The Intel headquarters in Santa Clara, California, US, on Wednesday, April 23, 2025. Intel Corp. is scheduled to release earnings figures on April 24. David Paul Morris | Bloomberg | Getty Images Intel CFO David Zinsner said President Donald Trump’s tariffs and retaliation from other countries has increased the likelihood of a recession. “The very…
The uncertainty around trade tariffs is complex but a period of uncertainty also provides Europe with an opportunity to assert itself as an economic and geopolitical superpower, the governor of the Bank of Latvia told CNBC Thursday. “With all this uncertainty and vulnerability, this is also the time of opportunities for Europe,” said Mārtiņš Kazāks,…
Steel piled up at Guoyuan Port in Chongqing, China, on April 20, 2025. Cfoto | Future Publishing | Getty Images BEIJING — China on Thursday said that there were no ongoing discussions with the U.S. on tariffs, despite indications from the White House this week that there would be some easing in the tensions. “At…
João da Silva Business reporter, BBC News Watch: ‘It will be expensive’ – Americans react to the impact of Trump’s tariffs on the economy US President Donald Trump has appeared to soften his recent comments on China and the head of the US Federal Reserve after recent clashes as he pursues his economic agenda. He…
U.S. President Donald Trump talks to the media, next to Tesla CEO Elon Musk with his son X Æ A-12, at the White House in Washington, D.C., U.S., March 11, 2025. Kevin Lamarque | Reuters Elon Musk said on Tuesday that he doesn’t like high or unpredictable tariffs, but any decision on what happens with…
Shoppers pass along the high street in Maidstone, UK, on Wednesday, April 16, 2025. Bloomberg | Bloomberg | Getty Images The International Monetary Fund downgraded the U.K.’s 2025 growth forecast in its latest economic outlook released on Tuesday, warning that U.S. President Donald Trump’s trade tariffs, higher borrowing costs and increased energy prices will dent…
Nikita Yadav BBC News, Delhi @MEAIndia/X Vance (left) and Modi discussed matters related to trade, defence and bilateral cooperation India and the US are making progress in negotiating a bilateral trade deal, the countries said after a meeting between Prime Minister Narendra Modi and Vice-President JD Vance in Delhi. Vance is currently on a four-day…
Companies large and small are turning to special U.S. Customs-approved sites to avoid, at least temporarily, the payment of new tariffs implemented by President Trump. These locations, called foreign trade zones (FTZs) and bonded warehouses, are specially designated, secured storage or manufacturing sites approved by U.S. Customs where freight is not subject to U.S. duties…
Business owners and CEOs are already stocking up on inventory, and some American shoppers are panic buying big-ticket items in anticipation of President Donald Trump’s tariffs. The sudden buying binge could cause an “artificially high” level of economic activity, said Federal Reserve Bank of Chicago President Austan Goolsbee. “That kind of preemptive purchasing is probably…
Close-up of ‘Shop Canadian’ poster displayed in a local storefront in Edmonton, Alberta, Canada, on April 4, 2025. Artur Widak | Nurphoto | Getty Images Just across the U.S.-Canada border, some small businesses are taking tariffs personally. President Donald Trump has said his wide-sweeping tariffs, even on some of the country’s closest trade partners, will…
