The United States and China have extended their tariff deadline for another 90 days, preventing an escalation of the trade war between the world’s two largest economies, with markets rallying after President Donald Trump announced the pause. With the extension, the imposition of higher tariffs on China will be suspended until November 10, with all…
Reaching a pact with China remains unfinished business for U.S. President Donald Trump, who has already upended the global trading system by slapping double-digit taxes – tariffs – on almost every country on earth. Reaching a pact with China remains unfinished business for U.S. President Donald Trump, who has already upended the global trading system…
China’s Xi and Brazil’s Lula discuss cooperation amid fallout of US President Donald Trump’s trade war. Chinese President Xi Jinping has suggested that China and Brazil set an example of “unity and self-reliance” in the Global South, Chinese state media has reported. In a phone call on Monday, Xi told Brazilian President Luiz Inacio Lula…
TOKYO — Asian shares mostly advanced Tuesday after President Donald Trump delayed raising tariffs on China for another 90 days. Japan’s benchmark Nikkei 225 jumped 2.6% to 42,942.14, topping its past all-time record. Toyota Motor Corp.’s shares surged 3.3% and other heavyweight shares also saw big gains. Hong Kong’s Hang Seng slipped nearly 0.2% to…
US President Donald Trump signed an extension just before midnight in Beijing, when a pause on tariffs was set to expire. United States President Donald Trump has signed an executive order extending the China tariff deadline for another 90 days. The extension came only hours before midnight in Beijing, when the 90 day pause was…
BANGKOK — World shares were mixed on Monday, the day before U.S. President Donald Trump’s deadline for imposing higher tariffs on goods imported from China. Oil prices extended declines that began last week on expectations for a possible breakthrough in the Ukraine conflict from Trump’s planned meeting with Russian President Vladimir Putin on Friday in…
MANILA, Philippines (AP) — World shares were mixed on Friday, with Asian stocks mostly lower while Tokyo’s benchmark spiked more than 2% after Japanese officials said they had resolved questions over the tariff that will apply to exports to the U.S. In early European trading, Germany’s DAX lost 0.3% to 24,131.01. The CAC 40 in…
MANILA, Philippines (AP) — World shares mostly advanced and financial markets appeared to show scant if any reaction to President Donald Trump’s higher tariffs on exports to the United States that took effect early Thursday. In early European trading, Germany’s DAX rose 0.9% to 24,137.51. In Paris, the CAC 40 added 0.8% to 7,693.36, while…
Even as the United States slaps India with a 50 percent tariff, the highest among all countries so far and one that will push their relationship to its lowest moment in years, one thing is clear: US President Donald Trump is more interested in onshoring than friend-shoring, experts say. On Wednesday, the US announced an…
Taipei, Taiwan – Southeast Asia’s export-driven economies are facing new uncertainty from United States President Donald Trump’s trade war, as his administration cracks down on exports directed through third countries to avoid his tariffs on China. Under an executive order issued by Trump last week, goods imported into the US face a punitive 40 percent…