President Donald Trump has announced a 90-day pause for countries hit by higher US tariffs, but escalated a spiralling trade war with China. In a dramatic change of policy, just hours after levies against roughly 60 of America’s trading partners came into effect, Trump said he was authorising a universal “lowered reciprocal tariff of 10%”…
Trucks line up at the container terminal in the Longtan Port area of Nanjing Port, Jiangsu province, China on the evening of April 8, 2025. Cfoto | Future Publishing | Getty Images BEIJING — Citi on Tuesday became one of the first investment firms to lower its China growth forecast on escalating trade tensions with…
U.S. President Donald Trump’s tariffs and subsequent actions by other nations have cast a shadow over investors’ portfolios. Markets largely fell all around the world following the announcements, and the sell-off has extended into Monday. Trump and his administration has been defiant, with the U.S. president saying “it won’t be easy” and urging Americans to “hang…
China’s and U.S.’ flags are seen printed on paper in this illustration taken January 27, 2022. Dado Ruvic | Reuters BEIJING — Risks of an intense U.S.-China trade war are rising rapidly, according to analysts, after Beijing responded more forcefully than many had expected to U.S. President Donald Trump’s latest tariffs. In a shift in…
Jakub Porzycki | Nurphoto | Getty Images U.S. President Donald Trump’s tariffs and subsequent actions by other nations have cast a shadow over investors’ portfolios. Markets largely fell all around the world following the announcements, and the sell-off has extended into Monday. Trump and his administration has been defiant, with the U.S. president saying “it won’t…
A driver for an independent contractor to FedEx delivers packages on Cyber Monday in New York, U.S, on Monday, Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images President Donald Trump on Wednesday signed an executive order shutting the de minimis trade loophole, effective May 2. Trump in February abruptly ended the de minimis…
US President Donald Trump says he had an “extremely productive” first call with Canadian Prime Minister Mark Carney, amid an ongoing trade war between the two neighbours. In a Truth Social post, Trump said that the two will meet “immediately” after Canada’s upcoming elections on 28 April to discuss “politics, business, and all other factors”….
Brazil’s President Luiz Inacio Lula da Silva (L) walks with Japan’s Emperor Naruhito (R) during a welcoming ceremony at the Imperial Palace in Tokyo on March 25, 2025. Yoshikazu Tsuno | Afp | Getty Images Japan and Brazil on Wednesday agreed to establish a framework for foreign policy and defense exchanges during a state visit…
LONDON — Some investors are expressing a growing optimism about the U.K.’s economic outlook despite the country’s long-standing structural weaknesses, as its neighbors in the European Union deepen their trade dispute with the United States. That upbeat tone wasn’t reflected in the messaging of the Bank of England, as it held interest rates steady last…
Newly elected Canadian Prime Minister Mark Carney is likely to call a national election for 28 April, potentially as soon as this Sunday, multiple news outlets report. With Canada’s businesses reeling from a trade dispute with the US, Carney – a former two-time central banker – is expected to pitch himself as the candidate best…
