NEW YORK (AP) — Most U.S. stocks fell Wednesday after a report showed inflation is unexpectedly worsening for Americans. The S&P 500 dropped 0.3%, though it had been on track for a much worse loss of 1.1% at the start of trading. The Dow Jones Industrial Average sank 225 points, or 0.5%, while the Nasdaq…
United States President Donald Trump on Friday signed an executive order freezing aid to South Africa, citing a recent land expropriation law passed by the country that the American leader and his allies claim discriminates against white farmers. But the aid block is only the culmination of a series of pressure points between the US…
TOKYO (AP) — Asian shares were trading mixed Monday, as investors found bargains despite worries about U.S. President Donald Trump’s tariffs. Japan’s benchmark Nikkei 225 finished little changed, rising less than 0.1% to 38,801.17. The Japanese government reported a record current account surplus last year of 29 trillion yen ($191 billion), underlining strong returns on…
US president announces latest tariffs following trade measures directed at Canada, Mexico and China. United States President Donald Trump has announced plans to impose 25 percent tariffs on all steel and aluminium imports, and reciprocal tariffs on countries levelling duties on US goods. Trump said on Sunday that he would formally announce the tariffs on…
WASHINGTON (AP) — President Donald Trump has paused imposing tariffs on small-value packages arriving from China, apparently to give federal agencies time to sort out how to process millions of such shipments that have come through the U.S. border every day without paying taxes. The executive order, dated Wednesday, didn’t say when the pause would…
HONG KONG (AP) — Asian shares Friday were mixed, with Chinese technology stocks rising as most other Asian equities declined. Japan’s benchmark Nikkei 225 dipped nearly 0.44% in early trading to 38,893.65. Australia’s S&P/ASX 200 slid just 0.04% to 8,517.20. South Korea’s Kospi declined 0.23% to 2,530.79. Hong Kong’s Hang Seng rose 1.35% to 31,173.35,…
Shipping containers from China at the China Shipping (North America) Holding Company Ltd. facility at the Port of Los Angeles in Wilmington, California, Feb. 4, 2025. Mike Blake | Reuters President Donald Trump has long been a fan of tariffs, and in his first month back in the White House he wasted no time imposing…
QINGDAO, CHINA – NOVEMBER 8, 2023 – Container ships frequently enter and exit the Qianwan Container Terminal of Qingdao Port in Qingdao, Shandong Province, China, Nov 8, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images A trade war is brewing — and, if history is any guide, the U.S. economy…
Postal Service says working with US border agency on ‘efficient collection mechanism’ for Donald Trump’s China tariffs. The United States Postal Service (USPS) has said it will accept parcels from China again, reversing a suspension that followed President Donald Trump’s decision to end a trade provision used by retailers to ship low-value packages duty-free to…
TOKYO (AP) — Asian shares were trading mixed Wednesday as markets mulled the impact of tariffs being imposed by the United States and China. Japan’s benchmark Nikkei 225 recouped earlier losses and was little changed, up less than 0.1% in afternoon trading at 38,820.77. Australia’s S&P/ASX 200 rose 0.5% to 8,416.90. The Hang Seng dropped…