President Donald Trump’s tariffs cost German auto giant Volkswagen about $1.5 billion over the first half of 2025, the company said on Friday. Sales in North America plunged 16% due primarily to U.S. tariffs, said Volkswagen, which owns a host of brands including Audi, Lamborghini and Porsche.

Meanwhile, German automobile giant Volkswagen has seen profits tumble as a result of US tariffs. Meanwhile, the number of deportations from Germany is up slightly compared to the first half of last year.

The German automaker said it expects challenges due to political uncertainty, expanding trade restrictions and geopolitical tensions.

President Donald Trump visited the Federal Reserve headquarters in Washington Thursday, where he publicly scorned Fed chairman Jerome Powell over the costs of a long-planned, roughly $2.5 billion renovation project.

As president, Donald Trump doesn't get a lot of pushback, but he got some Thursday from Federal Reserve Chairman Jerome Powell about the renovation costs of the Fed's headquarters

Justice Department officials interviewed Ghislaine Maxwell, the longtime associate of Jeffrey Epstein who is serving a 20-year sentence for sex trafficking, in Tallahassee, Fla., on Thursday. Senators used a similar approach in the past to overcome a stalemate on judicial nominations.

The Trump Administration has tried—and failed—to put tensions over its handling of convicted sex offender Jeffrey Epstein's case to bed for weeks. But they’ve only continued to escalate as news outlets have reported new information related to President Donald Trump’s years-long relationship with Epstein and potential inclusion in files related to the case.