China on Thursday said it “firmly opposes” sweeping new US tariffs on its exports and vowed “countermeasures to safeguard its own rights and interests”.US President Donald Trump has ignited a potentially ruinous global trade war after imposing 10 percent levies on imports from around the world and harsh extra duties on key trading partners.The Commerce …
China says opposes new US tariffs, vows ‘countermeasures’ Read More »
After weeks of anticipation, US President Donald Trump unveiled sweeping new tariffs on trading partners Wednesday, calling it a “declaration of economic independence.”A fresh “baseline tariff” of 10 percent will apply to economies around the world, with steeper rates tailored to those that Washington deemed as bad actors. But there are some exemptions.What are the …
Global financial markets were rocked on Wednesday by Donald Trump’s announcement of sweeping tariffs, targeting China and the European Union in particular, with the risk of undermining the international economy.The US president laid out the new measures after Wall Street stock markets had closed. But his announcement still rippled through the markets that were open …
Financial markets tumble after Trump tariff announcement Read More »
Wall Street stocks finished higher Wednesday following a volatile session ahead of US President Donald Trump’s latest tariff announcements, while European stocks ended the day lower. After initially retreating ahead of Trump’s “Liberation Day” of new trade levies, US indices forged higher during the session amid hopes that markets have oversold in anticipation of the plan.But …
US stocks end up, but volatility ahead after latest Trump tariffs Read More »
US President Donald Trump on Wednesday unveiled a raft of punishing tariffs targeting countries around the world including some of its closest trading partners, in a move that risks sparking a ruinous trade war. Speaking in the White House Rose Garden against a backdrop of US flags, Trump slapped the most stinging tariffs on China and …
In the Canadian city of Sarnia, on the Canada-US border, residents say they are exhausted and exasperated over once again being held hostage by President Donald Trump’s policies.In the morning, John Perz likes to come with a coffee to the banks of the river that separates the two countries, where the Canadian and American flags …
Canada’s Conservative Party leader Pierre Poilievre on Wednesday escalated his criticism of Donald Trump, outlining plans to confront a US president he said cannot be trusted to honor agreements. Hours before Trump was set to unveil sweeping tariffs that could punish the Canadian economy, Poilievre addressed an audience of business leaders in downtown Toronto, the epicenter …
Canada Conservative leader warns Trump could break future trade deal Read More »
Business was already tough for auto parts maker Asahi Tekko, but with US car tariffs due to bite this week its president has a simple message for Donald Trump: “Give me a break.”The 425 workers at the company are some of the 5.6 million Japanese people employed directly or indirectly in the auto sector who …
‘Give me a break’: Trump tariffs threaten Japan auto sector Read More »
China’s embassy in Bangkok called on Chinese companies operating abroad to comply with local laws after a Chinese construction firm came under scrutiny for a deadly building collapse in last week’s earthquake.The 30-storey skyscraper, set to house government offices, was the only major building to collapse in Bangkok when a 7.7 magnitude earthquake struck neighbouring …
China urges firms to follow laws after Bangkok building collapse Read More »
Chinese EV maker Xiaomi said it would cooperate with a police investigation into a fatal crash involving one of its cars which had been in autonomous mode just before the accident.Three college students died on Saturday night after their Xiaomi SU7 hit a concrete barrier on a section of the Dezhou-Shangrao Expressway in eastern Anhui …
Fatal Xiaomi crash raises questions about assisted driving tech in China Read More »
