Gold fell for a second day after topping $3,500 an ounce for the first time, as investors booked profits and US President Donald Trump gave conciliatory gestures toward China and his central bank chief. Bullion slid as much as 1.9% in early Asian trading on Wednesday, after closing down 1.3% in the previous session. Prices…
President Donald Trump on Sunday declared that no country is ‘off the hook’ for what he called unfair trade balances, adding that no tariff exception was announced on Friday. This comes after the US Customs and Border Protection published a guidance, saying smartphones, computers and other electronics were exempted from the ‘reciprocal tariffs’. Trump said…
Apple Inc. has managed to dodge its biggest crisis since the pandemic — for the moment, at least. Donald Trump’s 125% tariffs on goods produced in China threatened to upend its supply chain as seriously as the Covid snarls did five years ago. On Friday night, the US president handed Apple a major victory, exempting…
While American consumers and markets wonder and worry about President Donald Trump’s on-again, off-again tariffs, there’s one group cheering him as they hope he’ll prop up their sinking business: Gulf coast shrimpers. American shrimpers have been hammered in recent years by cheap imports flooding the U.S. market and restaurants, driving down prices to the point…
Trade war live updates: China and EU on Wednesday retaliated to President Donald Trump sweeping reciprocal tariffs. Trade War Live Updates: US President Donald Trump on Wednesday announced a 90-day tariff pause for most nations after the US-imposed duties set off a massive trade war, with tensions escalating each passing day. However, China won’t be…
Trump considering a 90-day pause in tariffs for all countries except China: White House The Economic Times Stock market goes haywire with massive swings after ‘fake news’ reports about future of Trump’s tariff plan The Independent White House refutes report of Trump mulling 90-day tariff pause for all countries, except China Moneycontrol White House denies that Trump is…
As Indian equity markets panic turn and exporters brace for US President Donald Trump’s “Liberation Day” tariffs to kick in, the question is – will it be as harsh as feared? Regardless of gloom forecasters, pragmatism is the key. Trump has imposed a flat 26% tariff on Indian exports to the US in addition to…
The French finance minister, Eric Lombard, said on Saturday that the European Union (EU) could respond to the tariffs announced by US President Donald Trump by regulating the use of data by American big tech groups, among other measures. The European response to the massive tariffs announced by US President Donald Trump may go beyond…
(File photo) US President Donald Trump brushed off market chaos on Friday and doubled down on his aggressive trade stance, claiming it will ultimately supercharge the American economy. Writing on Truth Social, Trump said: “Big business is not worried about the Tariffs, because they know they are here to stay, but they are focused on…
China on Friday announced that it would impose additional tariffs of 34% on all US goods from April 10, days after Donald Trump announced reciprocal tariffs on several countries. US President Donald Trump with China’s President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019.(Reuters) Beijing also announced controls on exports…
