United States President Donald Trump has announced that he will raise import tariffs on most Canadian goods to 35 percent, even though Canada has agreed to rescind its planned digital services tax as the US demanded. This comes as Trump sends “tariff letters” to a host of countries this week, notifying them of planned US…
Stock markets mostly rose Thursday on optimism that governments would reach deals to avoid US tariffs, with London hitting a record high. London’s FTSE 100 index jumped one percent in morning trading, lifted also by a surge in mining stocks after US President Donald Trump said he would enact a 50-percent copper tariff on August…
Stock markets mostly rose Thursday on optimism that governments would reach deals to avoid US tariffs, with London hitting a record high. London’s FTSE 100 index jumped one percent in morning trading, lifted also by a surge in mining stocks after US President Donald Trump said he would enact a 50-percent copper tariff on August…
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MANILA, Philippines — Asian shares were mixed on Friday after U.S. stocks climbed further into record heights as the clock ticks on President Donald Trump’s July 9 tariff deadline. Japan’s Nikkei 225 fell 0.6% to 39,762.20 after earlier gains, while South Korea’s KOSPI index was down 1.2% to 3,078.31. Hong Kong’s Hang Seng index lost…
NEW YORK (AP) — U.S. stocks are climbing further into record heights on Thursday after a report showed the U.S. job market looks stronger than Wall Street expected. The S&P 500 was up 0.8% in midday trading and on track to set an all-time high for the fourth time in five days. The Dow Jones…
The United States will place a lower-than-promised 20 percent tariff on many Vietnamese exports, President Donald Trump has said, cooling tensions with its 10th-biggest trading partner days before he could raise levies on most imports. Vietnamese goods will now face a 20 percent tariff, and any transshipments from third countries through Vietnam will face a…
(Reuters) -The opinions expressed here are those of Dhara Ranasinghe, Editor, Financial Markets, EMEA. All eyes remain focused on Washington, with Senate Republicans still locked in a marathon session, known as “vote-a-rama”, as they try to pass a contentious tax cut and spending bill that could add trillions of dollars to the country’s already high…
“Investors will breathe a sigh of relief,” he said. The Nasdaq composite gained 0.5 percent and set its own all-time high. The Dow Jones Industrial Average rose 1 percent. President Trump’s decision Friday to halt trade talks with Canada threatened to derail Wall Street’s run to a record, but the market steadied. The gains on…
A trade war. A real war with bombs dropped in the Middle East. A barrage of insults hurled by the president of the United States at the head of the Federal Reserve. The stock market has powered through all of that in the past few months to set a new record Friday and reward investors…