The US president says he ‘may or may not’ exclude oil imports from tariffs. United States President Donald Trump has reiterated his threat to impose 25 percent tariffs on Canada and Mexico from Saturday while leaving open the possibility that oil imports could be exempted. Speaking to reporters at the White House on Thursday, Trump…
Mark Rutte, incoming secretary general of the North Atlantic Treaty Organization (NATO), during a transition ceremony at the NATO headquarters in Brussels, Belgium, on Tuesday, Oct. 1, 2024. Mark Rutte, the affable and meticulous former Dutch premier, has a daunting task ahead to keep the defense alliance a global force. Bloomberg | Bloomberg | Getty…
Europe will respond to any tariffs imposed by U.S. President Donald Trump in a proportionate way, the European Union’s commissioner for the economy told CNBC on Wednesday. “If there is a need to defend our economic interests, we will be responding in a proportionate way,” Valdis Dombrovskis told CNBC’s Steve Sedgwick on the sidelines of…
United States President Donald Trump said on Tuesday he was considering imposing a 10 percent tariff on imports from China, which could come into force as soon as February 1. It was Trump’s latest trade threat against China, the world’s second-largest economy after the US, and Washington’s biggest geopolitical rival. During the campaign that ultimately…
TOKYO — Global shares were mixed in a muted reaction Tuesday to the inauguration of U.S. President Donald Trump. France’s CAC 40 gained 0.1% to 7,739.02, while Germany’s DAX was flat at 20,988.89. Britain’s FTSE 100 gained 0.1% to 8,533.10. The future for the S&P 500 was up 0.3% and that for the Dow Jones…
‘It is my expectation that we will solve many problems together,’ the incoming US president says after a call with Xi Jinping. United States President-elect Donald Trump says he had a “good” phone call with Chinese President Xi Jinping, suggesting that Washington and Beijing will work to resolve various issues going forward. The call on…
An Italian structural composites company has selected Chattanooga for its first U.S. operations facility, investing nearly $3.8 million into the city. According to a statement from Tennessee Governor Bill Lee, Commissioner Stuart McWhorter, and officials from Microtex Composites Inc., the company will create 26 new jobs. Based in Italy, the composites manufacturer has experienced rapid…
BANGKOK (AP) — Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to encourage more investment and consumer spending. Leaders of the ruling Communist Party wrapped up their two-day Central Economic Work Conference on Thursday with praise for President…
China’s customs chief Yu Jianhua, who helped China fight its trade war with the US during Donald Trump’s first term in the White House, has died suddenly aged 63. Yu was suddenly taken ill on Tuesday and died despite receiving emergency treatment, the customs office said in a statement. He had made his last public…
China has banned exports to the United States of the critical minerals gallium, germanium and antimony, which have widespread military applications, escalating trade tensions the day after Washington’s latest crackdown on China’s chip sector. The curbs, announced on Tuesday, strengthen enforcement of existing limits on critical minerals exports that Beijing began rolling out last year but…