United States President Donald Trump has threatened Brazil with a 50 percent tariff, citing the criminal charges against its former president and his political ally Jair Bolsonaro, who is accused of plotting a coup. In a letter to Luiz Inacio Lula da Silva, Brazil’s current president, Trump said on Wednesday that the treatment of Bolsonaro, who…
Delta Air Lines (DAL), the world’s largest carrier by revenue, reported upbeat second quarter results and reinstated its guidance as growing economic clarity deflects headwinds resulting from the global trade war. For the quarter, Delta posted adjusted revenue of $15.5 billion against estimates for $15.54 billion, per Bloomberg consensus, and up 1% compared to a…
China has agreed to sign a Southeast Asian treaty banning nuclear weapons, Malaysia’s and China’s foreign ministers confirmed, in a move that seeks to shield the area from rising global security tensions amid the threat of imminent United States tariffs. The pledge from Beijing was welcomed as diplomats on Thursday gathered for the Association of…
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….