Hong Kong is in the “unfortunate” position of being caught in the crossfire of US President Donald Trump’s tariff policies, the American Chamber of Commerce in the city has said. The influential business group said on Monday that it supported the Hong Kong government’s stance that the city was a separate customs entity distinct from…
Hong Kong is in the “unfortunate” position of being caught in the crossfire of US President Donald Trump’s tariff policies, the American Chamber of Commerce in the city has said. The influential business group said on Monday that it supported the Hong Kong government’s stance that the city was a separate customs entity distinct from…
WASHINGTON (TNND) — A tit-for-tat trade war with China has continued to escalate this week with tariffs between the world’s two largest economies eclipsing well over 100% as Washington and Beijing refuse to back down in a fight that will have ripple effects on the rest of the world. China announced on Friday it was…
A look at the day ahead in European and global markets from Ankur Banerjee Fears of a sharp downturn in the global economy have sent markets convulsing once more, with action focused on currencies and bonds as the escalating U.S.-China trade war has investors throwing out the usual playbook and fleeing dollar-based assets. Stock futures…
(Reuters) -Wall Street’s main indexes fell hard again on Thursday on concerns over the impact of high tariffs on the global economy, marking a U-turn from the previous session’s historic gains when U.S. President Donald Trump moved to temporarily lower the levies on some countries. The renewed selling came a day after the new levies…
The remarks come as the U.K. government pushes for a trade deal with the Trump administration to try and ease tariffs placed on the U.K. and other global economies last week. The U.S. imposed a baseline tariff of 10 percent on all U.K. imports, as well as a 25 percent tax on vehicles and steel…
The “world as we knew it” is over and the UK “stands ready” to use direct state intervention to shelter industries from the US tariff storm, Prime Minister Keir Starmer said Sunday. US President Donald Trump‘s imposition of sweeping tariffs on Wednesday shows that “old assumptions can no longer be taken for granted,” Starmer said…
President Trump stood by his “Liberation Day” reciprocal tariff package Friday after China hit back with a 34% tariff on US goods, promising investors that his “policies will never change.” In a string of all-caps Truth Social posts, the president argued his duties will withstand the test of the markets, which plunged yet again in…
(Photo: Panama Ports Co.) The chairman of one of the largest global investment managers says ports are as critical to future infrastructure of the global economy as data centers and power grids. BlackRock Chairman Laurence Fink in an annual letter to investors said that’s why the company spent 2024 transforming itself into a leader in…
(Bloomberg) — US stock-index futures climbed in early Asia trading on signs that the next round of President Donald Trump’s trade tariffs could be more measured than had previously been suggested. Asian equity futures pointed to an early loss. Most Read from Bloomberg S&P 500 futures rose 0.4% after the cash market closed marginally higher…