Mexico‘s Senate approved on Wednesday tariff hikes of up to 50% on imports from China and several Asian countries starting next year, in efforts to bolster local industries despite opposition from business groups and affected governments. The proposal, passed earlier by the lower house, will raise or impose new duties of up to 50% from…
By Dave Graham UTZENSTORF, Switzerland (Reuters) -Norbert Steuer, a logistics worker at Swiss precision machinery maker K.R. Pfiffner, has been at the firm for over three decades. Now he is one of 80 out of 105 staff due to be let go as it reels from U.S. tariffs and a struggling auto industry. The firm,…
US stock futures wobbled below the baseline Wednesday night, as investors weighed easing concerns over lofty AI valuations and drew optimism from a Supreme Court hearing that hinted at a possible setback for President Donald Trump’s tariff policy. S&P 500 (ES=F) and Dow Jones Industrial Average futures (YM=F) hovered near the flatline while Nasdaq 100…
US President Donald Trump embarked on his first Asia tour of his second term on Saturday, seeking to restore economic balance and reaffirm Washington’s influence in a region strained by tariffs and shifting alliances. The week-long trip will take him through Malaysia, Japan, and South Korea, with a long-anticipated meeting with Chinese President Xi Jinping…
WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday Washington was considering terminating some trade ties with China, including in relation to cooking oil. “I believe that China purposefully not buying our Soybeans, and causing difficulty for our Soybean Farmers, is an Economically Hostile Act. We are considering terminating business with China having to do…
We have selected seven of the most interesting and important news stories covering US-China relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. Global order fracturing, status quo unlikely to return, EU warns in new report Photo: Shutterstock After months of being pummelled with…
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank should keep interest rates steady as the euro zone economy is holding its own in the face of U.S. tariffs and inflation may still come in higher than expected, ECB policymaker Isabel Schnabel told Reuters. The central bank for the 20 countries that…
(Reuters) -Japanese investors significantly sold foreign stocks in the week to August 2 as major markets retreated on caution over U.S. economic outlook and a new set of trade tariffs. According to data from Japan’s Ministry of Finance released on Thursday, domestic investors withdrew a net 752.1 billion yen ($5.10 billion) out of foreign stocks…
A U.S. Department of Commerce employee and U.S. citizen has been unable to leave China since mid-April and is under heavy surveillance by the Chinese government. Chinese intelligence officers reportedly began tracking the employee, who is also a veteran, after he traveled to a region of southwest China to visit family members. The intelligence officers…
(Bloomberg) — The perils of trade and geopolitics will only slow the rally in European stocks rather than derail it, according to Wall Street strategists. Most Read from Bloomberg The Stoxx Europe 600 Index (^STOXX) is expected to end the year around 557 points, according to the average of 19 strategists polled by Bloomberg. That…