BEIJING (AP) — China signaled Sunday that it would not back down in the face of a 100% tariff threat from President Donald Trump, urging the U.S. to resolve differences through negotiations instead of threats. “China’s stance is consistent,” the Commerce Ministry said in a statement posted online. “We do not want a tariff war…
That dream of leasing a new Tesla might be fading for some Americans. In a move that directly impacts the wallets of potential electric vehicle drivers, the company has significantly raised its monthly lease prices, making the switch to cleaner cars a tougher choice for many. What’s happening? According to Business Insider, the change happened…
President Donald Trump’s additional 100% tariff on China erased $2 trillion from the stock market on Friday and possibly couldn’t have come at a worse time. A potentially renewed trade war risks a resurgence of uncertainty in the market, Apollo Global Management chief economist Torsten Slok said Saturday on Fox Business, all while fears of…
NEW YORK (AP) — For months, bubbling trade tensions between China and the U.S. seemed to calm to a simmer, with words like “thaw” and “truce” swapped in for warnings of economic “war.” Now, hostilities appear to be returning to full boil. A series of tit-for-tat moves this week by the two superpowers has thrust…
WASHINGTON (AP) — President Donald Trump on Friday threatened to place an additional 100% tax on Chinese imports starting on Nov. 1 or sooner, potentially escalating tariff rates close to levels that in April fanned fears of a global recession. The president expressed frustration with new export controls placed on rare earth elements by China…
As 70-year-old Dr Qin Huilan set foot on the runway of Miu Miu’s autumn/winter 2024 show at Paris Fashion Week last year, she surely had little idea how her 15 minutes of fame would resonate globally, leaving a lasting impact on audiences in her home country of China and beyond. Her brief cameo, walking through…
A resurgence in trade tensions between the U.S. and China squeezed some of the excess out of an enthusiastic market, something investors will keep a close eye on in the week ahead as earnings loom. The government shutdown is also stretching into a new week. Stocks sold off Friday, with the Dow Jones Industrial Average…
JPMorgan CEO Jamie Dimon is warning that the chances of a US stock market fall are far greater than many Wall Streeters believe. The head of America’s largest bank says he is “far more worried than others” about a stock market correction — widely defined as a drop of at least 10% — predicting that…
The EU accounts for 78 per cent of UK steel exports and the UK steel industry has reacted with worry to proposed EU tariff, or tax, changes Ivan Morris Poxton Local Democracy Reporter 15:03, 09 Oct 2025 The steelworks landscape at British Steel’s plant in Scunthorpe; the trade body UK Steel has said the UK…
Check out the companies making the biggest moves in premarket trading: Ferrari — The luxury carmaker tumbled nearly 14% after it trimmed its electrification targets . Ferrari said it expects its 2030 sports car model line-up to be made up of 40% internal combustion engine cars, 40% hybrid and 20% fully electric vehicles. That’s down…