escalates
Asian markets fell slightly on open and wavered around the flatline as Trump continues to rail against Jerome Powell and the Federal Reserve, weakening faith in US assets and leading to a broad sell-off. Japan’s Nikkei 225 (^N225) and Topix (
BEIJING (AP) — China announced Friday that it will raise tariffs on U.S. goods from 84% to 125% — the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets and raised fears of a global slowdown. While U.S. President Donald Trump paused import taxes this . . […]
BANGKOK (AP) — Asian shares sank Friday after U.S. stocks gave up much of their historic gains from the day before. The deepening worries over President Donald Trump’ s trade war initially . . .
President Donald Trump has announced a 90-day pause for countries hit by higher US tariffs, but escalated a spiralling trade war with China. In a dramatic change of policy, just hours after levies against roughly 60 of America’s trading partners came into effect, Trump said he was authorising a universal “lowered reciprocal tariff of 10%” […]
NEW YORK (AP) — The U.S. stock market is shaking in another twitchy day of trading after most other markets tumbled Wednesday as President Donald Trump’s trade war keeps escalating. The S&P 500 was up 0.2% in midday trading after quivering through the morning. The index
Trump’s higher tariff on Japan leaves Tokyo stunnedpublished at 11:20 British Summer Time 11:20 BST Shaimaa KhalilTokyo correspondent Image source, Reuters At the closing of trading today, Tokyo was stunned. Not just because it’s looking into billions of dollars in projected losses, and a rollercoaster market ride – but as the US’s key economic and […]
China has struck back at President Trump. On Friday evening in Beijing, in a rapid-fire series of policy announcements including 34 percent across-the-board tariffs, China showed that it has no intention of backing down in the trade war that Mr. Trump began this week with his own steep tariffs on imports from around the world. […]
Senate Democrats will meet at lunch today to discuss how they will proceed on the House-passed funding bill, with many still unable to decide whether to vote for the measure that keeps the government funded through Sept. 30 or risk a shutdown starting Saturday. “We’re never convinced that the House is gonna do anything until […]
US President Donald Trump has refused to say whether the US economy is facing a recession or price rises in the wake of his administration’s flip-flopping on tariff threats against some of its closest trading partners. Asked if he was expecting a recession this year, Trump said there was a “period of transition” taking place. […]
Shares in Europe and Asia slid on Monday after US President Donald Trump followed through on his promise to impose tariffs on Canada, Mexico and China. The main European stock markets were all down more than 1%, while earlier Japan’s stock market had closed down 2.7%. The US dollar strengthened on the currency markets, rising […]