WASHINGTON (AP) — As President Donald Trump tries to turn his global trade war into a one-on-one showdown with China, he is finding that he has alienated some key U.S. partners who could boost America’s position in a fight between the world’s largest and second-largest economies. For more than a decade, American leaders, including Trump,…
WASHINGTON (AP) — Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed off his tariffs on most nations for 90 days even as he further jacked up the tax rate on Chinese imports to 125%. It was seemingly an attempt to narrow what had been an unprecedented trade war between the U.S….
BANGKOK (AP) — Asian markets opened higher on Tuesday, with Japan’s Nikkei 225 share benchmark shooting up more than 6% after it fell nearly 8% a day earlier. The rebound followed a wild day on Wall Street as U.S. stocks careened after President Donald Trump threatened to crank his double-digit tariffs higher. Early Tuesday, China’s…
BEIJING (AP) — China threatened Tuesday to take countermeasures against the United States “to safeguard its own rights and interests” in response to President Donald Trump’s threat of an additional 50% tariff on Chinese imports. The Commerce Ministry statement said the U.S.‘s imposition of “so-called ‘reciprocal tariffs’” on China is “completely groundless and is a…
FORT LAUDERDALE, Fla. (AP) — Top administration officials said Sunday that more than 50 countries targeted by President Donald Trump’s new tariffs have reached out to begin negotiations over the sweeping import taxes that have sent financial markets reeling, raised fears of a recession and upended the global trading system. The higher rates are set…
TAIPEI, Taiwan (AP) — China is retaliating in a determined and at times highly detailed manner to U.S. President Donald Trump’s new tariffs, led by a retaliatory 34% tax on all U.S. imports next week. The strong response shows a degree of preparation that leaves Chinese exports in a tough spot but exacts pain from…
John Gutierrez had been thinking about buying a new laptop for the past year. The Austin, Texas, resident needed a computer with faster processing and increased storage for his photography work and had his sights set on a product from a Taiwanese brand. Then President Donald Trump announced expansive new import tariffs Wednesday, including a…
NEW YORK (AP) — The trade wars launched by U.S. President Donald Trump have escalated to new heights. Just days after Trump unveiled sweeping new “reciprocal” tariffs on imports from around the world, China on Friday levied a retaliatory 34% tariff on all U.S. products starting April 10. Stock markets worldwide plummeted, with the S&P…
WEST PALM BEACH, Fla. (AP) — President Donald Trump on Friday said he is signing an executive order to keep TikTok running in the U.S. for another 75 days to give his administration more time to broker a deal to bring the social media platform under American ownership. The order was announced as White House…
HONG KONG (AP) — Asian shares slid further Friday after U.S. President Donald Trump’s tariffs sent shudders through Wall Street at a level of shock unseen since the COVID-19 pandemic pummeled world markets in 2020. Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies has fallen….