US President Donald Trump committed Wednesday to announcing “reciprocal tariffs” on other countries, saying he could sign an order for them within a day, a move that could open new fronts in a trade war.During election campaigning, Trump had promised: “An eye for an eye, a tariff for a tariff, same exact amount.”Analysts expect reciprocal …
Trump says to sign order on reciprocal tariffs today or tomorrow Read More »
US President Donald Trump’s planned 25-percent tariffs on all steel and aluminum imports will stack on the hefty duties earlier announced on Canada and Mexico, a White House official told AFP Wednesday.Trump had in early February unveiled sweeping tariffs of 25 percent on Canadian and Mexican goods, with a lower rate of 10 percent on …
Trump’s 25% steel, aluminum tariffs add on to Canada and Mexico duties: W.House Read More »
When Shale Tobe heard President Donald Trump planned to impose tariffs on Canadian steel, a product that has supported his family for decades, he was in New York on holiday, “spending money down in the US.””I’ll have second thoughts about that” now, he told AFP on the warehouse floor of North York Iron, a family-owned …
Canadian steel firms face turmoil after US ‘stab in the back’ Read More »
US stock markets tumbled on Wednesday as an inflation reading came in hotter than expected, fanning fears that the Federal Reserve will keep interest rates higher for longer. Following days of attention on US President Donald Trump’s tariff moves, traders were focusing on the January consumer inflation data, which is set to play a role in …
US stocks fall as inflation unexpectedly heats up Read More »
Buffeted by tariffs and threats from Washington, the European Union and Canada hailed their “friendship” and discussed drawing closer together Wednesday, in the latest sign of a Brussels push to diversify trade away from the United States.Canadian Prime Minister Justin Trudeau held talks with top EU officials in the Belgian capital after US President Donald …
Hit by Trump, Canada and EU seek comfort in numbers Read More »
Asian stock markets rose and there were fresh record highs for leading European indices Wednesday as attention turned to upcoming US inflation data.Following days of attention on US President Donald Trump’s tariffs, traders switch focus to the latest Consumer Price Index (CPI) which could alter Federal Reserve thinking on the outlook for interest rates.”Bar a …
Asian equities rose while London and Frankfurt hit fresh highs Wednesday as traders took in their stride a warning from Federal Reserve boss Jerome Powell that the US central bank was in no hurry to cut interest rates.The remarks, reflecting similar sentiments from another top monetary policymaker, came a day before the release of closely …
Asian, European stocks rise as Powell rate warning taken in stride Read More »
Most equities rose in Asia on Wednesday as traders took in their stride a warning from Federal Reserve boss Jerome Powell that the US central bank “did not need to be in a hurry” to cut interest rates again.The remarks, reflecting similar sentiments from another top monetary policymaker, came a day before the release of …
Asian stocks mostly rise as Powell rate warning taken in stride Read More »
The unfathomable scale of the world’s largest religious festival in India overshadows many nations in size — and for the economy, its impact is just as dramatic.”Business is booming everywhere for everyone across our city,” said taxi driver Manoj Kumar, whose northern Indian home of Prayagraj has swelled from its normal seven million residents dozens …
India’s Hindu mega-festival supercharges economy Read More »
US stock markets wobbled and gold hit fresh highs Tuesday as traders kept a nervous eye on US President Donald Trump’s next tariff moves and worried about inflation and interest rates.European markets rose, with both Frankfurt and London again setting records, while Asian equity markets struggled for direction.All three major US indices had opened lower, …
Global stocks wobble, gold shines as tariff uncertainty looms Read More »
