The trust between Europe and the U.S. is not yet broken despite President Donald Trump’s aggressive tariff policies, Joerg Kukies, acting German finance minister, told CNBC Thursday. “For trust to be broken, a lot more would have to happen because the transatlantic partnership has been built over so many decades that we will not get…
Andrew Bailey, governor of the Bank of England (BOE), during the Monetary Policy Report news conference at the bank’s headquarters in the City of London, UK, on Thursday, Nov. 2, 2023. The Bank of England left its benchmark lending rate at a 15-year high, ruling out any possibility of letting up on its fight against…
Robert Holzmann, governor of Austria’s central bank, during an interview in London, UK, on Monday, April 29, 2024. Bloomberg | Bloomberg | Getty Images Austrian central bank chief Robert Holzmann on Thursday said euro zone interest rates should be held until more clarity emerges on the path of U.S. tariffs and European Union countermeasures. “We…
Elon Musk meets with Indian Prime Minister Narendra Modi at Blair House in Washington DC, USA on February 13, 2025. Anadolu | Anadolu | Getty Images Tesla is cautiously navigating an entry into India, CFO Vaibhav Taneja said on Tuesday in the U.S., as the electric vehicle maker faces falling sales and tariff threats. Speaking…
A photo showing the logo of Swiss pharmaceutical giant Roche in Basel. SEBASTIEN BOZON | AFP | Getty Images Swiss pharmaceutical giant Roche on Tuesday said that it would invest $50 billion in the U.S. over the next five years, amid concerns about the impact of possible new White House tariffs on pharma goods from…
US Vice-President JD Vance has arrived in the Indian capital, Delhi, where he is due to hold talks with Prime Minister Narendra Modi amid global trade tensions sparked by Washington’s tariff policies. The talks are likely to focus on fast tracking a much-awaited bilateral trade deal between the two countries. Vance is also expected to…
Suranjana Tewari Asia Business Reporter Getty Images Li Chenggang is a former World Trade Organisation and UN representative China has unexpectedly appointed a new trade envoy, as officials said the US’s practice of “tariff barriers and trade bullying” is having a serious impact on the global economic order. Li Chenggang, a former assistant commerce minister…
Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City, U.S. November 12, 2024. Brendan Mcdermid | Reuters Federal Reserve Governor Christopher Waller said Monday he expects the impacts of President Donald Trump’s tariffs on prices to be “transitory,” embracing a term that got the central bank in trouble…
The Apple Fifth Avenue store in New York, U.S., on Monday, Feb. 24, 2025. Michael Nagle | Bloomberg | Getty Images On late Friday, the Trump administration welcomed the weekend in the best way: by announcing that electronics — such as smartphones, computers and semiconductors — will be temporarily exempted from his so-called “reciprocal” tariffs,…
An alert from U.S. Customs and Border Protection on Friday notified users of a glitch in the system that is used to exempt freight from tariffs, including shipments from China that were already on the water at the time of this week’s whipsaw in tariffs policy, and any trade from nations now under the 90-day…
