United States President Donald Trump is set to impose 25 percent tariffs on two key US allies, Japan and South Korea, beginning on August 1 as the administration’s self-imposed deadline for trade agreements of July 9 nears without a deal in place. On Monday, the Trump administration said this in the first of 12 letters…
Shortly after President Trump threatened to impose an extra 10 per cent tariff on countries aligning themselves with the “anti-American policies” of the Brics, China on Monday said that the bloc is not seeking “confrontation” read more Shortly after President Donald Trump threatened to impose an extra 10 per cent tariff on countries aligning themselves…
China’s oil refiners are grappling with an oversupply of jet fuel, in yet another blow to the bottom line of a sector already dealing with ebbing demand for gasoline and diesel. In the post-pandemic period, as flights returned to the skies, jet fuel was a boon for domestic refiners struggling with a sputtering economic recovery,…
MONTREAL (Reuters) -Canada has discussed offering financial support to large aluminum producers like Rio Tinto impacted by a U.S.-led trade war, in the event that Washington’s 50% tariff on imports of the metal persist in the medium term, the CEO of a key industry trade group said on Saturday. Aluminium Association of Canada CEO Jean…
Relieved investors have fueled a record-breaking rally for the S&P 500 and are betting on further gains. They could be left disappointed, veteran market watchers say. The benchmark US stock index plunged nearly 19% to below 5,000 points between February 19 and April 8 as President Donald Trump‘s tariff threats stoked fears of a trade…
The United States will place a lower-than-promised 20 percent tariff on many Vietnamese exports, President Donald Trump has said, cooling tensions with its 10th-biggest trading partner days before he could raise levies on most imports. Vietnamese goods will now face a 20 percent tariff, and any transshipments from third countries through Vietnam will face a…
Prices on Chinese-made goods selling on Amazon have reportedly been increasing faster than overall inflation. That’s according to a report Monday (June 30) by Reuters, citing an analysis of 1,400 different products by analytics firm DataWeave. The analysis found that price increases for those goods sped up starting in May, a sign that U.S. tariffs are starting to filter through to consumers….
Canada’s prime minister says trade talks with US will resume with decision to drop new levy. Canada has rescinded its digital services tax in a bid to advance trade negotiations with the United States, days after US President Donald Trump called off talks in retaliation for the levy. Canadian Prime Minister Mark Carney, in a…
China’s factory activity improved for a second month but remained in contraction, as trade rebounds after the ceasefire in the tariff war with the US while weak domestic demand weighs on the economy. The official manufacturing purchasing managers’ index was 49.7 in June, versus 49.5 in the previous month, slightly exceeding the median estimate in…
Describing Israel and Iran fighting each other at his NATO pre-summit news conference in The Hague this week, US President Donald Trump drew an analogy with children fighting in a schoolyard, who eventually had to be separated. “Daddy has to sometimes use strong language,” Mark Rutte, NATO secretary-general, chimed in. Asked about the comment after…