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…
Photo: David Paul Morris/Bloomberg via Getty Images Last week, President Donald Trump announced extensive tariffs (a.k.a. taxes) on imported goods, including a 10 percent general tariff on all imports and tailor-made rates on certain trade partners like China, with a 34 percent tariff and subsequent threat of an additional 50 percent tariff, and a 10…
China has an opportunity to act as an elder statesman, thanks to the spectacular own goals of Donald Trump’s tariffs. Usually cast as a disruptor of the postwar economic order, and sometimes relishing the reputation, Beijing has much to gain in the public-relations arena. The challenger can now present as the defender of the system….
President Donald Trump criticized China on Friday, saying it “played it wrong” and “panicked”, after China announced retaliatory tariffs which sent U.S. stock markets tumbling.The Dow closed down 2,200 points on Friday, with the S&P dropping 6% and the Nasdaq falling 5.8%.This rapid rate decline put the stock market at risk of triggering a circuit…
President Trump preparing to announce new tariffs on ‘Liberation Day’ Updated: 6:48 PM EDT Apr 1, 2025 White House Correspondent Businesses and U.S. trading partners are keeping a close eye on the White House, as Wednesday President Donald Trump is set to unveil a new round of sweeping tariffs.See the story in the video above”April…
Both the protests and the market fallout could have been worse, Deutsche Bank strategist Jim Reid said in a note to clients on Monday. “The fact that he wasn’t charged with terrorism means the news isn’t as extreme as it could have been,” he argued, noting that “such a move would have led to the…
By Simon Johnson STOCKHOLM (Reuters) – European arms imports rose 155% in 2020-24 and Ukraine has become the world’s biggest arms importer following Russia’s 2022 invasion, according to a report released by a leading conflict think tank on Monday. Data from the Stockholm International Peace Research Institute (SIPRI) showed the United States continued to dominate…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China’s imports, exports cool as US tariffs cast chill over trade China’s export growth slowed in the first two months of 2025 compared to the end of 2024, a…
Russian President Vladimir Putin has agreed to help mediate talks between the Trump Administration and Iran on issues including the Islamic Republic’s nuclear program and its support for proxies in the Middle East, anonymous sources in Moscow with knowledge of the development told Bloomberg on Tuesday. U.S. President Donald Trump raised the American request for…
US President Donald Trump has confirmed that reciprocal tariffs will take effect on April 2. The new tariffs are set to target imports from countries that have levied high duties on US goods, aiming to level the playing field and protect American industries. In mid-February, Trump unveiled the new reciprocal trade policy aimed at restoring…