sales dipped 5% in North America in the third quarter, weighed down by the end of the popular Yeezy sneaker line last year and a volatile global environment affected by U.S. tariffs. Global revenues, meanwhile, grew 3% to hit 6.63 billion euros ($7.73 billion) - a record, according to CEO Bjorn Gulden. Adidas has sought to put the Yeezy affair behind it since ending the highly profitable partnership with the brand's designer - the rapper Ye, form ...

Aston Martin reviews models amid tariffs, while GSK and Next lift guidance -- get briefed ahead of your morning calls with The London Rush https://t.co/zSpC6BCmVG ...

If you look at India and Pakistan. So I'm doing a trade deal with India and I have great respect and love, as you know, for Prime Minister Modi, we have a great relationship. Likewise, the Prime Minister of Pakistan is a great guy, a field marshal. They have a field marshal, you know, He's a great fighter.He really is. He's a great guy, too. And so I know them all.And I'm reading that seven planes were shot down. They're going at it and they're really starting to go. And it's a big thing.These are two nucle ...