Reuters Asia Business

In stunning U-turn, Trump walks back some tariffs, triggering historic market rally

10 Apr 2025

By Andrea Shalal, Susan Heavey and Andy Sullivan WASHINGTON (Reuters) – In a stunning reversal, U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending global stocks rocketing higher. Trump’s turnabout on Wednesday, which came less than 24 …

In stunning U-turn, Trump walks back some tariffs, triggering historic market rally Read More »

China ready to work with ASEAN to strengthen trade cooperation

10 Apr 2025

BEIJING (Reuters) – China is willing to work with its trading partners, including ASEAN countries, to strengthen communication and coordination, its commerce minister said in talks with Malaysian Trade Minister Zafrul Aziz. China’s Commerce Ministry said both talked about strengthening of China-Malaysia ties as well as China-ASEAN economic and trade cooperation. Malaysia is the chair …

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US stocks surge, dollar gains in dramatic relief rally as Trump pauses tariffs

10 Apr 2025

By Caroline Valetkevitch NEW YORK (Reuters) -Stock indexes posted their biggest one-day gains in years, with the S&P 500 recording its largest rise since 2008, while the dollar gained and Treasuries pared losses on Wednesday after U.S. President Donald Trump declared a temporary U.S. pause on tariffs. The announcement by Trump came in the afternoon …

US stocks surge, dollar gains in dramatic relief rally as Trump pauses tariffs Read More »

Nicaraguan President Ortega meets with Huawei executives

10 Apr 2025

(Reuters) – Nicaraguan President Daniel Ortega met with a Chinese delegation in Managua, made up of Huawei executives, official media reported on Wednesday. Ortega said that Nicaragua is willing to continue expanding cooperation with Chinese companies, according to the report. (Reporting by Gabriela Selser; Writing by Aida Pelaez-Fernandez; Editing by Sandra Maler)

US importers, whip-sawed by tariff uncertainty, move to sidelines

10 Apr 2025

By Juveria Tabassum and Lisa Baertlein (Reuters) -So many U.S. companies rushed in goods to avoid President Donald Trump’s threatened tariffs that imports soared to near-record levels in recent weeks. Now, retailers and other importers are hitting the brakes, awaiting clarity on where the new duties will land.  U.S. import bookings on massive container ships …

US importers, whip-sawed by tariff uncertainty, move to sidelines Read More »

Trading Day: Boom! Trump tariff pause sparks monster rally

9 Apr 2025

By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Trump blinks, Wall Street soars Wall Street clocked one of its best days in history on Wednesday after President Donald Trump announced a 90-day pause on tariffs and reduced levies on many countries, …

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Trump signs executive order to rebuild US shipbuilding

9 Apr 2025

WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday signed an executive order aimed at rebuilding U.S. shipbuilding and reducing China’s grip on the global shipping industry. Trump told reporters the U.S. would be spending “a lot of money on shipbuilding” to restore American capacity in the sector. (Reporting by Andrea Shalal; Editing by Chris …

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G7 chair Canada speaks to Japan, EU about market stability

9 Apr 2025

By Leika Kihara and Promit Mukherjee TOKYO/OTTAWA (Reuters) -Canada, chair of the Group of Seven advanced economies, is working with Japan and the European Union to maintain global stability in financial markets and the financial system, Canada’s Ministry of Finance said on Wednesday, as many of the world’s top finance leaders are on heightened alert …

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China files new complaint to WTO over Trump tariffs

9 Apr 2025

By Olivia Le Poidevin GENEVA (Reuters) -China filed a new complaint with the World Trade Organization on Wednesday after earlier telling the world trade body that U.S. tariffs on Beijing are “reckless” and threaten to further destabilise global trade. “The situation has dangerously escalated. …As one of the affected members, China expresses grave concern and …

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