China’s Finance Ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10, following duties imposed by U.S. President Donald Trump’s administration earlier this week. “China urges the United States to immediately cancel its unilateral tariff measures and resolve trade differences through consultation in an equal, respectful and…
Boxes of Novo Nordisk’s weight-loss drug Wegovy in Oslo, Norway, Nov. 21, 2023. Victoria Klesty | Reuters Pharmaceutical companies breathed a sigh of relief Wednesday after U.S. President Donald Trump revealed that they would not be subject to reciprocal tariffs — but that reprieve could prove fleeting as the White House moves ahead with plans…
One country that did not feature on Donald Trump’s list of tariffs on US trade partners was Russia. US outlet Axios quoted White House Press Secretary Karoline Leavitt as saying this was because existing US sanctions on Russia “preclude any meaningful trade” and noting that Cuba, Belarus and North Korea were also not included. However,…
US President Donald Trump inspects a Guard of Honour at Buckingham Palace on June 3, 2019 in London, England. Toby Melville | Getty Images U.K. Business Secretary Jonathan Reynolds said the country faces a “threat” to its open economy from any global fallout from Trump’s new tariffs regime, which included a baseline 10% “reciprocal” tariff…
U.S. President Donald Trump speaks during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. Chip Somodevilla | Getty Images Markets have turned their sights on how U.S. President Donald Trump’s administration arrived at the figures behind the sweeping tariffs on…
Apple CEO Tim Cook, center, watches during the inauguration ceremonies for President Donald Trump, right, and Vice President JD Vance, left, in the rotunda of the U.S. Capitol in Washington, Jan. 20, 2025. Shawn Thew | Afp | Getty Images Apple slid more than 6% in late trading Wednesday and led a broader decline in…
Uncertainty surrounding upcoming U.S. tariffs has weighed on global markets over the last month — but President Donald Trump’s highly-anticipated Wednesday announcement may not end the turmoil, analysts say. Trump is expected to flesh out many unknowns in an address on Wednesday at 4 p.m. ET (9 p.m. BST), including exactly which countries and sectors…
US President Donald Trump, alongside Secretary of Treasury Scott Bessent (L) and Secretary of Commerce nominee Howard Lutnick (R), signs an executive order to create a US sovereign wealth fund, in the Oval Office of the White House on February 3, 2025, in Washington, DC. Jim Watson | Afp | Getty Images White House aides…
Australia’s Prime Minister Anthony Albanese during a press conference at Parliament House in Canberra on March 28, 2025. Mike Bowers | Afp | Getty Images Australian Prime Minister Anthony Albanese on Friday called a national election for May 3 as the country grapples with high cost of living and rising U.S. tariffs. That kicked off…
U.S. President Donald Trump shows a signed document in the Oval Office at the White House in Washington, D.C., U.S., March 26, 2025. Evelyn Hockstein | Reuters Another day, another tariff development from the Trump administration. In his latest move in the global trade war, U.S. President Donald Trump has announced a 25% tariff on…
