The flags of the European Union (L) and China stand side by side at the Chancellery on June 20, 2023 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images China and the European Union are unlikely to become close allies quickly, analysts say, even as U.S. President Donald Trump’s tariffs sour relations…
People shop at an Apple store in Grand Central Station in New York on April 4, 2025. Michael M. Santiago | Getty Images Though U.S. President Donald Trump’s 90-day pause on many of his “reciprocal tariffs” has given some firms and investors respite, America’s largest company, Apple, hasn’t been so lucky. The Cupertino-based tech giant…
General view of the City of London skyline, the capital’s financial district. Sopa Images | Lightrocket | Getty Images Stock markets soared on Thursday, after U.S. President Donald Trump’s jarring about-turn on most tariffs, with sectors paring multi-day losses. Trump dramatically reversed course on the White House’s trade policies on Wednesday, dropping his country-specific tariffs down…
U.S. President Donald Trump attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | Reuters President Donald Trump’s tariff increase on imports from China would basically end most trade between that country and the U.S., according to economist Erica York. “It depends on how narrowly the tariff…
Liv McMahon Technology reporter Reuters The world’s most popular gadgets – phones, laptops, tablets, smartwatches – could be about to get a lot more expensive in the US. Many of them are made in China, which now faces a 125% tariff on its goods imported to the US, under President Donald Trump’s controversial trade policy….
U.S. Treasury yields moved lower on Thursday as investors breathed a sigh of relief after U.S. President Donald Trump enacted a 90-day tariff reprieve on most countries, reversing a sharp sell-off in bonds. At 4:50 a.m. ET, the 10-year Treasury yield was lower by over 10 basis points to 4.288%, and the 2-year Treasury yield also dropped just…
A Volkswagen emblem, attached to a tower at the Volkswagen Osnabrück GmbH plant, can be seen behind a red traffic light. Picture Alliance | Picture Alliance | Getty Images Europe’s auto giants slipped on Wednesday, extending recent losses as U.S. President Donald Trump’s sweeping tariffs on dozens of countries came into effect — including a…
President Donald Trump Saul Loeb | AFP | Getty Images Investors who followed President Donald Trump’s blunt advice to buy stocks on Wednesday morning received a windfall when the president hours later rolled back some of his market-ruining tariffs. At 9:37 a.m. ET, just minutes after the opening bell, Trump posted on Truth Social that…
Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of New York in Manhattan in New York City, U.S., April 23, 2024. Mike Segar | Reuters JPMorgan Chase CEO Jamie Dimon said Wednesday he sees the U.S. economy likely headed to recession as President Donald…
The sharp fall in stock markets across the world shows no sign of letting up after the US imposition of sweeping and swingeing tariffs and many are asking does this qualify as a stock market “crash” and what that could mean for them? The word crash has been used sparingly over the decades and is…
