Donald Trump’s victory in U.S. elections has raised the specter of higher tariffs on China — but it may not be the only Asian country that faces this predicament, according to Goldman Sachs. While the U.S. bilateral trade deficit with China has decreased somewhat since the Trump administration, deficits with other Asian exporters have risen…
Trader Walter Lundon shows off his shirt featuring US President-elect Donald Trump, on the floor of the New York Stock Exchange (NYSE) in New York City on November 6, 2024. Timothy A. Clary | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors…
Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 7, 2024. David Swanson | Reuters Minneapolis Federal Reserve President Neel Kashkari said Sunday that President-elect Donald Trump’s tariff proposals could worsen long-term inflation if global…
Reuters Hurricane Milton hit Florida last month, two weeks after Hurricane Helene A Federal Emergency Management Agency (Fema) supervisor has been fired for telling staff helping hurricane survivors to skip houses displaying signs supporting Donald Trump. The agency’s head, Deanne Criswell, described the supervisor’s actions as “reprehensible”, saying Fema takes its mission “to help everyone…
Tesla CEO Elon Musk (R) joins former U.S. President and Republican presidential candidate Donald Trump during a campaign rally at the site of his first assassination attempt in Butler, Pennsylvania, on Oct. 5, 2024. Jim Watson | Afp | Getty Images Tesla and SpaceX CEO Elon Musk, the billionaire backer of newly minted President-elect Donald…
A senior adviser to president-elect Donald Trump says the incoming administration will focus on achieving peace in the war in Ukraine rather than winning back territory. Bryan Lanza, a Republican party strategist, told the BBC the Trump administration would ask Ukrainian President Volodymyr Zelensky for his version of a “realistic vision for peace”. “And if…
Black business leaders are trying to figure out why Vice President Kamala Harris lost the presidential race, and how to approach the coming administration of President-elect Donald Trump. “It certainly means change. That’s what the voters wanted, and that’s what they thought President Trump represents,” said Charles Phillips, co-chair of the Black Economic Alliance and…
Getty Images Donald Trump waits in court during his Manhattan criminal trial in May. Donald Trump’s return to the White House effectively slammed the door on the two cases involving federal criminal charges against him. A state case against him for allegedly conspiring to interfere with Georgia’s election in 2020 will go on hold until…
CEO of Siemens Joe Kaeser delivers a speech during the Siemens Annual Shareholders’ Meeting on February 3, 2021 in Munich, Germany. Pool | Getty Images News | Getty Images It’s still uncertain what Donald Trump’s second presidency will look like, but his first administration was highly responsive to business issues with a set way of…
Getty Images The bar facing the US consulate in Jerusalem is called Deja Bu – a witty reference to something you’ve drunk before. And outside the gates of the US compound, Israel is eager for a second round of Donald Trump. “I’m very pleased,” said Rafael Shore, a rabbi who lives in Jerusalem’s Old City….
