By Richard Cowan WASHINGTON (Reuters) -A U.S. Senate bill that would require congressional approval for new tariffs gained more Republican support on Friday, in the second day of a stock market rout sparked by President Donald Trump’s move to impose sweeping new taxes on imports. Republican U.S. Senators Lisa Murkowski of Alaska, Mitch McConnell of…
(Reuters) – The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20% from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession. Trump…
By Joe Cash, Xiuhao Chen and Liz Lee BEIJING (Reuters) -China on Thursday urged the United States to immediately cancel its latest tariffs and vowed countermeasures to safeguard its own interests, after President Donald Trump declared sweeping levies on all U.S. trading partners around the world. The U.S. move disregards the balance of interests reached…
(Reuters) – China has taken measures to limit its companies from making investments in the United States in an effort to gain more leverage in potential trade talks with U.S. President Donald Trump’s administration, Bloomberg News reported on Wednesday citing people familiar with the matter. (Reporting by Ojasvi Gupta in Bengaluru; Editing by David Goodman)…
A look at the day ahead in European and global markets from Ankur Banerjee With less than 24 hours left until U.S. President Donald Trump unveils his reciprocal tariff plans to a nervous world, market moves have slowed to a crawl as investors hunker down and minimise their risk ahead of a likely volatile reaction….
BEIJING (Reuters) – China, Japan and South Korea agreed to jointly respond to U.S. tariffs, a social media account affiliated with Chinese state broadcaster CCTV said on Monday. The comments came after the three countries held their first economic dialogue in five years on Sunday, seeking to facilitate regional trade as the Asian export powers…
• Trump tariff “Liberation Day” and the latest jobs report loom in the week ahead. • ExxonMobil appears well-positioned to capitalize on the changing dynamics of energy trade. • General Motors is expected to face challenges due to the new tariffs set to be unveiled, potentially making it a stock to sell. • Looking for…
By Tim Kelly TOKYO (Reuters) -U.S. Defense Secretary Pete Hegseth described Japan on Sunday as indispensable for tackling Chinese aggression and said implementing of a plan to upgrade the U.S military command in the country would get under way. “We share a warrior ethos that defines our forces,” Hegseth told Japanese Defence Minister Gen Nakatani…
(Bloomberg) — As US stock prices tumbled this month, John Sidawi, a fund manager at Federated Hermes, noticed something strange. Most Read from Bloomberg The dollar, long a go-to hiding place during market selloffs, wasn’t rallying this time as investors rushed for safety. It was sinking, too, and fast as hot money poured into gold,…
With tariffs and economic uncertainty weighing on the automotive industry, dealers are navigating a fast-changing landscape. Tom Maoli, president and CEO of Celebrity Motor Car, joins us on the latest episode of Inside Automotive to discuss how the tariffs are affecting sales, why he believes the EV market is struggling, and what concerns him most…