FILE PHOTO: The American flag flutters at a Nissan automobile dealership in Irvine, California, U.S., March 27, 2025. Mike Blake | Reuters Nissan Motor’s new Americas leader said the automaker is aiming to “max out” production at its largest American production plant amid President Donald Trump’s 25% auto tariffs. Christian Meunier, who started as chairman…
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC. Stefani Reynolds | Afp | Getty Images Chinese online retailer Temu, whose “Shop like a billionaire” marketing campaign made its way to last year’s Super Bowl, has…
Federal Reserve Chair Jerome Powell expressed concern in a speech Wednesday that the central bank could find itself in a dilemma between controlling inflation and supporting economic growth. With uncertainty elevated over what impact President Donald Trump’s tariffs will have, the central bank leader said that while he expects higher inflation and lower growth, it’s…
Charlotte Edwards Business reporter, BBC News Getty Images The World Trade Organization (WTO) has forecast that global trade will fall this year because of US President Donald Trump’s tariffs. It added “severe downside risks”, including reciprocal tariffs and political uncertainty, could lead to an even sharper decline in global goods trade. “The decline is expected…
In this photo illustration, a double exposure images shows U.S. President Donald Trump against the EU flag. Sopa Images | Lightrocket | Getty Images The European Union is preparing for more tariffs from the United States, despite conversations with the U.S. President Donald Trump’s administration earlier this week. It’s been an intense back-and-forth over the…
Packages ride on a conveyor belt during Cyber Monday, one of the company’s busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty Images Amazon is reaching out to third-party merchants, who account for the majority of products the company sells, to gauge how President…
Annabelle Liang Business reporter Getty Images Xi started his South East Asia trip in Vietnam China’s President Xi Jinping has called on Vietnam to oppose “unilateral bullying” to upkeep a global system of free trade – though he stopped short of naming the US. It comes as Xi is on a so called “charm offensive”…
William_potter | Istock | Getty Images The U.S. Commerce Department is conducting a national security investigation into imports of semiconductor technology and related downstream products, according to a Federal Register notice put online Monday. The official document — which calls for public comments on the investigation — further confirms that chips and the electronics supply…
A woman stands with a coffee and looks at her phone on U.K. high street. John Keeble | Getty Images News | Getty Images British retailers have warned that Chinese companies risk flooding the U.K. with low cost goods as U.S. President Donald Trump’s tariffs choke off access to the world’s largest consumer market. The…
US President Donald Trump’s administration has exempted smartphones and computers from reciprocal tariffs, including the 125% levies imposed on Chinese imports. US Customs and Border Patrol published a notice late on Friday explaining the goods would be excluded from Trump’s 10% global tariff on most countries and the much larger Chinese import tax. The move…
