RT March 11, 2026 The EU’s largest automaker, Volkswagen (VW), has announced that it will cut about 50,000 jobs in Germany, citing plunging profits, soaring energy costs and mounting trade pressures. In its annual report on Tuesday, VW said that net income nearly halved in 2025, falling to €6.9 billion (over $8 billion), its […]
Tag: tariffs
China is killing Boeing as a major Pentagon contractor
Inside China / Business Kevin Walmsley May 2, 2025 The Pentagon and Congress are concerned that Boeing’s safety, legal, and financial troubles leave the Defense Department vulnerable in event of the company’s bankruptcy. But while Boeing’s poor management and engineering problems are grave in the short term, it is China’s decisions to cut off Boeing […]
China orders its airlines to dump Boeing – Bloomberg
RT China has ordered its airlines to stop accepting Boeing jets as the trade war with the US continues to escalate, Bloomberg wrote on Tuesday, citing anonymous sources familiar with the matter. This development follows a series of reciprocal tariff hikes between the two nations. Last week, Washington increased tariffs on Chinese imports to a […]
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