Reuters US Economy

By David Lawder and Jason Lange WASHINGTON (Reuters) -U.S. President Donald Trump’s 25% auto tariffs will cover more than $460 billion worth of imports of vehicles and auto parts imports annually, according to a Reuters analysis of tariff codes included in a federal register notice on Wednesday. The update of Trump’s auto tariff proclamation from …

Trump’s auto tariffs to cover more than $460 billion of US vehicle, parts imports Read More »

By Kevin Buckland TOKYO (Reuters) -Japan’s Nikkei share average slumped to an eight-month low on Thursday after U.S. President Donald Trump revealed a broad set of reciprocal tariffs, including a larger-than-anticipated 24% levy on Japanese goods. The Nikkei dropped as much as 4.6% in early trading, diving to 34,102.00, its lowest point since August 7. …

Japan’s Nikkei slumps to 8-month low on Trump tariff shock Read More »

By Sukriti Gupta, Medha Singh and Lisa Pauline Mattackal (Reuters) -European shares fell on Wednesday, weighed by losses in healthcare stocks, as investors awaited tariff plans from U.S. President Donald Trump that some fear could slow global growth and boost inflation. The pan-European STOXX 600 index closed 0.5% lower, with Germany’s trade-sensitive DAX falling 0.7%. …

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BEIJING (Reuters) – China’s services activity rose to three-month high in March, with both business activity and new orders picking up from February, a private sector survey showed on Thursday. The Caixin/S&P Global services purchasing managers’ index (PMI), rose to 51.9 from 51.4 in February, the highest reading since December. The result is roughly in …

China’s services activity rises to three-month high, Caixin PMI shows Read More »

ISTANBUL (Reuters) -Turkish inflation is expected to end the year a bit higher than previously expected, a Reuters poll showed on Wednesday, reflecting fallout from a currency selloff after authorities detained and jailed Istanbul’s mayor last week. Based on the median forecast of nine poll respondents, year-end inflation is seen at 29.75%, up one percentage …

Turkish inflation expectations tick up after market turmoil Read More »

By Kirsty Needham and Alasdair Pal SYDNEY (Reuters) -Australian Prime Minister Anthony Albanese and his rival in a May election, Liberal Party leader Peter Dutton, said they would stand up for the country’s national interests in the face of looming U.S. tariffs that could hit Australian beef. Australia recorded its first trade surplus with the …

Australia to ‘stand up for national interests’ on US tariffs, says PM Albanese Read More »

BRASILIA (Reuters) -Brazil said on Wednesday it is assessing all potential responses to the United States’ 10% tariffs on imports from Latin America’s largest economy, while its Congress approved a bill outlining the framework for trade retaliation. “The Brazilian government is evaluating all possible actions to ensure reciprocity in bilateral trade, including resorting to the …

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