With the July 9 deadline for finalizing trade deals approaching, the Trump administration is advancing its global tariff strategy. This report outlines the latest developments in tariff implementations and ongoing negotiations with key trading partners. Details of U.S.-China Trade Deal High-level negotiations in London, concluded on June 10, 2025, have produced a framework agreement with…
Tariffs are pushing up the cost of materials that are frequently used in home renovation projects, leading some homeowners to reconsider fixing up their residences. Suppliers of materials, including lumber, steel and aluminum, have already hiked prices for builders. Sixty percent of homebuilders say suppliers have either already raised prices or intend to, according to…
The human cost of global conflict is unbearable for the victims, of course, and it comes with an economic cost too, which analysts are trying to estimate right now. President Trump has reportedly approved a plan to bomb Iran but not yet given the green light for action. The main issue for investors is what…
How tariffs are reshaping the cost of remodeling this summer – CBS News Watch CBS News With new tariffs raising the cost of key building supplies like lumber, steel, and appliances, contractors say homeowners could see project costs skyrocket. Nancy Chen speaks with builder David Perotti on how to save money and navigate the price…
More Americans want to buy used cars due to tariffs – CBS News Watch CBS News A new survey from auto researcher Edmunds shows 58% of respondents are more interested in buying a used car because of tariffs. Kelly O’Grady reports. Be the first to know Get browser notifications for breaking news, live events, and…
By Eleanor Butler & AP Published on 10/06/2025 – 7:36 GMT+2 ADVERTISEMENT Asian shares were marginally higher on Tuesday as investors kept an eye on US-China trade talks that might help stave off a recession. Tokyo’s Nikkei 225 gained 0.9% to 38,445.68, while the Kospi in South Korea jumped 0.3% to 2,865.12. Hong Kong’s Hang Seng edged 0.3%…
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The European Union’s (EU) tariffs on biodiesel and renewable diesel from China present Hong Kong with an opportunity to promote the use of low-carbon fuels, according to a business group, which called for more measures to support its adoption. A dearth of financial incentives and infrastructure has also resulted in limited use by the public…
Hong Kong’s corporate activity and yuan-driven business have been revitalised as global market participants strengthen ties to China’s economy amid tariffs and geopolitical tensions, according to a senior executive at Deutsche Bank. Companies and investors have increased their exposure to China and hedged against the US dollar as they adjusted their supply chains and portfolios…