Supply Lines is a daily newsletter that tracks global trade. Sign up here. China announced an investigation into Google and imposed new tariffs on a range of US products moments after President Donald Trump slapped a 10% tariff on goods from Beijing, reigniting a trade war between the word’s largest economies. Source link
Copper and zinc rose after President Donald Trump delayed tariffs on Canada and Mexico by a month, dragging the US dollar lower. Copper, an industrial bellwether, extended gains Tuesday amid the reversal in sentiment. Trump said he’s delaying the 25% levies on Canada and Mexico after both US neighbors agreed to take tougher border-control measures,…
US President Donald Trump said his administration plans to speak with China, raising the possibility of a potential reprieve on a 10% tariff set to take effect in hours after he delayed levies on Canada and Mexico. Speaking to reporters in Washington on Monday, Trump said talks with China would take place “probably over the…
Mexico’s finance chief Rogelio Ramirez de la O will host a conference call with investors on Monday after US President Donald Trump ordered 25% tariffs on exports from the country, sending the peso plunging in the Asian market. Ramirez De la O is scheduled to speak to investors at 9 a.m. Eastern Time on Monday,…
The US Federal Reserve’s favorite inflation gauge came in pretty plain vanilla Friday, perhaps pointing the way toward Wall Street’s favorite flavor: rate cuts. But even that bit of good news wasn’t enough to calm investors trying to read the tea leaves as to what the White House will or won’t do, means or doesn’t…
War and peace in our time will depend on the decisions of various world leaders, but these three presidents above all: Donald Trump in the United States, Xi Jinping in China and Vladimir Putin in Russia. So peer into their minds and take stock of the ideas floating around there. What you’ll find is not…
It was what Wall Street wanted. And this week at least, it’s what Wall Street is getting: A market-friendly Donald Trump – talking up policies to boost growth and lower taxes, while dialing back plans to immediately disrupt the world trading order. Despite the protectionist threats of the campaign trail, Trump held off on imposing…
Russian President Vladimir Putin said he’s ready to discuss crude oil prices and other energy issues at a face-to-face meeting with US leader Donald Trump. Both Russia and the US are top global oil producers and consumers, Putin said in an interview with state-owned Rossiya 24 TV. Price movements in the commodity impacts both economies,…
In the first week since Donald Trump returned to the White House, emerging-market currency traders are celebrating the small wins. The absence of tariffs on Chinese imports, for now, was enough to fuel gains in developing-world currencies, leaving a benchmark index on track to climb 1.1% this week, its best performance since November 2023. Trump’s…
Analysts see China’s latest initiatives injecting at least 1 trillion yuan ($138 billion) of additional flows in 2025 into its ailing stock market, with the most bullish calculation by JPMorgan Chase & Co. totaling 13 trillion yuan over three years. Additional buying by insurance and mutual funds this year should be around 1.3 trillion yuan,…