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…
The annual “two sessions” in Beijing, a crucial window into China’s policy priorities and economic trajectory, continue to draw significant Western media scrutiny. However, a subtle yet perceptible shift appears to be under way – a tempering of harsh criticism alongside a sustained analytical focus. My colleagues and I conducted a content analysis of major…
The discussions, which the people say are in the early stages, come as the Trump administration is ramping up tariff and other trade measures against China. This strategy aims to build leverage for negotiations with Beijing. Trump and Xi, through their representatives, have expressed interest in a summit since Trump won the election in November….
Major US stock indices fell on Tuesday when the tariffs announced by US President Donald Trump on Canada, Mexico and China came into effect. On top of all this, a trade group representing nearly all major automakers warned that the new 25% tariffs on imports from Canada and Mexico imposed by Trump will lead to…
US stock futures edged lower on Tuesday as investors braced for more tariff policy shifts from President Donald Trump and focus turned to inflation with testimony from Federal Chair Jerome Powell on deck. Dow Jones Industrial Average futures (YM=F) moved 0.2% lower, while S&P 500 futures (ES=F) dropped 0.3%. Contracts on the tech-heavy Nasdaq 100…
(Bloomberg) — US inflation showed scant signs of downward momentum at the start of the year, while healthy job growth undergirded the economy, backing the Federal Reserve’s stance to hold the line on interest rates for now. Most Read from Bloomberg Fed Chair Jerome Powell, who offers his semiannual testimony to lawmakers on Tuesday and…