China and Hong Kong stocks weakened on Wednesday after U.S. President Donald Trump hinted at potential new tariffs on Chinese imports, ending a brief reprieve for the markets. The blue-chip CSEI 300 Index declined 1.1% in early trade, the biggest retreat in nearly two weeks, and the Shanghai Composite Index lost 0.9%. Hong Kong’s benchmark…
Washington DC: Donald Trump has sniffed trouble brewing afar against the United States – one that may topple the US’s position as a dominant global power and end Washington’s ability to impose economic sanctions against those it deems fit for the case. The storm in question is the steadily-expanding BRICS+ grouping. Within hours of taking…
Williams-Sonoma (WSM) CEO Laura Alber hasn’t waited for President Trump to enact more tariffs on China. She has taken action and could take more action in the years ahead. “In the first Trump administration, we saw the first wave of tariffs, and we reduced our China exposure by 50%,” Alber told Yahoo Finance at the…
Donald Trump will issue a broad trade memo on Monday that stops short of imposing new tariffs on his first day in office, but rather directs federal agencies to evaluate US trade relationships with China, Canada and Mexico, an incoming Trump administration official said. President-elect Trump, who takes office on Monday, has pledged tariffs of…
China’s top legislature will begin its annual parliamentary meeting on March 5 next year – a session that will be closely watched by investors as Beijing will announce its growth target and decide on ways to stimulate the country’s stalled economy. The start date of the third annual session of the 14th National People’s Congress…
Donald Trump’s election victory has Wall Street bullish about tax cuts and deregulation boosting corporate profits. Even after the stock market’s post-election rally came to a screeching halt on Wednesday when the Federal Reserve signaled a hard line on interest rates, the S&P 500 remains up since Trump’s win. The VIX, popularly known as the…
In the weeks after Donald Trump’s sweeping election victory, American companies sought to reassure investors that they were amply prepared for a new round of tariffs. Some, like Stanley Black & Decker, a toolmaker, highlighted efforts to shift their supply chains away from China. Others, like Lowe’s, a home-improvement retailer, pointed to processes they have…
Good morning, Quartz readers! HERE’S WHAT YOU NEED TO KNOW Elon Musk is mad he didn’t get an invite to California’s upcoming EV party. The Tesla CEO is upset that market share limitations on a tax credit in the works would block his company from the benefit. Donald Trump’s best and worst cabinet picks, according…
TOI correspondent from Washington: In a warning shot that echoed across major world capitals and business majors on Tuesday, US President-elect Donald Trump said he will issue executive orders on day one of his presidency imposing new tariffs on all imported goods from China, Mexico and Canada, Washington’s three largest trading partners, to stop the…
Canadian Prime Minister Justin Trudeau responded swiftly and diplomatically to then-President-elect Donald Trump’s proposal of a 25% tariff on all Canadian goods, seeking to mitigate the potential economic fallout and protect Canada’s vital trade relationship with the United States. Within hours of Trump’s announcement, Trudeau reached out to the incoming U.S. leader at his Mar-a-Lago…