Reuters US Business

By David Lawder WASHINGTON (Reuters) – The Trump administration is talking to all major trading partners throughout the world about ways to bring down President Donald Trump’s new tariffs, Commerce Secretary Howard Lutnick said on Thursday, adding that they will have to change their rules to allow more imports of U.S. products. Lutnick told CNBC …

Countries need to allow in more US products to bring down tariffs, Lutnick says Read More »

PARIS (Reuters) -The European Union and the United States need to de-escalate their trade dispute and wine and spirits should be left untouched by both sides, said Florent Morillon, the president of the National Interprofessional Office of Cognac (BNIC), the cognac industry’s lobby group. “We will very clearly lose market share,” he said in an …

French cognac industry group calls for de-escalation of US, EU trade dispute Read More »

By Ananya Mariam Rajesh (Reuters) -Conagra Brands missed Wall Street expectations for third-quarter sales and profit on Thursday, hurt by softening demand for its snacks and supply-chain disruptions in frozen food and refrigerated business. The Slim Jim maker is facing a double whammy of slowing sales growth as budget-conscious Americans switch to cheaper private-label brands, …

Slim Jim-maker Conagra Brands misses sales estimate on soft demand, supply constraints Read More »

By Naomi Rovnick, Yoruk Bahceli and Harry Robertson LONDON (Reuters) -Big investors reeling from the shock of U.S. President Donald Trump’s hefty new tariffs are pulling out their global recession playbooks and rushing to diversify away from battered Wall Street stocks and the dollar. Trump imposed heftier tariffs than investors expected on Wednesday, announcing a …

Investors stunned by Trump tariffs prepare for global growth shock Read More »

By Alasdair Pal and Jill Gralow MOSS VALE, Australia (Reuters) – At a cattle auction in Australia’s lush Southern Highlands, an auctioneer shouts from a gantry over the din of nearly 2,000 cows waiting to be bought. Prospective owners in felted hats bid up prices with a nod of the head, and business is brisk, …

Australian beef farmers say Trump tariffs to boost price of US hamburgers Read More »

(Reuters) -U.S. President Donald Trump said he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country’s biggest trading partners, drawing defiant responses from leaders and governments. Trump is not imposing his new 10% global tariff rate on goods from top trading partners Canada …

World leaders react to Trump’s tariffs Read More »

By Jiaxing Li and Rae Wee HONG KONG (Reuters) – China’s yuan dropped to its lowest level in seven weeks and stock markets slumped on Thursday after U.S. President Donald Trump unveiled a sweeping set of reciprocal tariffs that were particularly heavy on China and its main trading partners. While investors had been bracing for …

China stocks, yuan tumble after bigger-than-expected Trump tariffs Read More »