US Plans Temporary Tariff Increase to 15 Percent as Trade Policy Tightens

US Plans Temporary Tariff Increase to 15 Percent as Trade Policy Tightens

  • March 4, 2026

The United States is preparing to raise its temporary global import tariff rate to 15 percent from the current 10 percent, according to comments from Treasury Secretary Scott Bessent. The adjustment is expected to take effect soon as the government restructures its broader

Volkswagen Targets 20 Percent Cost Reduction by 2028 Amid Global Market Pressures

Volkswagen Targets 20 Percent Cost Reduction by 2028 Amid Global Market Pressures

  • February 16, 2026

Volkswagen is preparing a broad cost reduction strategy aimed at cutting expenses by 20 percent across all its brands by the end of 2028, according to German business media reports, as Europe’s largest automaker seeks to navigate mounting global challenges including weaker demand