President Donald Trump said he would make a significant trade announcement Thursday with the United Kingdom, yet another sign of some possible relief from historically high tariffs that have threatened serious damage to the US and global economies. “Big News Conference tomorrow morning at 10:00 A.M., The Oval Office, concerning a MAJOR TRADE DEAL WITH…
Hong Kong’s economy expanded by 3.1 per cent year on year in the first quarter of 2025, according to advance government estimates. Figures released by the Census and Statistics Department on Friday showed gross domestic product (GDP) increased by an estimated 3.1 per cent in real terms in the first three months. A government spokesman…
Taipei, Taiwan – When United States President Donald Trump began his first term in 2017, he set about implementing Washington’s most hawkish economic policy toward China in decades. In the first 100 days of his second term, Trump has taken Washington’s confrontation with Beijing to greater heights still, laying out a staunchly protectionist trade agenda…
After United States President Donald Trump suspended his “reciprocal tariffs” on major US trading partners on April 9, he ramped them up on China’s goods. US trade levies on most imports from China have climbed to 145 percent. Beijing retaliated with duties of its own, at 125 percent on US goods. Trump has long accused…
Nations are being forced to choose between siding with China or the U.S. as President Donald Trump’s trade war locks the world’s two largest economies on a collision course. Trump says Columbus Day will now just be Columbus Day, accusing Democrats of denigrating traditional American icons by celebrating Indigenous Peoples Day alongside the date when…
China’s leaders are downplaying the potential impact from U.S. President Donald Trump’s trade war, saying they have the capacity to protect jobs and limit damage from higher tariffs on Chinese exports. The briefing Monday by several senior officials of different government ministries appeared aimed at shoring up confidence with promises of support for companies and…
NEW YORK (AP) — Michael Montgomery used to check the balance on his retirement account once a week and smile. But lately, not wanting to get upset and question if he could retire in a few years, there was only one solution. “I’m not looking,” says the 66-year-old professor from Huntington Woods, Michigan. As the…
President Donald Trump is badgering the Federal Reserve to cut interest rates, but even if the Fed gave in to the pressure, it wouldn’t necessarily lead to lower borrowing costs for consumers. In fact, economists say, Trump’s ongoing attacks on Fed Chair Jerome Powell and his tariff policies could keep the longer-term interest rates that…
As Apple grapples with United States President Donald Trump’s tariff war with China, it has laid out plans to move to Indian assembly of the majority of iPhones it sells in the US by the end of 2026, a move that would double its current output from the South Asian nation and away from China….
WASHINGTON (AP) — President Donald Trump can’t stop contradicting himself on his own tariff plans. He says he’s on a path to cut several new trade deals in a few weeks — but has also suggested it’s “physically impossible” to hold all the needed meetings. Trump has said he will simply set new tariff rates…