Reuters US Business

By Stephen Eisenhammer and Emily Green MEXICO CITY (Reuters) – President Donald Trump’s “Liberation Day” appeared set to end North American free trade and Mexico’s privileged access to the U.S.  Instead, Mexican officials are celebrating being left off Trump’s global tariffs list, with analysts suggesting the omission could prolong North American free trade.  On a …

Analysis-Mexico free trade with US may survive as Trump spares it from new tariffs, hits rivals Read More »

NEW YORK (Reuters) – The Markit CDX North American Investment Grade Index, a basket of credit default swaps that serves as a gauge of credit risk, widened to its highest since November 2023 on Thursday amid market turmoil fueled by U.S. sweeping tariffs. The index widened to 64.9 basis points, LSEG data showed. It rose …

US investment-grade credit risk gauge hits highest since November 2023 Read More »

By Carolina Mandl NEW YORK (Reuters) -Global equity long/short hedge funds erased their gains for the year on Thursday as stocks plunged after the Trump administration announced sweeping tariffs. The funds showed a 1.7% fall on the day, Goldman Sachs said. As of Thursday, long/short hedge funds were down 1.6% for the year. The day’s …

Equity long/short hedge funds wipe out year gains in market rout Read More »

By Davide Barbuscia and Suzanne McGee NEW YORK (Reuters) -Goldman Sachs warned sweeping U.S. tariffs will weigh on global growth and prompt the Federal Reserve to cut interest rates more aggressively than previously expected. “We view this as kind of a growth shock… this is going to be a hit to U.S. consumers,” Ashish Shah, …

US tariffs threaten growth shock, Goldman Sachs says Read More »

By Marcelo Teixeira NEW YORK (Reuters) – The first U.S. tariffs on coffee imports since colonial times will increase costs and complexity to importers and roasters already dealing with near-record prices. The U.S. announced on Wednesday tariffs of 46% on imports from Vietnam, the world’s second largest coffee producer, as well as a 32% duty …

Import tax on coffee pressures US roasters already facing high prices Read More »

By Suzanne McGee (Reuters) – Investors had been prepared for a shock heading in to U.S. President Donald Trump’s announcement of sweeping new tariffs on Wednesday, but many said that what played out was the worst-case-scenario for markets. Their message: Buckle up and brace yourself.    In the run-up to what Trump had billed as “Liberation Day,” …

US investors caught off-guard by depth of tariffs are braced for more pain Read More »