Stocks and the dollar tumbled while gold hit a fresh record high as panic gripped markets again Friday after Donald Trump admitted that his global tariff blitz could see “a transition cost”.The US president’s decision to delay crippling duties for 90 days sparked a frenzied scramble for equities that had been beaten down since his …
Stocks, dollar sink and gold hits record as Trump tariff panic returns Read More »
US President Donald Trump’s delay of steeper tariffs may have won brief respite on Wall Street, but analysts say his actions — which hit China especially hard — already bring the average US effective tariff rate to its highest in over a century.Besides imposing sweeping new 10 percent tariffs on goods from most US trading …
Despite Trump pause, overall US tariff rate at highest in a century Read More »
President Donald Trump claimed victory over Europe in the US tariffs war but acknowledged a “cost” to his surging trade offensive against superpower rival China as markets plunged again Thursday.Trump sought a victory lap at a White House cabinet meeting, saying the European Union had backed off from imposing retaliatory tariffs because of his tough …
US-China confrontation overshadows Trump’s ‘beautiful’ trade war Read More »
The EU paused plans for retaliatory tariffs on US goods Thursday after President Donald Trump abruptly suspended higher US duties on the bloc and other countries, leaving China in the crosshairs of his trade war.Trump’s about-face on Wednesday triggered a massive market rebound but Wall Street’s rally fizzled on Thursday and the dollar slumped, as …
EU halts counter-tariffs but no pause in US-China trade war Read More »
As stock prices flashed across a huge screen at a bustling intersection in China’s business hub Shanghai, finance workers shared their concerns after getting front-row seats to the global market turmoil wreaked by Donald Trump this week.After equities tanked at the beginning of the week, the US president on Wednesday paused the sweeping tariffs he …
Shanghai finance workers worry after front-row seat to tariff turmoil Read More »
Canadian Prime Minister Mark Carney called US President Donald Trump’s pause on global tariffs a “welcome reprieve” and said Ottawa will begin negotiations with Washington on a new economic deal after elections. After days of turmoil in global markets, the mercurial US president abruptly announced Wednesday a pause for 90 days on tariffs on most countries …
Canada PM says Trump’s pause on tariffs a ‘welcome reprieve’ Read More »
Taiwanese chipmaking giant TSMC reported Thursday a better-than-expected revenue for the first quarter on strong demand for AI technology, after tariffs slapped onto major economies by US President Donald Trump caused global uncertainty.Taiwan Semiconductor Manufacturing Company is the world’s largest contract maker of chips that are used in everything from Apple’s iPhones to Nvidia’s cutting-edge …
Taiwan’s TSMC says first quarter revenue up 42 percent Read More »
World Expo opens on Sunday with host Japan aiming to bring humanity together, despite global turmoil and tepid public enthusiasm for the six-month event showcasing innovation as well as Hello Kitty in algae form.A Mars meteorite the size of a sourdough loaf and a beating heart grown from stem cells are among the myriad futuristic …
Japan’s World Expo touts unity, and algae, in turbulent times Read More »
World Expo opens on Sunday with host Japan aiming to bring humanity together, despite global turmoil and tepid public enthusiasm for the six-month event showcasing innovation as well as Hello Kitty in algae form.A Mars meteorite the size of a sourdough loaf and a beating heart grown from stem cells are among the myriad futuristic …
Japan’s World Expo touts unity, and algae, in turbulent times Read More »
Vietnam and the United States agreed to start negotiations on a reciprocal trade agreement, Hanoi said on Thursday, hours after Washington delayed imposing an enormous tariff on the Southeast Asian manufacturing powerhouse. The United States was Vietnam’s biggest export market in the first three months of the year but President Donald Trump hit it with a …
Vietnam says it will start trade talks with United States Read More »
