The new normal for U.S. tariffs on foreign goods starts at 15%.

With inflation creeping back into the US economy, it's as important as ever to have a firm grasp on Donald Trump's tariffs and what they mean.

General Motors on Tuesday said tariffs on cars and auto parts drove $1.1 billion in losses over three months ending in June. A day earlier, Jeep maker Stellantis said it expects to have suffered $2.7 billion in losses over the first half of 2025 due in part to U.S. tariffs.

Volkswagen lowered its profit and cash flow guidance for the year after the German auto group’s quarterly operating profit dropped 33 per cent due to €1.3bn in tariff costs and its own restructuring c...